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Imperialism Still Alive and Kicking: An Interview With Prabhat Patnaik
20 June, 2017,
Imperialism is the arrangement that the capitalist system sets up for imposing income deflation on the working population of the third world for countering the threat of inflation that would otherwise erode the value of money in the metropolis and make the system unviable. A delinking from globalization by an alternative State, based on a worker-peasant alliance, is required for improved living conditions of the third world working population.
Buckling under Pressure
18 January, 2017, Jayati Ghosh
There has been a depressing erosion in the credibility of the major institutions that in different ways are vital for the functioning of our democracy as they are bent to the will of the ruling dispensation.
Barbara Harriss-White on Demonetisation
16 January, 2017,
The notable political economist Barbara Harriss-White, in her interview with Madras Courier has painted a comprehensive picture of what demonetisation has done to India's democracy, agriculture, the 'black economy' and society.
Interview with TM Thomas Isaac on Demonetisation
18 November, 2016,
In an interview to Scroll.in, economics professor turned Finance Minister of Kerala, TM Thomas Isaac said that the secrecy surrounding the demonetisation was a blow to cooperative federalism, where the state and centre work collectively, and the move would not have a serious impact on tax evaders.
A Tax to Rein in Finance
25 November, 2009, C.P. Chandrasekhar
It is a proposal that refuses to die. When Finance Ministers of the overactive G20 met at St Andrews, Scotland in early November, the UK's Prime Minister Gordon Brown decided to use what would be the last meeting under his presidency to make a case for taxing finance.
Sharing Profits from Gas
18 August, 2009, C.P. Chandrasekhar
The ambivalence in government position in the long-drawn out conflict between RIL and RNRL, on the issue of the pricing of gas, reflects the changed relationship between the state and private capital in India ever since “reform” began. In the new world order the state works to rescue and strengthen private capital, even while it declares that the rest of society including the poor and the marginalised have to learn to deal with a world of market mediated relationships.
Reflections on the Left
01 July, 2009, Prabhat Patnaik
The results of the recent Indian election suggest that the Left needs to pursue its resistance to imperialism along with an alternative approach to "development", which defends the interests of its class base. If the Left abandons anti-imperialism, it will not only erode its existing class base, but also push the "basic classes" into the arms of extremist ideologies.
The Future of News in Print
08 June, 2009, C.P. Chandrasekhar
Though Indian media industry is yet to experience the kind of crisis their overseas counterparts are faced with, the declining revenues and profits of newspapers that is forcing closure of many dailies, especially in the US, suggests that the fortuitous interregnum should be used to think about the future of the news media.
An Insider View from George Soros
29 April, 2008, C.P. Chandrasekhar
Among some of the influencial voices which are calling for more attention to the nature of the current US financial crisis and for a more disinterested view of the need for state intervention, is that of George Soros. His book The New Paradigm for Financial Markets: The Credit Crash of 2008 and What it Means, being released in May, challenges the prevailing sanguine view on the intensity and implications of the crisis. This piece is based on a reading of the digital edition available from various ebook sellers and his recent speeches.
The Media and the Left in India
05 December, 2007, Jayati Ghosh
The past few weeks have witnessed an extraordinary frenzy of media attacks on the Left – and in particular, on the Left Front government in the state of West Bengal. These attacks have been so sharp, so abusive and so based on partial or total distortion of facts, that they may even be unprecedented in the history of independent India.
Tata's Gamble: Triumph or Nemesis?
14 February, 2007, C.P. Chandrasekhar
Billed by one financial paper as the first step in a Global Indian Takeover, the acquisition of Anglo-Dutch steel major Corus by the Tata group is as much about upper-crust India's new nationalism as it is about corporate strategy. Tata's victory in the final head-to-head auction against Brazil's Companhia Siderúrgica Nacional (CSN) is undoubtedly a major event in the country's corporate history.
Insider Story on Crime and Empire
05 April, 2005, C.P. Chandrasekhar
Book buyers in the US have obviously been lapping up the hard-back authored by John Perkins titled Confessions of an Economic Hit Man. The book, which was published in November last year has found, to the surprise and dismay of some, a place in the New York Times non-fiction best-seller list in 7 out of 10 weeks between weeks-ending January 8 and March 12.
The Wolfowitz at the World Bank's door
22 March, 2005, Jayati Ghosh
The second innings of George Bush Jr. at the White House promises to be more than just a replay of the first term, although that prospect alone would have been horrifying enough. Re-election has legitimised for the incumbent US President his most blatant and aggressive past actions.
The Dollar vs. the Chinese Yuan
25 December, 2004, C.P. Chandrasekhar & Jayati Ghosh
The dollar is on the decline, with its value having fallen by around 30 per cent relative to other major currencies since 2002 and by close to 20 per cent in trade-weighted terms. Yet, the US government feigns being unconcerned with the problem.
The Dollar Conundrum
04 December, 2004, C.P. Chandrasekhar
In international markets, all eyes are on the dollar, since uncertainty prevails about the depths to which it would decline. The currency, which appeared to have stabilised relative to the euro in early 2003, after declining from as far back as early 2002, has been sliding sharply since early September.
The Dubious New Alliance
31 May, 2003, Jayati Ghosh
There was a time when India was seen, internationally, as an originator and major force in the non-aligned movement, a leader of the developing world, and generally a bulwark against imperialism. Much has changed since then.
The Two Faces of Mr. Gates
02 January, 2003, C.P. Chandrasekhar
Was Microsoft chief Bill Gates’ dual-purpose, philanthropic-cum-business visit to India basically motivated by the desire to strengthen his company’s monopoly over the large software market in India? This is a view that is held by many advocates of the free software movement, who are disappointed by the willingness of state and central government agencies to rub shoulders with Gates and rely on his software, especially the Windows platform, when implementing their IT initiatives.

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