India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
Prabhat Patnaik Changes in estimation methods have of late made statistics on the Indian economy increasingly bewildering; besides, whenever the statistics show the performance of the economy in a poor light, the BJP government simply suppresses them. Nothing however can suppress the fact that the Indian economy is sliding into a serious state of…
Eric Toussaint Over the last ten years Greece has been a prime example of how a country and a people can be deprived of their liberty through clearly illegitimate debt. Since the 19th century, from Latin America to China, Haiti, Greece, Tunisia, Egypt and the Ottoman Empire public debt has been used as a…
Prabhat Patnaik It is in the nature of capitalism to have “over-production crises”, i.e., crises arising from “over-production” relative to demand. “Over-production” does not mean that more and more goods keep getting produced relative to demand, so that unsold stocks keep piling up. This may happen only for a brief period in the beginning;…
Jason Hickel In my research I have argued that rising global inequality is driven in large part by power imbalances in the global economy, in that rich countries have disproportionate influence when it comes to setting the rules of international trade and finance. Nowhere is this problem more apparent than when it comes…
Alan MacLeod January 21, 2020: Nationwide protests against the government of Emanuel Macron entered their seventh continuous week today in France, as between 187,000 (a government estimate) and 250,000 people (the unions’ count) took to the streets to oppose Macron’s plans to radically alter the country’s pension plan, seen by many as the crown…
Jake Johnson The 500 richest people in the world, all of whom are billionaires, gained a combined $1.2 trillion in wealth in 2019, further exacerbating inequities that have not been seen since the late 1920s. That’s according to a new Bloomberg analysis published last week, which found that the planet’s 500 richest people…
Harry Magdoff Probably the passage in the Communist Manifesto most frequently cited these days is a portrayal of the global spread of capitalism: “All old-established national industries have been destroyed or are being destroyed. They are dislodged by new industries, whose introduction becomes a life and death question for all nations, by industries…
Julia Conley Lawmakers in Kansas City, Missouri took a “visionary step” on December 5, 2019 by unanimously voting to make public transportation in the city free of charge, setting the stage for it to be the first major US city to have free public transit. The Kansas City Council voted to direct the…
Jacky Muniello and Soy Migrante interview Prabhat Patnaik Hegemony of Global Finance What is your first impression about the ‘trade wars’ initiated by Trump? Is this a serious policy shift or is there something else that we need to be aware of? I believe that the whole discussion …
Peter Koenig The west has colonized, exploited, ravaged and assassinated the people of the Global South for hundreds of years. Up to the mid-20th Century Europe has occupied Africa, and large parts of Asia. In Latin America, though much of the sub-Continent was “freed” from Spain and Portugal in the 19th Century…
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