Raghuram Rajan Says Capitalism is ‘Under Serious Threat’

Raghuram Rajan Says Capitalism is ‘Under Serious Threat’ Former RBI governor Raghuram Rajan on Tuesday warned that capitalism is under “serious threat” of a “revolt” as the economic and political system has stopped providing for the people, especially after the 2008 global financial meltdown.   Mr. Rajan, now a professor at the University of Chicago,…

Gandhian Engagement with Capital

Gandhian Engagement with Capital These days, much is being written and spoken about Gandhi’s thoughts. However, I have a feeling that very little space is given to  his economic views. Recently, Chaitra Redkar, HoD, Political Science at SNDT University, Mumbai has contributed a wonderful book on this subject, Gandhian Engagement with Capital: Perspectives of J.C….

The Yellow Vest Movement

The Yellow Vest Movement Nothing shows the crisis of neoliberal capitalism more clearly than the popular uprising in France that is occurring under the banner of the “Yellow Vest” movement. Thousands are congregating in Paris over week-ends to protest against the intolerable burdens being imposed upon them in the name of “austerity” and to demand…

Neo-Liberalism and the Diffusion of Development

Neo-Liberalism and the Diffusion of Development The level of economic activity under capitalism is subject to prolonged ebbs and flows. When the economy is on an upswing, this very fact acts as an elixir that emboldens capitalists, who begin to expect that the “good times” are going to continue; this makes them less worried about…

Climate Activists Take Civil Disobedience World-Wide

Climate Activists Take Civil Disobedience World-Wide Chloé Farand     More than 100 people were arrested during a week of action across the UK as protesters demanded the government treat the threats posed by climate change as a crisis and take drastic steps to cut emissions to net zero by 2025.   Thousands of people…

Bernie Sanders to Launch International Progressive Front Against the Far-Right

Bernie Sanders to Launch International Progressive Front Against the Far-Right United States Left-leaning politician Bernie Sanders, and former Greek finance minister, Yanis Varoufakis have announced the formation of an international progressive movement. The initiative, announced in October, is set to combat the rise of an “authoritarian axis” and “The Movement,” a far-right nationalist front with…

Why are Thousands of Hondurans Walking Towards the US Border?

Why are Thousands of Hondurans Walking Towards the US Border? For the thousands of Hondurans who are part of a migrant caravan proceeding towards the United States, the recent comments by US president Donald Trump were yet another instance of the persecution they have faced while trying to escape horrible living conditions. On Monday, Trump…

Ambedkar and Capitalism

Ambedkar and Capitalism Prof Anand Teltumbde’s two-part article, “Babasaheb Ambedkar and Neo-Liberal Economic Reforms” that appeared in the September 30 and October 7 issues of Janata were a necessary rebuttal to those who are fraudulently using Dr Babasaheb Ambedkar’s name and aura to promote an economic model which he despised. I would like to give…

India’s Private Banks and Private Investors: False Theory, Dangerous Consequences

India’s Private Banks and Private Investors: False Theory, Dangerous Consequences India’s private sector banks were held up for years as the standard of efficency and corporate governance to which public sector banks should aspire. But now it emerges that private bank after private bank has in fact been harbouring bad debts, fudged accounts, engaged in…