The Problem of External Debt
There is a massive problem of external debt building up for the third world.
The Mendacity of Modi Govt’s ‘Rescue Package’
Which other government would have passed off a slew of concessions to foreign and domestic monopolists as a “rescue package” for the people of the country?
Finance versus the People in the Era of the Pandemic
The COVID-19 crisis has brought to the fore the fundamental contradiction underlying contemporary globalisation, namely, the contradiction between the interests of finance and those of the people.
Some Basic Lessons from the Pandemic
Prabhat Patnaik, March 22, 2020 The coronavirus attack has so far been much less deadly than the Spanish flu of a century ago. That had affected 500 million people worldwide, about 27 per cent of the world’s population of the time, and had a death rate of about 10 per cent among those affected. (Estimates…
Economy Sliding into Stagnation
Prabhat Patnaik Changes in estimation methods have of late made statistics on the Indian economy increasingly bewildering; besides, whenever the statistics show the performance of the economy in a poor light, the BJP government simply suppresses them. Nothing however can suppress the fact that the Indian economy is sliding into a serious state of…