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.
Utter Disgrace! Modi Sarkar Refuses Hike in Rs 200 Monthly Old Age Pension
The government’s brazen class bias is crystal clear, as it gives away national assets built with public money to its favourite capitalists, together with tax breaks.
Neo-liberalism and Nationhood
There are crucial differences between the anti-colonial nationalism of the third world countries and European bourgeois nationalism. That is why the third world countries adopted a dirigeste capitalist development strategy, that insulated peasant agriculture from domestic and foreign capitalists. Neoliberalism is undermining this.
Why Neoliberalism Needs Neofascists
The neofascist assault on democracy is a last-ditch effort on the part of neoliberal capitalism to rescue itself from crisis. The only solution is a decisive retreat from globalized finance.