One of the revelations of this young Trump term has been the embarrassing servility of America’s European allies. It has fallen to China by a kind of default to restore geopolitical equilibrium Mukul Kesavan The economically illiterate reader (like me) browsing the headlines about Donald Trump’s tariffs looks to borrow the opinions of his betters.… Read More In China’s debt
It won’t matter how successful Starlink is in India, unless Donald Trump finds markets for agricultural exports in India and elsewhere, or creates millions of new jobs in manufacturing. Till then, the tariff pressure on India will continue. Bharat Bhushan To demonstrate their alignment with US geopolitical and economic interests many countries are hoping to… Read More Starlink Deal: India’s goodwill hunting may be completely off the mark
By Lewis Krauskopf and Saqib Iqbal Ahmed S&P 500 down over 8% from Feb 19 all-time high Nasdaq confirmed 10% correction from its Dec peak last week S&P 500 P/E moderates but still high vs historical average Delta Air Lines cuts forecast on growing economic uncertainty Tesla loses more than $125 bln in value in one day NEW… Read More US stock market loses $4 trillion in value as Trump plows ahead on tariffs
Starts August 2025 – Apply by 30th April Today the way our knowledge system is set up, it is possible for a city bred person to go through school and then higher education followed by a doctorate in a subject like economics from the most reputable institutions in India and abroad and subsequently become influential… Read More Pagdandi Fellowship 2025-‘26
Costs of War Project at Brown University indicated that the “war on terror” persisted on several continents. “The war continues in over 80 countries,” said Catherine Lutz, the project’s co-director. The war’s cost to taxpayers, the project estimated, was already at least $8 trillion…. Supplementing the automatic $3.8 billion in annual U.S. military aid to Israel, special new… Read More Norman Solomon: How the Warfare State Paved the Way for a Trumpist Autocracy
Jairus Banaji I’ve divided this presentation into four distinct parts.[1] A shorthand description of these might be Conventional narratives of capitalist origins Commercial capitalism as a better alternative Modern capitalism, and Capital & the peasantry Imagine these themes as chapters to a book called Introduction to a History of Capitalism. So, what this talk sets out to… Read More Retotalising Capitalism: A Very Short Introduction to its History
Whether in electoral rhetoric or in the most high profile Supreme Court cases or in public policy, the word on everyone’s lips is Development. Punjab’s labour laws have been proposed to be reformed for– Development. Schools are being set up and strengthened for– Development. Building regulations are being changed so that rural areas and urban… Read More The Idea of Development: A Conversation in Chandigarh
Gareth Dale Hungarian social theorist Karl Polanyi is best known for his exploration of the collapse of liberal institutions that occurred between 1914 and 1945. His book, The Great Transformation, traces the catastrophes of those decades to the globalisation of market liberalism. In his view, the attempt by liberal social engineers to establish a “self-regulated” market… Read More The Great Transformation by Karl Polanyi is a classic critique of capitalism – but it wasn’t an overnight success
South Africa and the internationalization of mineral extraction Duncan Money At the 2025 African Mining Indaba, leaders from across the Continent met representatives from multilateral lending institutions, energy companies, and US national security agencies to discuss how to “position mining as the continent’s foremost industry, driving sustainable investment and fostering economic growth.” The conference location, in… Read More After the Diamond Rush
In this video, Yanis Varoufakis delves into the seismic developments of January 2025, spotlighting the transformative impact of DeepSeek—a groundbreaking Chinese AI company that has sent shockwaves through the global tech and financial landscapes. By releasing free, open-source AI models, DeepSeek has not only disrupted the American stock markets but has also outperformed proprietary giants… Read More Yanis Varoufakis on Cloud Capital vs AI: DeepSeek, Technofeudalism, Capitalism and the New Cold War
