Madhu Sudan Chatterjee The word ’Sir’ in some areas of West Bengal represents officers of microfinance institutions (MFIs) who come to collect money from low-income families. If these families cannot pay, they are allegedly met with continued threats. In some ways, this was depicted in a 2017 movie by Nila Madhab Panda called ’Kadvi Hawa’.… Read More Microfinance Institutions in West Bengal: A Death Trap?
NB: This is an excellent portal for regular political/economic commentary on world affairs. This one has many essays on South Asia. The generalised implosion of political institutions is a symptom of the endemic unsustainability of global capitalism. Unfortunately this state of affairs will continue (ie the ruling establishments will carry on with their ‘austerity economics’; violent… Read More CADTM-Newsletter: Indian labourers, France’s mobilisations, Illegitimate debts, Vulture funds…
Pakistan is facing one of the worst economic and political crises at present. The political crisis is best manifested by the fact that almost half the members of the National Assembly (the lower house of the parliament) have resigned, while two of the four provincial parliaments were dissolved a year before the elections otherwise due… Read More Pakistan Collapsing
Helena Horton Microbes that can digest plastics at low temperatures have been discovered by scientists in the Alps and the Arctic, which could be a valuable tool in recycling. Many microorganisms that can do this have already been found, but they can usually only work at temperatures above 30C (86F). This means that using them… Read More Microbes discovered that can digest plastics at low temperatures
John Naughton Dearly beloved, we are gathered here today to remember the metaverse, which was quietly laid to rest a few weeks ago by its grieving adoptive parent, one Mark Zuckerberg. Those of you with long memories will remember how, in October 2021, Zuck (as he is known to his friends) excitedly announced the arrival of his… Read More A moment’s silence, please, for the death of Mark Zuckerberg’s metaverse
By Brad Wolf / Common Dreams The senseless slaughter of World War I began with the murder of a single man, a Crown Prince of a European empire whose name no one was particularly familiar with at the time. Archduke Franz Ferdinand Carl Ludwig Joseph Maria was the presumptive heir to the Austrian-Hungarian empire in June of 1914.… Read More War for Profit: A Very Short History
First posted June 28, 2019. Reposted in memory of MayDay The majority of people on this planet labour in the informal economy, or are subject to labour relations that are greatly informalised. According to the International Labour Oganisation, 85.8% of total employment in Africa, 71.4% in Asia and the Pacific, 68.6% in the Arab States… Read More Alessandra Mezzadri: Informal labour, the majority world and the need for inclusive theories and politics
Nicole Goodkind, CNN Banks have pledged to go green, but last year they poured billions of dollars into expanding the capacity of fossil fuel production despite the accelerating climate crisis. Banks provided $673 billion to finance the fossil fuel industry last year, even as oil and gas companies made $4 trillion in profits, according to the annual Banking on… Read More The world’s biggest banks are still pouring money into fossil fuels
A thorough dissection of America’s capitalist mythology reveals the sham to which lots of people continue to subscribe, despite growing nationwide suffering. Much of what is now a core part of the American psyche is a series of get-rich-quick schemes passed off as meritocratic necessities within a capitalist society. Key words and phrases like “the… Read More It’s Called the American Dream Because You Have To Be Asleep to Believe It
by J. BRADFORD DELONG Interpreting politics through the rise of technocracy, morality, and the “web of capital” NB: A thought provoking but to my mind flawed analysis. Our world is run according to the poltical theory of Carl Schmitt, moral principles are subjugated by power; the rule of law replaced by the rule of ideology; and… Read More The Modern World Reconceived
After the truth-shower 