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The Economic Survey 2017-18
04 February, 2018, Prabhat Patnaik
Like the person on the proverbial tiger, the Indian economy is currently riding a precarious course. The Government of India’s Economic Survey for 2017-18 recognizes this frankly, but its panacea is to keep one’s fingers crossed and hope that the ride continues.
America's Turn Towards Fascism and Its Contradictions
04 September, 2017, Prabhat Patnaik
While the turn of the U.S. towards fascism is unmistakable, the contradictions associated with this turn, and the complexity of the process of formation of the partnership between big business and fascist upstarts within the framework of a non-fascist bourgeois State to start with, are also clearly visible.
Evolution of India as a Nation
06 March, 2017, Sitaram Yechury
This piece is the author's deliberations made in the Opening Session, "The Idea of the Nation" of the day-long Seminar on "Interpreting the World to Change It", held on February 11, 2017, in New Delhi to mark the release of Festschrift for Prabhat Patnaik.
Understanding the American Right
26 October, 2016, Jayati Ghosh
One of the reasons for the solid, intense support that Donald Trump commands is his complete disdain for political correctness, which appears exhilarating and liberating to such people who have felt suppressed for so long.
The Hegemony of Finance
19 October, 2016, C.P. Chandrasekhar
Finance has been able to successfully stall reforms that the 2008-09 crisis had established as being urgent and imperative, and the consequences of that are bound to be damaging.
Shutting Out the Progressive Agenda
17 October, 2013, C.P. Chandrasekhar
The US shut down reflects the extent to which finance capital controlled Right is ready to go to prevent any progressive social sector agenda even in the post crisis scenario.
India and the Credit Rating Agencies
26 June, 2012, Jayati Ghosh
In the recent times, several big international credit rating agencies have downgraded India’s rating outlook as a sovereign borrower. The main point however is whether we should at all bother about the “opinions” of these external credit rating agencies. Maybe we would all have been better off without the destabilising influence they have played and continue to play in India and in the rest of the world.
Afterword on a Movement
07 September, 2011, Prabhat Patnaik
Any undermining of parliamentary democracy represents a huge social retrogression. But a positive fall-out from the Hazare movement hopefully is self-rectification by the ''democratic State'' in the face of this challenge. However, the Hazare group's assault on parliamentary institutions and exclusive emphasis on corruption within the state machinery, to the exclusion of the corporate sector and civil society groups, could turn out to be a part of an agenda of converting Indian democracy into a ''corporatocracy''.
America's Debt-ceiling Crisis
04 August, 2011, Prabhat Patnaik
The compromise between Obama and the Republicans to end the US debt-ceiling crisis has done great damage in terms of a sharp regression in income distribution and a remarkable shift to the Right in the US, as well as an aggravation of the recession in the world economy.
Socialising Losses
10 October, 2008, C.P. Chandrasekhar
The bailout worked out by the US government to save the financial system is not a progressive nationalisation but the socialisation of the risks of capitalists, and one that is to be borne by taxpayers in the US and by developing countries. The hugely expensive gamble, instead of helping the US government buy its way out of the crisis, would weaken its position as the dominant imperial power in future.
Inequality and Inadequate Policies: A Looming Crisis in Guatemala
03 August, 2003, Jayati Ghosh
Exotic and beautiful birds grace the trees in the garden of the elegant hotel, a sixteenth-century convent converted into a luxury facility. The birds occasionally squawk, but they do not move from their branches because they can no longer fly. They have had their wings clipped, and are placed in their positions by the staff every morning so that their magnificent plumage can be admired by the hotel's guests. This practice can work as a metaphor for the combination of beauty and cruelty that characterizes the Central American country of Guatemala.
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.
Media Imperialism: The Cost of Consolidation
22 May, 2003, C.P. Chandrasekhar
Even as CNN's Ted Turner argues that the pursuit of power and profit led sections of the media to advocate war against Iraq, changes in the U.S. telecommunications law are expected to pave the way for an increase in the concentration of media control.
The Cost of Media Consolidation
15 May, 2003, C.P. Chandrasekhar
Even as CNN's Ted Turner argues that the pursuit of power and profit led sections of the media to advocate war against Iraq, changes in the U.S. telecommunications law are expected to pave the way for an increase in the concentration of media control.
The Collapse of Enron
30 November, 2001, Jayati Ghosh
If you had to name a single company that could serve as a symbol of international capitalism in the 1990s, this would probably be the one. The giant multinational corporation Enron grew from being essentially a gas pipeline company in the 1980s, into the world's single largest energy trader, accounting for around 25 per cent of energy trade in both US and European markets.
Fiscal Responsibility - To Whom?
18 February, 2001, C.P. Chandrasekhar & Jayati Ghosh
In the 1990s, legal restraints on government fiscal behaviour became something of an international fashion. As in much else in the world at the moment, this fashion was set by the United States, where in the mid-1980s the Balanced Budget and Emerging Deficit Control Act (Gramm-Rudman-Hollings Act) required a steady decline in the federal government's deficit to zero within a stipulated and fairly short time frame.

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