Indian Billionaires Increased Their Wealth by 35% During the Lockdown, Says Oxfam Report
Mukesh Ambani earned ₹90 cr. an hour during the pandemic when around 24% of people in India were earning under ₹3,000 a month, says the report.
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Economy | Online Blog | USA | World Politics
‘We’re Witnessing a Fundamental Political Realignment’: Mike Davis on the Crisis in the United States
In the wake of the deadly riot in Washington, DC, and with the presidential inauguration of Joe Biden just days away, Ben Hillier spoke to Mike Davis about the crises and transformations of US politics.
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Capitalism | China | Economy | Online Blog | World Economy | World Politics
China Cherishes Hanoi’s Nay to ‘Quad’
Vietnam has not bowed to American pressure to join the Quad. The result is that China and Vietnam’s economic relations have steadily prospered, and China is today Vietnam’s largest trading partner and the latter is China’s sixth biggest trading partner.
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India’s Staggering Unemployment Crisis
The pandemic is not responsible for the unemployment crisis in the country, it has only worsened it. An estimation of the extent of unemployment in the country before the pandemic struck.
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Misleading Economic Signals
Even while the real economy remains in contractionary mode, not only have stock market returns exploded, but India’s stock of foreign exchange reserves have registered record-breaking increases. Nevertheless, the economic crisis is all set to worsen.
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The Unraveling of a Script in Two Parts
The script of collaboration is in two parts. The first part was when V.D. Savarkar collaborated with the British as promised by him in his mercy petitions from jail; the second part is more recent – BJP’s collaboration with big business.
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Marx on Exploitation: an ABC for an Unequal World
Exploitation begins with the terms on which workers sell their labour power to capital. Marx saw that 140 years ago, and it hasn’t changed since.
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World Bank and IMF: 76 Years Is Enough! Abolition!
The author makes an assessment of the World Bank and its alter ego the IMF and proposes to abolish them as well as the WTO in order to replace them with other global and democratic institutions.
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A Month On, Farmers Movement Remains Resolute
A collection of articles and news snippets on the farmers’ movement against the three farm laws, that continues to spread and intensify across the country. The farmers have also given a call to boycott Ambani-Adani products.
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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.
