India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
In the absence of official data, an analysis of CMIE data reveals that: employment opportunities are persistently low, available jobs are low paying and with no job security, the working population constantly shifts from one job to another in search of sustenance.
We’re not living in a time of insufficiency, but in a golden age of plenty amid grotesque poverty, of abundance amid unbearable forms of abandonment.
For decades, the U.S. dollar was the undisputed king of global currencies, but now dramatic changes are happening. Much of the planet is preparing for a future in which the U.S. dollar will be far less important than it is right now.
So is it all over? Well, it ain’t over til it’s over. The latest Fed data from show that U.S. banks lost $100bn in deposits in one week. Since the crisis started three weeks ago, while the large U.S. banks have added $67bn, the small banks have lost $120bn and foreign-owned banks $45bn.
Millions of French workers took to the streets in protest as the country was brought to a standstill in a “citizens’ insurrection” over the government’s attack on pension schemes. On February 1, the UK came the closest it has come in a generation to a general strike.
Its policies facilitate the upward distribution of wealth, regardless of human and environmental cost.
The IMF managing director Kristalina Georgieva has now openly admitted that the year 2023 will witness the slowing down of the world economy to a point where as much as one-third of it will see an actual contraction in gross domestic product.
Oxfam study shows extreme wealth and extreme poverty are increasing simultaneously, worldwide.
The IMF claims that it is supporting biodiversity, as its economists are able to measure the monetary value of an elephant and the value of a whale. The ruling class might be able to calculate those values, but it is clear that they are unwilling to foot the bill to save the planet.
A company run by Asia’s richest man, Gautam Adani, is strip-mining tribal lands for fossil fuels. Forest-dwellers are fighting back.
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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