Why Even Capitalists are Now Pitching for Cash Transfers
The absurdity of conservative economic policy leading to shortage of people’s purchasing power is now becoming clear, even to capitalists, though not to Modi government.
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Property Rights and Pandemic Deaths
The only way that the coronavirus can be checked is through universal vaccination of the entire global population. What is blocking this is the intellectual property right of a few multinational drug companies. Plus: AIPSN Statement Urges Govt to Expand Public and Private Sector COVID-19 Vaccine Production.
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Modi Govt and Its Lack of Concern for the Working Class
While there have been measures of universal support in the US following the pandemic, i.e. to every household, no such measures have been adopted in India despite the pleadings of a host of economists, civil society organisations, and political parties.
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Government Plan to Privatise Public Sector Undertakings May Just Help Corporates Get Richer
The government’s plan to privatise Public Sector Undertakings makes no economic sense as it will just help crony capitalists.
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Biden’s Rescue Package
Biden’s relief package comes to almost 10% of US GDP; this comes on top of a similar package announced by Trump earlier. It not only represents a jump in social expenditure, it is primarily being financed by taxing the rich. A sharp difference from what has been done by Modi in India.
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Government’s Timidity in Handling Fiscal Deficit Post- Pandemic has Added to Workers Woes
The government did not give out relief packages in order to avoid stretching beyond its fiscal deficit limit, because it would have been frowned upon by global finance.
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Why are People Going Hungry if India has Surplus Foodgrain Stocks?
A country that ranks 94 among 107 countries in the Global Hunger Index can’t be said to be self-sufficient in foodgrains. The surplus stocks are due to shortage of purchasing power in peoples’ hands.
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A Matter of Survival of the Peasantry
Till now there was an arrangement in the country under which, even though agriculture was crumbling under the impact of neo-liberalism, the peasantry was kept alive. The three laws brought in by the Modi government are meant to remove this life-line altogether.
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Countering the Corporate – Hindutva Narrative on the Nation
The entire practice of the kisan agitation constitutes an emphatic rejection of the ‘nationalism’ propagated by the corporate-Hindutva alliance, and a recovery of the real nationalism that underlay the anti-colonial struggle and provided the foundation for free India.
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Capitalism and Inheritance
The acquisition of property through inheritance is contrary to the bourgeois justification for capitalist property, and so imposition of inheritance tax is perfectly justified. This is why most capitalist countries have high inheritance taxes.
