world bank

India: The State of Independence

India celebrates its independence from Britain on 15 August. However, the system of British colonial dominance has been replaced by a new hegemony based on the systemic rule of transnational capital, enforced by global institutions like the World Bank and WTO. At the same time, global agribusiness corporations are stepping into the boots of the former East India Company.

The Economist on Marx’s 200 years

The 200th anniversary of the birth of Marx has prompted The Economist to devote an article on Marx in its issue of May 5, 2018. Characteristically titled, “Reconsidering Marx. Second time farce. Two hundred years after his birth, Marx remains surprisingly relevant”!1 The article combines recognition that Marx was a genius with reactionary slandering that he was, after all, an evil genius and without him the world would certainly had been much better.

Inequality Social Dysfunction and Misery

Year on year the economic divisions and sub-divisions in the world deepen, the associated social ills increase: The rich, comfortable, and the very extremely rich keep getting richer, and the rest, well, whilst some may be raised up out of crippling poverty into relative poverty, the majority of people continue to live under a blanket of economic insecurity and largely remain where they are.