ECONOMIC NOTES

The Growing Crisis of Unemployment

IN an economy like ours where the work-force is not neatly divided into “the employed” and “the unemployed”, and instead there is massive and growing casualisation of work, measuring unemployment is a tricky business. It necessarily means asking a person how much work that person got over a certain period in the past, because of which the unemployment measure varies depending on what period is taken into account and how much work over this period is taken to constitute employment.

Fascistic Hostility to Evidence

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceEdit in Ginger×ALL fascistic outfits have one common characteristic: they reject outright all evidence that goes against the narrative they spin; and the Hindutva elements in power in India are no exception.

Genocide in Gaza

IN response to the attack by Hamas on October 7, Israeli forces have not only pounded the Gaza strip with massive bombing, killing nearly 2000 Palestinians and wounding at least 7000 (till Friday night), but have cut off all supplies of food, electricity, gas and water to Gaza.

Destroying Forests for Profits

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceEdit in Ginger×THE Modi government, ever solicitous of corporate interests, has launched a plan whereby real estate developers and other corporates will be allowed to destroy large swathes of India’s forest cover for starting projects that rake in profits.

On the Current Food Price Inflation in India

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceEdit in Ginger×THE current upsurge in prices in India is led by food prices. In July 2023 while retail inflation was 7.44 per cent (over July of the previous year), food price inflation, which covers all food items including foodgrains, vegetables, milk products and such like, was 11.5 per cent.

The Silences of the Delhi Declaration

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceEdit in Ginger× THE G-20 meeting in Delhi was occurring in the midst of an acute economic crisis of the world economy. The advanced capitalist economies are expected by the IMF to witness a growth slowdown from 2.7 per cent in 2022 to 1.3 per cent in 2023; according to an alternative estimate by the IMF their growth in 2023 could even fall below 1 per cent.

Believing One’s Own False Theories

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceEdit in Ginger×LIBERAL bourgeois writers tend to explain the problems that arise under capitalism not by the immanent tendencies of the system but by the capriciousness of particular governments. This way they can continue to believe in their own false theories that prettify capitalism, while putting the blame for the travails it generates on political bloody-mindedness.

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