A Frontal Attack on Labour in the Shadow of Hindutva
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A Frontal Attack on Labour in the Shadow of Hindutva

The class function of Hindutva is becoming clearer by the day. In the lee of Hindutva, the Modi government is embarking on a massive programme of privatisation of the public sector, and of attack on the working class. Such a programme could not have been launched under the “normal” circumstances of capitalist rule; it would…

The Human Cost Of Apple’s iPhone Manufacturing Process
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The Human Cost Of Apple’s iPhone Manufacturing Process

Tricontinental: Institute for Social Research It is not sufficient to know that workers are exploited, or to demand higher wages within a capitalist system: it is necessary to have a framework to understand more deeply the injustices that we see in places like Foxconn factories, where long workdays and unsafe working conditions are the norm….

The Root Problem is the Capitalist System
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The Root Problem is the Capitalist System

Text of Bolivian President Evo Morales’ speech to the United Nations General Assembly, September 24, 2019. Brother President of the United Nations General Assembly, Tijjani Muhammad Bande. Brother Secretary General of the United Nations, Antonio Guterres. Sisters and brothers Presidents, Chancellors and Delegates Sisters and brothers of the International Organizations and all the peoples of…

Why Aggregate Employment in India Is Shrinking
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Why Aggregate Employment in India Is Shrinking

One of the major promises on which the 2014 elections were won was massive job creation. Even after its stunning victory in 2019, primarily fought on the national security plank, among the first things the new Narendra Modi government did was to set up a cabinet committee to create jobs. How successful has it been?…

What the Centre Needs to Do if it Wants to Tackle the Economic Slowdown
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What the Centre Needs to Do if it Wants to Tackle the Economic Slowdown

Only a few weeks ago, the central government was talking grandly about India reaching a $5-trillion economy and refusing to recognise the severe slowdown India is going through. (This is not such a grand ambition when compared with China, which is often portrayed as India’s competitor, because by 2025, China’s economy is expected to achieve…

The Systemic Crisis of World Capitalism
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The Systemic Crisis of World Capitalism

The hallmark of a systemic, as distinct from a cyclical or sporadic, crisis of capitalism is that every effort to resolve the crisis within the broad confines of the system, defined in terms of its prevailing class configuration, only worsens the crisis. It is in this sense that neoliberal capitalism has now entered a systemic…

Public Sector Banks Cheated in Modi Years
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Public Sector Banks Cheated in Modi Years

One phenomenon common to the years of the Narendra Modi government and the current economic slowdown is bank frauds. According to the Reserve Bank of India’s annual report 2018–19, the total amount involved in bank frauds was to the tune of Rs 71,542.93 crore in 2018–19 as compared to Rs 41,167.04 crore in 2017–18, a…

Hardly the Brick and Mortar of a Revival
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Hardly the Brick and Mortar of a Revival

There is no longer any room for doubt on the parlous state of the Indian economy. The automobile industry, seen as a bellwether of activity in the post-liberalisation years, is in crisis, as automakers, parts manufacturers and dealers have laid off about 350,000 workers since April this year, with more job cuts likely. While this…

Gandhian Model of Economy and the Post Globalisation Scenario
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Gandhian Model of Economy and the Post Globalisation Scenario

On 20th August, 2019 Indian Express e-paper carried an unusual advertisement by the Northern India Textiles Mills Association about Indian Spinning Industry facing a huge crisis. The spinning mills are incurring huge loses, they are not in a position to buy Indian cotton, livelihood of 10 crores people, directly or indirectly, dependent on textile industry…