Why Inflation Bothers Capitalist Govts More than Unemployment
This is because such governments are blatantly subservient to the interests of the hegemony of finance, which is wary of financial assets losing value.
2022-23 Budget Whose Silences on Immediate Issues are Ominous
The economy is in such dire straits: there is an urgent need for a strategy that promotes economic revival, while providing relief to the poor, and contributing to an abatement of inflation. However, the 2022-23 union budget does not even show cognizance of the problem.
Co-Lending: A Double Deal for Recolonising Peasantry, Helping Corporate Cronies
Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve.
Bank Privatisation Isn’t Conducive for Financial Markets Under Capitalism
State ownership of banks not only provides for wider reach of institutional credit but also for stability of the financial system of capitalism itself.
Privatisation of Public Sector, a Brazen Contempt of India’s Constitution
The People’s Commission on the Public Sector and Public Services has emphasised that the public sector was created as an essential instrument for achieving a welfare State in India in consonance with the vision articulated in the directive principles of state policy laid down in the Constitution.
Agriculture | Capitalism | Economy | Elections | Fascism | Imperialism | India | Indian Economy | Indian Politics | People's movements | Print Edition
Kisan Movement’s Direct Action Defeated Not Just Modi Govt, but Imperialist Forces too
The climbdown by the Modi government in the face of the incredible resoluteness shown by the agitating peasants is a setback for neoliberalism, since corporate ascendancy over the agricultural sector is a crucial part of the neo-liberal agenda the farm laws were seeking to promote.
Caste | Culture | Fascism | India | Print Edition
The Homogenisation of Education
If education in India is to serve its true purpose, then it must have a content oriented towards serving India’s needs. But globalised capital would like the educated middle class, from which it employs its personnel, to be as alike everywhere as possible. Modi’s NEP is seeking to serve its needs.
Despite Mass Hunger, Modi Govt Keen to Divert Foodgrains
Foodgrains being used for ethanol production matter little for the US since it does not have to worry about mass hunger. But the Modi government, not to be outdone, has also announced an ambitious plan for shifting surplus grains to ethanol production.
Capitalism | Imperialism | India | Online Blog | People's movements | Socialism | USA | World Economy | World Politics
Mexico’s Move to Shunt out Neoliberal Agenda Holds Lessons for India
Alongside efforts to reclaim control over Mexico’s natural resources, the Lopez Obrador government is also planning to recapture control over its Central Bank.
Everything for Sale
Modi government’s peculiar agenda is to turn everything into a commodity – from vaccines, to historic landmarks, to basic services. Nothing is sacrosanct, nothing is hallowed, nothing transcends the market; everything is for sale.