Climate, energy and natural resources
The US blockade against Cuba, like the genocide in Gaza, is a constant reminder of the egregious violence of the … Continue reading Climate, energy and natural resources
The US blockade against Cuba, like the genocide in Gaza, is a constant reminder of the egregious violence of the … Continue reading Climate, energy and natural resources
The US, which is preaching the virtues of free trade to the whole world, is itself going protectionist. Imagine a … Continue reading Free Trade Isn’t a Good Thing; It Creates Unemployment
Whether we take the macro picture or the results of the consumer expenditure surveys conducted by the NSS, the consistent … Continue reading Neo-Liberalism’s Promise of Milk and Honey a Mirage
The bigger presence of the RSS is a source of North India’s greater poverty and ignorance of people’s welfarism. In … Continue reading North-South: It’s southern welfare economy versus RSS highway economy
With the world economy stagnating, and exports of several Third World countries hit, the list of mendicant countries may grow, … Continue reading Why Export-led Growth’s Apparent Success can Vanish in a Jiffy
While handing over tax concessions to capitalists to ‘promote employment’, the Centre is not spending to fill the large number … Continue reading The Utter Absurdity of BJP Govt’s Take on Unemployment
A large number of European politicians have been on the payrolls of giant corporates of US origin. One of the … Continue reading Why Europe’s Political Leadership is Marinated in Globalised Capital
AgricultureFar from seeing doubled incomes, farmers are caught in the pincer of low unfair prices for their produce and ever … Continue reading Doubling Farmer’s Income: A Tale of Empty Promises, Deceit and Propaganda
Recent data has caused alarm amongst the ruling class, suggesting that inflation has become entrenched. In response, central bankers are … Continue reading Inflation and interest rates: ruling class prepares to impose pain
The latest news shows that the economy is once again taking a turn for the worse. The Eurozone is in … Continue reading 2023: another global recession is coming
This morning, banking shares fell rapidly – not only in the US and not just regional banks, but all over … Continue reading SVB collapse shows the fragility of the capitalist economy
“Capitalism’s defining class struggle has always been that between the employer and employee classes. And the victory of the latter … Continue reading The Social Changes We Need, the Class Obstacle We Face
The idea of a rent good, such as land mass, determining the long-run rate of growth of a capitalist economy, … Continue reading How Imperialism Ensures There Are no ‘Rent Goods’ for Capitalism
Conceding that US labour market resilience holds hope for the world economy, fundamentally runs counter to IMF’s own neoliberal push. … Continue reading Why IMF’s Take on Looming World Recession is Ironical
Innovation and economic retrogression Technological change in the form of the introduction of new processes and products is believed to … Continue reading Flawed idea
The yawning merchandise trade deficit is occurring not because of any economic boom but in the midst of creeping industrial … Continue reading Why India’s Balance of Payments is Headed for Hard Times
Nouriel Roubini is an interesting and unorthodox bourgeois economist. His main claim to fame is that he correctly predicted the … Continue reading Doctor Doom predicts “dark days” for capitalism
The path of zero growth and degrowth is more valid for highly industrialised countries which have gone through overgrowth, leading … Continue reading Sole emphasis on GDP growth is misguided policy
Inflation, that “problem” torturing capitalist economies these days, offers us the first example of such policies. At the end of … Continue reading Behind ‘Economic Policy’ Façade, It’s Class War
“As capitalism sinks into ever deeper trouble, it is time to topple false Gods as part of the process of … Continue reading The Truth About Markets, Pillar of Capitalist Ideology
Introduction In the preface to the first edition of volume one of Capital, dated July 25, 1867, Marx introduces the book’s … Continue reading Studying society for the working class: Marx’s first preface to “Capital”
While a lot of attention is being dedicated to the war in Ukraine, an equally important conflict is developing in … Continue reading China versus the United States in the Pacific – what does it mean for humanity?
“Where were the Marxists in 2008, when the demise of Lehman Brothers almost brought about the collapse of capitalism?” asks … Continue reading The Organic Crisis of Capitalism