Tag: economics

Things are not going to get better as long as oligarchs rule the roost in our democracies

The history of many centuries, including our own, shows that the default state of politics is not redistribution and general welfare, but a spiral of accumulation by the very rich, the extreme exploitation of labour, the seizure of common resources and exaction of rent for their use, extortion, coercion and violence. Normal is a society in which… Read More Things are not going to get better as long as oligarchs rule the roost in our democracies

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Elizabeth Humphrys: Anti-politics and the illusions of neoliberalism

First posted March 10, 2015 The latest issue of Oxford Left Review has a number of engaging articles on the nature and consequences of neoliberalism. Neil Davidson from the University of Glasgow examines the changing social base of neoliberalism, where he explores the shift from vanguard to ‘social’ neoliberalism and the relationship of the latter to the middle… Read More Elizabeth Humphrys: Anti-politics and the illusions of neoliberalism

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MONEY TO BURN: Over 300 banks and investors back 6 of the world’s most harmful agribusinesses to the tune of $44bn

First posted December 15, 2019 Barclays, HSBC and Santander among names behind companies implicated in rainforest destruction Goldman Sachs, JPMorgan, Bank of America and Morgan Stanley also among key financiers. The burning of the Brazilian Amazon this summer illustrated in the most graphic way possible humanity’s war on the planet. But such scenes play out… Read More MONEY TO BURN: Over 300 banks and investors back 6 of the world’s most harmful agribusinesses to the tune of $44bn

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Arun Kumar: Articles, talks & discussions on aspects of the economy

1.      Interview on Economic situation and policy changes required. Jan Chowk June 19. It is at: https://www.youtube.com/live/p8_PXswKwlo?si=KrNqNc2yYNeAfXbQ 2.     Article on Policy Change needed post election results to avoid instability. The Wire, June 15. It is at: https://thewire.in/politics/narendra-modi-policy-change-election-results-2024 3.      Article on what is a mandate and what is it in 2024?. The Leaflet June 11. It is at: https://theleaflet.in/general-elections-2024-what-is-the-mandate/ 4.     Federalism article: Centre is… Read More Arun Kumar: Articles, talks & discussions on aspects of the economy

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New World Order?

Kate Mackenzie, Tim Sahay We live in a dysfunctional system in which money flows out of the countries that need it most and into the coffers of the wealthiest. In 2023, the private sector collected $68 billion more in interest and principal repayments than it lent to the developing world. International financial institutions and assistance agencies… Read More New World Order?

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‘The big story of the 21st century.’ Is this the most shocking documentary of the year?

Six years in the making, jaw-dropping new film The Grab shows a secret scramble by governments and private firms to buy up global resources…‘There’s no doctrine for what we’re going through right now. It’s just capitalism’. : what oil was to the 20th century, food and water will be to the 21st – precious, geopolitically… Read More ‘The big story of the 21st century.’ Is this the most shocking documentary of the year?

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Underdevelopment and War

Dependency, neocolonialism, and the agrarian problem in Colombia Sandra Jaramillo Restrepo In the 1960s and ‘70s, the Colombian national government embarked on an ambitious agrarian reform program to address poverty in the increasingly violent countryside. Under the bipartisan project of the National Front, which alternated power between the Conservative and Liberal parties, these efforts sparked… Read More Underdevelopment and War

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The Current Hegemony (criminality as policy)

Kannan Srinivasan in New York Even as colonialism & formal empire were abandoned, two key policies enabled the continued transfer of global wealth to the West. By the first, the US allowed Britain to effectively default <https://thewire.in/banking/how-india-paid-to-create-the-london-of-today&gt; on its wartime debt to India (including Pakistan) & Egypt of money owed for exports to the United… Read More The Current Hegemony (criminality as policy)

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Economic inequality in India: ‘billionaire raj’ is now more unequal than British colonial rule

WORLD INEQUALITY DATABASE Given its geographic size and population, now the largest in the world, the distribution of economic growth in India has significant implications for global inequality dynamics. This underscores the importance of accurately measuring income and wealth inequality in India. In this paper, Nitin Kumar Bharti, Lucas Chancel, Thomas Piketty, and Anmol Somanchi… Read More Economic inequality in India: ‘billionaire raj’ is now more unequal than British colonial rule

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