By Katrin Bennhold He has inspired MAGA culture warriors in America and nationalist populists in Europe. But after 16 years in power, Viktor Orban conceded defeat. The main reason was the abysmal state of the Hungarian economy. Once the darling of foreign investors after the Cold War, Hungary is now one of the poorest countries in… Read More Orban and the populist paradox
These companies now own everything from nurseries to care homes, squeezing vital services for profit while we foot the bill… As a style of ownership, private equity resembles the opposite of democracy. It concentrates power among a small group of exceptionally wealthy dealmakers who reap the benefits of society’s failure to hold them accountable. It’s no surprise… Read More Capitalism’s endgame: private equity – it has captured our everyday lives
Universities in Britain rely on overseas applicants paying full fees, which has given rise to some unscrupulous recruiters and left many hopefuls and their families deep in debt Samira Shackle hen Sam started looking into studying abroad, it didn’t take long for his phone to start ringing. At 24, he was living with his parents… Read More ‘I see it as trafficking’: the brutal reality of life as a foreign student in the UK
Oil has empowered capitalism, and some of the world’s most exploitative regimes. Move away from it and we can solve some of the key issues we face George Monbiot Irealise this is a serious breach of etiquette. But could we perhaps abandon good manners and contextualise Donald Trump’s attack on Iran? The intense western interest in… Read More We need to be honest about Iran – and how our rampant greed for oil is causing mayhem
The US-Israel war on Iran marks the decline of the Modi era. These years have shown, at immense cost, what happens when a leader confuses personal brand-building with nation-building. Sushant Singh THE US-ISRAEL WAR ON Iran has exposed, across the board, the limits of state capacity and the hollowness of carefully crafted images. Amid this escalating… Read More The Tides have Turned
Christopher Caldwell Having Donald Trump as President probably resembles being a heroin addict: you undergo regular episodes of sweating terror and mortal danger, the end result of which is to get you – at best – back to normal. A year ago, the Liberation Day tariffs nearly caused the American economy to seize up, before… Read More The end of Trumpism
Pranjali Bandhu A stalwart of India’s freedom movement, Gandhian economic philosopher, pioneer in the development of village and cottage industries and advocate of a decentralised, localised economy of permanence and freedom, it is unfortunate that J C Kumarappa (1892-1960) remains practically unknown to the present generation of Indians. The reasons for this are many, but… Read More J C Kumarappa’s Concept of an Economy of Permanence
Adam Tooze from Chartbook How World War II forged a liberal (Keynesian) view of government in the United States – Alan Brinkley’s classic account Alvin hansen had been one of the principal economic advisers to the New Deal for nearly three years when he traveled to Cincinnati in March 1940 to speak to a group… Read More Alan Brinkley on World War II and American Keynesianism
Indian media estimate the deals could total $10 billion and are expected to focus on air defense systems against missiles and drones. ‘The mini-war with Pakistan last year led to a shift. India woke up’ Hagai Amit In July 2017, when Indian Prime Minister Narendra Modi made his first visit to Israel, he and Prime… Read More The Multibillion-dollar Arms Deals Driving India’s Modi’s Visit to Israel
Capitalism cares about our species’ prospects as much as a wolf cares about a lamb’s. But democratise our economy and a better world is within our grasp Jason Hickel and Yanis Varoufakis We have an urgent responsibility. Our existing economic system is incapable of addressing the social and ecological crises we face in the 21st century. When… Read More We can move beyond the capitalist model and save the climate – here are the first three steps
After the truth-shower 