Tag: economics

DANIEL BLOCK: How the Facebook-Reliance combine and the farm laws pave the way for digital colonisation

In April 2020, Facebook purchased a 10-percent stake in Mukesh Ambani’s Reliance Jio, the telecommunications arm of the Reliance empire. In addition to dominating telecom, Reliance is the largest player in petrochemicals and in retail. When its latest acquisition is complete, the company will control 40 percent – a large plurality – of India’s organised groceries sector. That could… Read More DANIEL BLOCK: How the Facebook-Reliance combine and the farm laws pave the way for digital colonisation

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Michael Roberts: 1% own 45% of the world’s personal wealth while nearly 3bn people have little or none / Fouâd Oveisy: On the Authoritarian Turn of Global Capital

Just 56m or 1% of adults out of 5.3bn globally are millionaires in net wealth terms. And they own 45% of all global personal wealth. The other 99% own the rest and there are nearly 3bn people in the world that have little or no wealth at all (after debts are deducted). Every year I… Read More Michael Roberts: 1% own 45% of the world’s personal wealth while nearly 3bn people have little or none / Fouâd Oveisy: On the Authoritarian Turn of Global Capital

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Arun Kumar: Articles and discussions on COVID and impact, Global Corporate taxation and Academic Autonomy

Article on the US proposal for a common minimum tax on corporations and its likely benefits for India in The Hindu on April 27. It is attached here https://www.thehindu.com/opinion/op-ed/an-idea-on-taxation-that-is-worth-a-try/article34417756.ece  Panel discussion on reverse migration of workers during second coronavirus wave in India, organized by IMPRI on April 26. https://youtub.e/xopvAKaivV4   Article on fighting the second wave… Read More Arun Kumar: Articles and discussions on COVID and impact, Global Corporate taxation and Academic Autonomy

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Concentration of wealth in the hands of the 1% // The evolution of wealth inequalities over the last two centuries

Piketty’s Capital in the Twenty-First Century is an indispensable book for anyone interested in learning more about the unequal distribution of wealth in the world today. As I read this major 950-page study, which is supplemented by a large amount of statistical data and tables available on Internet), it became obvious that the Occupy Wall Street movement… Read More Concentration of wealth in the hands of the 1% // The evolution of wealth inequalities over the last two centuries

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Bill Gates is the biggest private owner of farmland in the United States. Why? By Nick Estes

Bill Gates’ achievement, according to the report, is that he’s largest private owner of farmland in the US. A 2018 purchase of 14,500 acres of prime eastern Washington farmland – which is traditional Yakama territory – for $171m helped him get that title. In total, Gates owns approximately 242,000 acres of farmland with assets totaling… Read More Bill Gates is the biggest private owner of farmland in the United States. Why? By Nick Estes

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SOPHIE KIDERLIN: The biggest banks have poured $3.8 trillion into fossil fuels since 2016. J P Morgan tops the list of contributors

NB: Anyone who still needs evidence that capitalism is the structural form of nihilism may reflect on these facts: DS    Banks funneled more money into fossil fuels in 2020 than in 2016, according to a report by the Rainforest Action Network. JPMorgan, Citi and Wells Fargo were the biggest financiers from 2016 to 2020. Funding of the companies… Read More SOPHIE KIDERLIN: The biggest banks have poured $3.8 trillion into fossil fuels since 2016. J P Morgan tops the list of contributors

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China’s relations with the African continent: Three elephants in the room. By Abdul-Gafar & Tobi Oshodi

How racism, the media and local realities could shape the future of migration between China and Africa    From the landmark $200m African Union secretariat building in Addis Ababa, Ethiopia, which is the meeting place of African leaders, which was a gift in 2012, to the roads, airports, railways, universities and libraries, China’s visibility in Africa’s infrastructural landscape is… Read More China’s relations with the African continent: Three elephants in the room. By Abdul-Gafar & Tobi Oshodi

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Surinder S. Jodhka: Changing Modes of Agriculture in Punjab

The Punjabi farmer has found it hard to escape the whirlpool of an ecologically unviable cropping pattern and its commercial entrapments created by the history of its past six decades.   Despite Punjab’s meagre size, the region has remained an important constituent in the self-imagination of the Indian nation. The imprints of Punjab’s agrarian economy and… Read More Surinder S. Jodhka: Changing Modes of Agriculture in Punjab

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Owen Jones: The planet cannot survive our remorseless pursuit of profit

Oil companies knew 50 years ago the huge damage they were doing. Their motive to ignore it is the same now as it was then. Capitalism is on a collision course with human life and the future of our planet. Each year, air pollution takes more lives than smoking: the last estimate suggests 8.8m deaths across the… Read More Owen Jones: The planet cannot survive our remorseless pursuit of profit

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Why Bitcoin is so bad for the planet – video explainer

In a year, bitcoin uses around the same about of electricity as the entire country of Norway. The digital currency is one that allows people to bypass banks and traditional payment methods. It is the most prominent among thousands of so-called cryptocurrencies and has been repeatedly reaching new records – but is it sustainable? The Guardian’s UK… Read More Why Bitcoin is so bad for the planet – video explainer

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