Patang on the blog by the same name disagrees. And in view of the recent hullaballoo about food prices and how more people eat more food, take a look at what he has to say:
Is money a store of value? Let me ask you - is a lakh of rupees a lot of money? Can [...]
Archive for the 'Capitalism' Category
The free market shall fix everything
Published by May 6th, 2008 in Capitalism, Development, Economy, Energy, Geopolitics and Government. 0 CommentsString theorist/ Physicist Sunil Mukhi writes on ‘Marxism and Intelligence’, check out the comments on his previous post too.
Further to Cheeta’s comment on my previous blog “Communists and freedom”, about the distinction between communists and Communists, I was reminded of the late D.D. Kosambi (a colourful personality who was a TIFR mathematics professor as well [...]
Science, State, Market, Society, Caste, Gender…
Published by April 1st, 2008 in Capitalism, Caste, Development, Economy, Policy, Poverty, Science & Technology and Society. 0 CommentsMelkote attends a talk titled ‘Science, State, Market, Society and Ecology’ and thinks: ‘the problem with science and technology in India seems to be that their main focus is either the State or the Market’.
The market angle is even more apparent: our best minds working to solve problems which will make sharper videos, clearer sound, [...]
A walk down the Red Corridor
Published by March 30th, 2008 in Activism, Capitalism, Democracy, Development, Economy, Human Rights, India, Policy, Politics, Poverty and South Asia. 0 CommentsFire on the Mountain has been posting a series of in-depth interviews with revolutionaries from South Asia. The interviews, it appears, were conducted by the Norwegian Revolutionary Socialist party (Red!) for their party magazine. The first of the interviews, with G.N.Saibaba, Deputy Secretary of the Revolutionary Democratic Front (RDF), an All Indian Federation of [...]
Greed is..greed
Published by March 20th, 2008 in Business, Capitalism, Economy and Society. 0 CommentsBombay Addict draws some lessons from the latest stock market crash:
1. Believe no one. At times even yourself. If they tell you that stocks return more than bonds over the long term, ask them what they mean by long term. If they say 10 years, ask them if they’ve heard about a country called Japan. [...]
A Buffettology session
Published by February 28th, 2008 in Business, Capitalism, Development, Economy and Education. 0 CommentsAn exception worth making. This link has nothing to do with India and the blogger isn’t Indian either. But Warren Buffett has many admirers in India, from soon-to-be investors to market veterans. With the Sensex and Nifty now almost household names, it’s always good to get gyaan from the Oracle of Omaha.
Blogger Dang Le provides [...]
Blaming Capitalism
Published by February 25th, 2008 in Capitalism, Democracy, Development, Economy, Media and Policy. 1 CommentRohit reacts to an article in Economic and Political Weekly:
One of the constant themes of public debate in India is to link the post 1991 reforms to problems faced by the Indian society. According to this intellectually lazy line of thinking, capitalism is responsible for all of India’s social and economic challenges. That despite reforms, [...]
Gandhian economics
Published by February 3rd, 2008 in Capitalism, Community, Development, Economy, Environment, History and Theory. 0 CommentsHow practicable an economic philosophy was Gandhian economics? Rob Staley offers his views:
The tagline that stuck was this: “Production by the masses instead of mass production.” This roughly summarized his opinion on the direction in which India’s young budding economy should take as they pulled away from the British in the 40s. The idea was [...]
The IMF needs the developing world now?
Published by January 24th, 2008 in Capitalism and Globalisation. 0 CommentsJagdish Madan spots a growing trend in international financial markets- funds from the developing world helping in the takeover of western financial institutions and corporates:
With very few developing countries approaching the International Monetary Fund (IMF) for loans and preferring easier alternatives, the IMF’s survival is at stake. It has, consequently become difficult for it to [...]
The Struggle Against the Brahmin/The Struggle Against the White Man: Inter-Connectivity Between India/U.S. Struggles
Published by December 13th, 2007 in Capitalism, Caste, Dalit, Globalisation, Prejudice, Racism, Religion and Spotlight Series. 28 Comments[This is Essay #2 in 'The Spotlight Series'. Click here for archives]
The Struggle Against the Brahmin/The Struggle Against the White Man: Inter-Connectivity Between India/U.S. Struggles
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Jack Stephens
While trying to blog on connections between Dalit struggles and people of color struggles in the U.S. one thing that struck me was the similarities of caste and whiteness; specifically [...]
Remembering Bhopal
Published by December 2nd, 2007 in Capitalism, Economy, Geopolitics, History, Human Rights and Justice. 0 CommentsLekhni recounts her experience from the doomed morning on 3rd December, 1984 at Bhopal:
I still remember the cold winter morning, foggy like any other. We lived in the suburbs of Bhopal, less than ten miles from the old city, where the Union Carbide factory was. Ten miles is not much of a distance. But on [...]
Humpty Dumpty’s Great Fall
Published by December 1st, 2007 in Capitalism, Economy and Globalisation. 0 CommentsMadhukar examines the continuous decline of the mighty US dollar in context of worldwide political developments especially the distancing by a close US ‘ally’ Saudi Arabia.
In the recently concluded meeting of OPEC heads, a closed door meeting “accidentally” got telecasted to journalists. In response to pressure by Venezuela and Iran to replace US$ by a [...]
Hernando de Soto
Published by November 24th, 2007 in Capitalism, Development, Economy, Government and Poverty. 0 CommentsSeetha interviews Hernando de Soto:
You are perhaps the only economist who has been the target of bomb attacks.
That probably means I had a meaningful and very radical message. The Other Path provided very clear alternatives to the ultra-left Shining Path movement in Peru. The book was taken up as a motivational force by many groups. [...]
Of pirated books
Published by November 20th, 2007 in Books, Capitalism, Culture and Theory. 0 CommentsRimi B. Chatterjee examines a pirated book she bought at an intersection in Delhi.
Look also at the maths. A cover price of Rs 295 (the same as City of Love) yields to the publisher only about Rs 180 since booksellers buy at heavily discounted prices. If we remove from this price the author’s royalty (since pirates [...]
China’s Path is Our Path
Published by November 13th, 2007 in Activism, Capitalism and Politics. 0 CommentsVikas Pathak summarizes the developments in Nandigram where the CPM is following the Chinese Communist Party in ushering in capitalism in West Bengal.
Lord Buddha from the City of Joy is “smarter” than Modi. Remember, it’s not for nothing that Communists are intellectuals and Sanghis fools. Firstly, Buddha did not allow the media to get incriminating [...]
Debunking the claims of trickle down theory
Published by August 19th, 2007 in Capitalism and Economy. 0 CommentsAbraham George points out to recently released statistics by National Commission for Enterprise in Unorganized Sectors and argues that the trickle down claims made by proponents of economic liberalization is plain wrong.
These statistics are very revealing of the state of India’s economy. 1-2% of the country’s population in the private organized sector is reaping much [...]
Dalit Freedom Network reacts to a The Buffalo News article on Dr. Kumar Bahuleyan’s massive $ 20 million donation to his village in Kerala:
Second, it is important to note the lack of government response to caste. From my perspective, this article is astounding not only because of the amount given or the people helped, but [...]
Easy Come, Easy Go
Published by July 28th, 2007 in Capitalism, Economy and Globalisation. 2 CommentsLeftyProf speculates on how long the Indian economic boom will last.
…some American companies are beginning to close down their India operations and return to their own shores because of the rise in wages in cities like Bangalore. I’m not predicting imminent doom, but this does point to the fact that the outsourcing boom is built [...]
T T Ram Mohan shows that the failure of Doha round is not because of India, as the US accused.
The breakdown at Potsdam was America’s fault, not India’s. Ms Schwab offered to lower the ceiling on America’s distorting agricultural subsidies to $17 billion. As America currently spends only about $11 billion, a ceiling of $17 [...]
Monkey in a suit asks some tough questions.
I think what appalls me most is that just as Unilever, the owner of Dove products, changes its branding to the preachy “Real Beauty” adverts in the United States, they’re eagerly capitalizing on the increase in disposable income for Indian women by re-peddling age-old prejudices in Indian society [...]
Jalianwalabagh Re-enacted: Nandigram Video
Published by May 10th, 2007 in Capitalism, Development, Economy and Human Rights. 0 CommentsFellow Blogbhartian Rama points us to the Nandigram Video
Untouchability and Indian Capitalism
Published by May 9th, 2007 in Capitalism, Dalit and Prejudice. 5 CommentsPratyush Chandra reads The Observer’s story about Dalit entreprenuer Hari Pippal and wonders if untouchability is symptomatic not so much of capitalism but of semi- feudalism.
It shows how stratification specific to a society is reproduced and even intensified under capitalism, with competition being generalised. Caste, race and all other hierarchical identities of yesteryears are transformed [...]
Assasination of the Third World
Published by May 5th, 2007 in Capitalism, Geopolitics, Globalisation and History. 0 CommentsVijay Prasad in conversation with Rohit Chopra discusses the themes of his book The Darker Nations, that explores the ‘rise and assasination’ of the Third World Project.
The triumph of financialization (what we sometimes call globalization) certainly renders the actual details of the project anachronistic. It, the project, does had not yet absorbed the immense power [...]
Corporate Tax: How Little our Companies Pay?
Published by May 2nd, 2007 in Capitalism and Economy. 0 CommentsMayank Krishna observes some hard facts about Indian corporates.
I really fell from my chair on knowing that Reliance Industries pays much less tax (as a percentage of income) than what I pay. Yes, Reliance Industries paid just 8.41% of PBT as tax in 2005-06. To know how much tax some of the well known companies [...]
Neglect of Agriculture
Published by April 23rd, 2007 in Capitalism, Development, Economy and Food. 0 CommentsV.Isvarmurti talks about the neglect of agricultural sector under the current regime
This agri export agency with a specific mandate was established long ago. This has done some good work. But alas! In a typical Manmohan Singh style cobweb, this is now caught in a turf war among the many ministers! Everyone wants to have [...]
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