economic policy & Labour

Marx: Humans ‘In and Against’ Nature

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable GingerRephraseRephrase with Ginger (Ctrl+Alt+E)USE values are created by labour and nature. But capital relations attach value to products that are being produced for the purpose of creating surplus. Production in capitalism is production of surplus value and this involves a process of appropriating labour and nature.

Hard Facts Stare at the Rulers

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceHARD facts are staring at the government creating discomforts to the party in power. It is sad to see on the eve of election how the prime minister of India feels uncomfortable, perturbed and baffled in facing these hard realities.

Electoral Bonds and the Political Economy of Extortion

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceINDIA is one among her peers recording a very low tax-GDP ratio, and the effective tax rate for the corporates have been sometimes lower than the income tax rates applicable to middle class income slabs. This low tax regime is a key mandate of neoliberalism as it is committed to unshackle corporate capital from the marred regulations that are meant to mobilise resources for subsidising the poor.

Demographic Disaster and Rising Dependent Youth

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceACCORDING to official sources, India’s unemployment rate in the past five years turned out to be one of the highest in the post-independence period. For decades before the current regime the average open unemployment rate used to be within the range of 2-3 per cent.

Privatisation Augments Share of Non-Food expenditure

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceTHE ministry of statistics and programme implementation has recently released the findings of the Household Consumption Expenditure Survey (HCES) conducted during August 2022 to July 2023. Household consumption surveys earlier were conducted every five years but the last HCES was conducted in 2011-12.

Decade of Plight for Working People

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceIT is election eve and the prime minister while speaking in the parliament on the interim budget session ended with forecasts of election results for the ruling combine. It was not an expression of encouragement for his colleagues for the ensuing election but a prediction of number of seats that the BJP and the NDA would be winning.

Interim Budget: Vacuous Claims and Massive Expenditure Cuts

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceUSUALLY greater allocation for expenditures that directly impact the poor are termed as ‘populist’ by the mainstream media and ironically sops given to the rich in the form of corporate tax cuts or capital subsidies are considered to be prudent and responsible fiscal measures facilitating ‘efficient’ allocation of resources.

Big Data and Capital’s Control over Consumption

THE critical need of self-valorisation of capital is not only expanding production of values but also an equally expanding realm of circulation that realises produced values through consumption. As capitalism grows, this expanding production and consumption is related to not only expanding the consumption of what may be called ‘luxuries’ but also creating greater needs which are increasingly included in necessaries. This is in any case a dynamic process.

Private Investment Slump: Plummeting New Projects

ADVANCED economies had been worst hit by the financial crisis when real GDP fell in 34 out of 37 advanced economies of the world. The growth rate recovery was slow and it took about three to five years for most of these countries to get back to their pre-crisis levels. Some argue that western capitalism has entered into a phase of secular stagnation characterised by low private investment and declining productivity. Capitalism is a system driven by investments mobilised by capitalists in view of future expectation of profits.

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