Capital Flight From Emerging Markets and its Fallout
The recent exit of portfolio capital from emerging markets exposes the vulnerabilities of the cheap money policies followed by developed countries.
India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
The recent exit of portfolio capital from emerging markets exposes the vulnerabilities of the cheap money policies followed by developed countries.
With no national force with the vision and power to offer an emancipatory alternative to the poisonous politics, sometimes with fascist elements, that turns neighbors against each other, the country is on a knife edge.
We live in a time when it’s become a boring cliché to say that democracy is under attack. It seems that things get bleaker every year, so much so that it can be difficult to have any hope at all. There is, however, at least one glimmer of hope for democracy: a renascent labor movement.
I find the best way to understand what happened in Xinjiang is to contrast it with Afghanistan. Why? Because they’re neighboring regions that faced very similar problems to which very different solutions were applied, with ultimately very different outcomes.
As we celebrate the birth centenary of Tukaram (Annabhau Sathe) we not only see the relevance of his writings at that time but even today.
Rachakonda Viswanatha Sastri (Raavi Sastri) (30 July 1922 – 10 November 1993), India’s Gorky, was a great Telugu writer whose birth centenary celebrations are presently going on in Telugu states. Reviewing the works of Ravisastri is like doing a social audit, said one judge.
Unproductive finance has been creeping into the Indian economy. The consequences are the aborting of the circuits of money and production and the employment of labor. The way forward is for the working class to lay claim to the mode and relations of production through socialist, secular, democratic means.
The growth at any cost strategy has been at the expense of the workers and the environment. The situation has been aggravated by the recent policy mistakes – demonetization, flawed GST and sudden lockdown. The challenge before India is not just economic but societal. Unless that challenge is met, portents are not bright for India at 75.
Actually Yes! There are amyriad studies from around the world showing that organic farms can produce about as much, and in some settings much more, than conventional farms.
The high level of killing often reported in history or later archaeology is contradicted in the earliest archaeological findings around the globe. The most ancient bones and artifacts are consistent with the title of Margaret Mead’s 1940 article: “Warfare Is Only an Invention—Not a Biological Necessity.”
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