Fiscal Stringency in a Time of Pandemic
The Centre’s unjustifiable conservative fiscal stance has continued, worsening the impact of the health emergency and imposing long-term costs on the people.
India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
The Centre’s unjustifiable conservative fiscal stance has continued, worsening the impact of the health emergency and imposing long-term costs on the people.
On January 10, 2022, National Security Advisor of Pakistan, Moeed Yusuf, admitted that the country does not have any financial independence, being dependent on loans from International Monetary Fund (IMF) and other foreign organizations.
Over the past 20 years, U.S. and allied air forces have dropped over 337,000 bombs and missiles on other countries. That is an average of 46 strikes per day for 20 years.
In America today if you poison and kill your wife to make $150,000 in life insurance money, you’ll probably end up in prison. But if you poison and kill hundreds of thousands of people so you can take home a multi-million-dollar paycheck, you get to buy a new yacht.
In 1936, John Maynard Keynes had stated: “When the capital development of a country becomes a byproduct of the activities of a casino, the job is likely to be ill-done.” Today these words sound prophetic, as they have been fully realized not only in the United States but in the whole world.
The ever-growing conflict between ecology and capitalism reflects the startling degree to which profit-making has become the primary and most powerful connection between human beings and between human beings and nature.
The vast majority of ‘COVID deaths’ are people with serious, ongoing health conditions. And a lot of these health-related problems can be traced back to modern farming methods and how food is cultivated, not least the toxic agrochemicals used.
In October 2021, the United Nations Development Programme released a report that received barely any attention: the Global Multidimensional Poverty Index 2021. The report found that 1.3 billion – one in five people – live in multidimensional poverty.
Putin and Xi have agreed to create an “independent financial structure for trade operations that could not be influenced by other countries.” This may be announced by a joint summit before the end of 2022. This is a stunning game-changer in more ways than one.
President Ortega of Nicaragua has demonstrated through his continued victories, and through his forming of new alliances with countries like China, that times have changed; that it is now the US, with its crumbling empire, which must watch on the sidelines as countries like tiny Nicaragua chart their own futures.
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