India’s Economic Crisis Took Their Jobs and Careers – and the ‘Recovery’ Hasn’t Brought Them Back
Contrary to the government’s claims of an economic recovery, millions of young Indians laid off last year remain jobless.
Oxfam Report Shows Combined Pandemic Wealth of Richest 10 People Could Pay to Vaccinate Entire World
The world’s ten richest men, says an Oxfam report, have seen their combined wealth increase by half a trillion dollars since the pandemic began—more than enough to pay for a COVID-19 vaccine for everyone and to ensure no one is pushed into poverty by the pandemic.
The Consequences of Inequality Can Be Fatal
Capitalism, as Thomas Piketty’s Capital in the Twenty-First Century shows, relentlessly worsens wealth and income inequalities. Unequal economic distributions finance unequal political, social, cultural and “natural” outcomes.
Indian Billionaires Increased Their Wealth by 35% During the Lockdown, Says Oxfam Report
Mukesh Ambani earned ₹90 cr. an hour during the pandemic when around 24% of people in India were earning under ₹3,000 a month, says the report.
When Bolivians Defeated U.S. Imperialism with Democracy
After a year of struggle against the US-backed coup regime, Bolivians finally restored democracy. The new government immediately began measures to alleviate the socio-economic crisis caused by the COVID-19 pandemic and its mismanagement by the Áñez government.
India’s Poor are Eating into Their Savings, Thanks to High Inflation and COVID-19
Rising inflation is forcing millions of households in India to cut back on food and dip into their savings for essentials. This could wipe out gross household savings, hampering future economic recovery because households would have no money to spend.
India’s Staggering Unemployment Crisis
The pandemic is not responsible for the unemployment crisis in the country, it has only worsened it. An estimation of the extent of unemployment in the country before the pandemic struck.
Government’s Timidity in Handling Fiscal Deficit Post- Pandemic has Added to Workers Woes
The government did not give out relief packages in order to avoid stretching beyond its fiscal deficit limit, because it would have been frowned upon by global finance.
Marx on Exploitation: an ABC for an Unequal World
Exploitation begins with the terms on which workers sell their labour power to capital. Marx saw that 140 years ago, and it hasn’t changed since.
Support the Struggle of the Farmers: It Is Our Struggle Too – Part 2
The struggle against neoliberal reforms in agriculture would not only make farming sustainable and profitable, it would also lead to the creation of crores of jobs in agriculture. Therefore, the struggle of the farmers is closely connected to the struggle of the youth for adequate means of livelihood.