India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
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.
Not only is the gig economy devastating its workers, but there are ongoing efforts to expand the model to nearly all American workplaces. It is estimated that 36 percent of the US workforce are gig, contract, freelance and temporary workers. And the numbers are only growing.
In the years following World War Two, as numerous direct colonies won formal independence, there was a widespread hope, that political independence would lead to significant economic progress. It didn’t happen, as the imperialists modified their techniques of exploitation.
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.
Address: D-15, Ganesh Prasad, Naushir Bharucha Marg, Mumbai- 400007.
Help us increase our readership.
If you are enjoying reading Janata Weekly,
DO FORWARD THE WEEKLY MAIL to your mailing list and
invite people to subscribe for FREE!