If a Private Player Can Revive a PSU, Why Can’t Govt?
| |

If a Private Player Can Revive a PSU, Why Can’t Govt?

Prabhat Patnaik   (This is the second part of an article on the perversity of the neo-liberal fiscal regime. The first part of this article was published in the previous issue of Janata.)   Apart from defrauding the states of their legitimate share of resources, the second way in which the Centre is attempting to…

‘Let’s Do This Everywhere’
| | |

‘Let’s Do This Everywhere’

Julia Conley   Lawmakers in Kansas City, Missouri took a “visionary step” on December 5, 2019 by unanimously voting to make public transportation in the city free of charge, setting the stage for it to be the first major US city to have free public transit.   The Kansas City Council voted to direct the…

Telecom: License-to-Loot Raj
| |

Telecom: License-to-Loot Raj

Prabir Purkayastha   The major private operators in the telecom sector, along with the state-run ones, are currently reeling under a three-year price war with Reliance Jio. This has hit their profitability hard, with Jio buying its entry into the market with very low call and data charges, what others have termed as predatory pricing….

Neo-Liberal Regime’s Perversity
| |

Neo-Liberal Regime’s Perversity

Prabhat Patnaik   When income growth slows down in an economy, so does the growth of tax revenue within the given tax regime. Since the government has certain expenditure obligations, to meet these obligations it has to either impose additional taxes or expand its fiscal deficit.   Enlarging the fiscal deficit in such a situation,…

AIKSCC’s Call for Grameen Bharat Bandh on 8 January 2020
| |

AIKSCC’s Call for Grameen Bharat Bandh on 8 January 2020

Press Release   The All India Kisan Sangharsh Coordination Committee (AIKSCC), a platform of more than 250 farmer organisations, at its national convention in Delhi on 29–30 November 2019 gave a call for a Grameen Bharat Bandh on January 8, 2020, to protest the anti-farmer policies being adopted by governments.   Demands of Farmers  …

The Imperialism of Finance Capital and ‘Trade Wars’
| | |

The Imperialism of Finance Capital and ‘Trade Wars’

Jacky Muniello and Soy Migrante interview Prabhat Patnaik   Hegemony of Global Finance   What is your first impression about the ‘trade wars’ initiated by Trump? Is this a serious policy shift or is there something else that we need to be aware of?   I    believe    that the    whole discussion   …

China Breaks the Western Debt Stranglehold on the World
| | |

China Breaks the Western Debt Stranglehold on the World

Peter Koenig    The west has colonized, exploited, ravaged and assassinated the people of the Global South for hundreds of years.   Up to the mid-20th Century Europe has occupied Africa, and large parts of Asia.   In Latin America, though much of the sub-Continent was “freed” from Spain and Portugal in the 19th Century…

New IR Code Bill: Another Nail in the Coffin
| |

New IR Code Bill: Another Nail in the Coffin

Ronak Chhabra   After introducing starvation-level wages and removing protections available to the workers, the next target of the labour law codification is the trade unions and the industrial action. To tame the former and dismantle almost every possibility of the latter seems to be the objective of the reforms. This is how Prime Minister…

New Industrial Relations Law: Farewell to Job Security
| |

New Industrial Relations Law: Farewell to Job Security

Subodh Varma   Silently, indeed clandestinely, a major change has been brought about in the relations between employers and employees. This will affect not just crores of employees of all types—private or public sector, in industries or in services—but also future generations. Jobs are no longer going to be the same again, ever.   On…

Nobel Economist Calls for Ending Obsession With GDP
| | |

Nobel Economist Calls for Ending Obsession With GDP

Jon Queally   Nobel Prize winning economist Joseph Stiglitz is warning the world that unless the obsession many world leaders have with gross national product (GDP) comes to end, there will be little chance of adequately fighting back against the triple-threat of climate destruction, the scourge of financial inequality, and the crises of democracy now…