India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
Transcript of a conversation with two ancestors: Livio Rangel, a lifelong organizer and educator from Venezuela, and Joel Kovel from the USA, co-author of the Ecosocialist Manifesto. The conversation seeks to build a partnership in the belly of the beast with the revolutionary ecosocialist movements of the global South.
Debt payments are consuming more of government spending in poor countries when they were already struggling to provide education and health services. On average, the poorest countries spend just 3% of GDP on their most vulnerable citizens – compared with an average of 26% for other economies.
The World Bank says nearly 80% (560 million) of the 700 million people who were pushed into extreme poverty in 2020 due to COVID policies were from India. Globally, extreme poverty levels increased by 9.3 per cent in 2020.
“Big Companies Earned Over USD 1 Trillion of Profit in 2022, Says Joint Oxfam and Action Aid Study”. And: “World’s Richest Added $852 Billion to Their Fortunes in First Half of 2023”.
After Sri Lanka and Pakistan, Bangladesh has become the third country in our neighbourhood to become afflicted by a serious economic crisis.
A revolution from above has seized China’s financial sector, resulting in a number of purges, ruthless rectification of the most dubious segments of capital markets, and – most significantly – shifting operational leadership over the financial landscape from government bodies to the CCP’s Central Committee.
The importance of GDP growth as the gold standard, the ostensibly neutral measure of progress, reflects the interests of a ruling class. Challenging GDP should be a part of a broader project of psychological deprogramming and social deconstruction.
The prospect of the Chinese economy being a growth locomotive to lift the rest of the world from looming depression is virtually nil at this point. The massive BRI is mired in massive loans to countries unable to service the debt. Attempts to boost domestic China growth by relying on a consumer boom are also presently doomed.
Economist Michael Hudson discusses the collapse of four US banks in two months, giant JP Morgan Chase taking over First Republic Bank, and how government regulators are in bed with the bankers.
The mass uprising against French President Macron’s pension reforms has been historic. The undemocratic and repressive methods of the government have called into question the legitimacy of the Macron government and the French state. An interview with Sylvestre Jaffard about the dynamics.
Janata Weekly is India’s oldest independent socialist weekly.
Ever since its founding in 1946, Janata has voiced its principled dissent against all conduct and practice that is detrimental to the cherished values of nationalism, democracy, secularism and socialism, while upholding the integrity and the ethical norms of healthy journalism. For more than seventy years now, week after week, it has continued to analyse the changes taking place in the country and the world from a socialist standpoint, and thus promote the spread of socialist ideology in the country.
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