Anatomy of Rupee’s Fall!
Just 3 weeks of war can’t cause such a dramatic worsening of our current account balance; it is the anticipation of worsening that has led to exodus of finance from India and the rupee’s decline.
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What Really Does ‘Western Civilisation’ Denote?
The atrocities committed by Western imperialist countries against people all over the world over the last several centuries have been so horrendous that using the term “civilization” to cover such behavior appears grotesque.
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Capitalism’s Rolling Back of Welfare Spending
NATO countries are increasing their military expenditures to protect a crumbling Western imperialist order by using force against all countries that are seen as possible challengers to this order. And so they are cutting back on welfare expenditures on workers.
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Intellectuals and Neo-Fascism
The sheer economic difficulties faced by academics in India in the last few years testifies to the fact that the fates of the intelligentsia and of the working people get linked together during the crisis of neo-fascism, which itself moves centre-stage in a situation of such crisis.
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The Lingering Myth of Capitalism
It is a pity that economic discussion in the country has reached such a jejune level today that 200- year-old myths about capitalism are being recycled, and sustained through all sorts of false claims about the disappearance of poverty within the Global South.
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A Budget of Great Cynicism
No budget in post-independence India had been as openly cynical about the lives of the vast masses of the working people as the one presented on February 1, 2025.
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“GDP-Nationalism”
Anti-colonial third world nationalism is entirely different from the nationalism that developed in Europe in the 17th century. It is best reflected in the difference between the nationalism of a Hitler, which is descended from European nationalism, and that of a Ho Chi Minh, which exemplifies anti-colonial nationalism.
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The Curious Case of Strengthening Dollar, Falling Rupee
The primary cause of the rupee’s depreciation is the preference of the Indian rich to hold their wealth in the form of U.S. dollars rather than in Indian rupees. This gives rise to a persistent shift from rupees to dollars causing the rupee’s depreciation.
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What Is to Be Done About Unemployment?
An increase in government expenditure financed by larger wealth and inheritance taxation provides the easiest and most direct route to the generation of larger employment in the economy.
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The Nehru Development Model
The Nehru-Mahalanobis strategy as interpreted on the basis of an alternative framework constitutes, to this day, the core of any genuine anti-imperialist and pro-people development strategy in an economy such as India’s.
