Development/Growth
Colin Todhunter writes: Data from the Multi-dimensional Poverty Index indicates that 20 years ago, India had the second-best social indicators among the six South Asian countries, but now it has the second worst position. Bangladesh has less than half of India’s per-capita GDP but has infant and child mortality rates lower than that of India….
Read More about What has neoliberal capitalism ever done for India?
Economy
Live Mint reports: The richest 1% of Indians now own 58.4% of the country’s wealth, according to the latest data on global wealth from Switzerland based Credit Suisse Group AG. In the last two years, the share of the top 1% has increased at a cracking pace, from 49% in 2014 to 58.4% in 2016….
Read More about The richest 1% of Indians now own 58.4% of the country’s wealth
ECOCIDE/EXTINCTION
Andreas Malm writes: Mainstream climate discourse is positively drenched in references to humanity as such, human nature, the human enterprise, humankind as one big villain driving the train. Enter Naomi Klein, who in ‘This Changes Everything’ lays bare the myriad ways in which capital accumulation pour fuel on the fire now consuming the earth system….
Read More about The Anthropocene myth: Blaming all of humanity for climate change lets capitalism off the hookEconomy
When we get our story wrong, we get our future wrong. Much like the Trans-Pacific Partnership “trade deal”, everything we’re told about capitalism and our economy is a pack of lies. Time for a new story, says preeminent scholar and critic of corporate globalization, David Korten, the best-selling author of ‘When Corporations Rule the World’….
Read More about David Korten: From serving money to serving life: A sacred story for our timeEducation/Awareness
A parallel legal universe, open only to corporations and largely invisible to everyone else, helps executives convicted of crimes escape punishment. In this court, a nation that tries to prosecute a corrupt CEO or ban dangerous pollution can be sued for millions, even billions of dollars for ‘interfering with profits’. A investigative series from BuzzFeed….
Read More about Exposed: The global super court that rules the worldALTERNATIVES
Samuel Alexander writes: ‘Wild democracy’ is a new political orientation, sensibility, and practice. A localised politics with a global perspective, positioning itself ‘in the wild’ beyond the state and yet, at times, pragmatically engaged with it. In short, wild democracy is a revolutionary politics without a Revolution, as such–a paradox I will unpack and defend….
Read More about Wild democracy: A biodiversity of resistance and renewalBookshelf
Professor Immanuel Ness, author of Southern Insurgency: The Coming of the Global Working Class which has India, China and South Africa as case studies, spoke to The Wire on trade unions and labour laws in India, social relations between labour and capital in the global south, merits of spontaneity in workers’ agitations and much more….
Read More about Watch: Immanuel Ness on the ‘super-exploitation’ of contractual workers in India
Dr Jill Stein, the U.S. Green Party's candidate for the 2017 presidential elections
ALTERNATIVES
William Hawes writes: Critiques of the modern nation-state have been growing, due to the abysmal failures of the capitalist, neoliberal order. On the other side, the leftism of social-democratic reforms promote endless government spending. Neither of these models address the many crises our world faces. Green political theory offers a way out of this impasse….
Read More about The case for the green state
ALTERNATIVES
Charles Eisenstein in a new blog-post: The Brexit vote marks a rare moment of discontinuity, when the usual normalizing narratives falter and a society experiences a fertile and frightening moment of bewilderment. Brexit, though, is a mere foreshadowing of the vertigo that will ensue with the next economic crisis, which will dwarf that of 2008….
Read More about On Brexit: The fertile ground of bewilderment
Planning Commission
Development/Growth
Dr. Manmohan Singh was a World Bank employee before he became finance minister and later prime minister. As PM, he nominated Montek Ahluwalia from the IMF as Deputy Chairman of the Planning Commission. The present RBI Governor, Raghuram Rajan, was Chief Economist in IMF. This is how the neoliberal agenda has been imposed on India….
Read More about S.G.Vombatkere: Neoliberalism: Its reality exposed
ALTERNATIVES
Helena Norberg-Hodge writes: Today, banks and corporations run Europe. For big corporations and financial institutions, diversity is an impediment, whereas monoculture – in all aspects of life, from seeds, fast food and clothing, to architecture – is ‘efficient’. For them, a single Europe-wide market of 500 million people was an essential step to further growth:…
Read More about Why global capital fears ‘Brexit’Bookshelf
Twelve years ago, John Perkins published his best-seller, ‘Confessions of an Economic Hit Man’, where he described his career convincing heads of state to adopt economic policies that impoverished their countries and undermined democratic institutions to promote U.S.’ interests. This new book is an updated version, and details how those methods have evolved since then….
Read More about Video & Report: More Confessions of an Economic Hitman
Culture/Cognition
Donna Harraway: I’m going to propose that the Cthulucene might be a way to collect up the questions for naming the epoch, for naming what’s happening in the airs, waters, and places, in the rocks, oceans, and atmospheres. Perhaps needing both the Anthropocene and the Capitalocene, but offering something else, something just maybe more livable….
Read More about Anthropocene, or the art of living on a damaged planet
Bookshelf
Rob O’Grady writes in ‘150-strong’: Aldous Huxley suggested that “Our present economic, social and international arrangements are based, in large measure, upon organized lovelessness,” and, on the evidence, it appears that he was right. Our current system, governed by the reconciling force of profit motive, is dominated by greed and fear – certainly not love! …
Read More about How our economic system is designed to promote greed, fear and selfishness
ALTERNATIVES
Alberto Acosta writes: Mainstream thinking – embedded within capitalist globalisation – makes us accept the impossibility of imagining an economy that does not promote economic growth, as much as a world without oil, mining and agribusiness is impossible. Within this mainstream thinking, we can find people from every political and ideological stance, from neoliberals to socialists….
Read More about The only sustainable growth is de-growth!
Nesta.org.uk
ALTERNATIVES
Rob O’ Grady explains why none of the existing large-scale systems —be they capitalist or communist— would work. For a community to function well, it must resolve conflicts as they arise. It can only operate if we personally know every other person. This limits the maximum size of the community to Dunbar’s Number—around 150 individuals….
Read More about Bookshelf: 150 Strong – A Pathway to a Different Future
"The Logic of Neo-Liberalism"
John Ledger
Bookshelf
George Monbiot writes: So pervasive has neoliberalism become that we seldom recognise it as an ideology. We accept the proposition that this utopian, millenarian faith describes a neutral force; a biological law, like Darwin’s theory of evolution. But the philosophy arose as a conscious attempt to reshape human life and shift the locus of power….
Read More about Neoliberalism – the ideology at the root of all our problems
Amit Verma/Forbes India
Economy
Debarshi Das writes: The neoliberal State seeks to cut down welfare expenditure, hence it is against PDS. It also relies on the market. Although contemporary advocates of free market are not motivated by extraction of colonial revenue, in terms of policy prescription they do not differ from the advocates of free market of colonial era….
Read More about Famines and Public Distribution System in India
Frans Lanting
Conflict/Dispossession
Bill Laurance writes: Some 25 million km of new paved roads, thousands of dams, and hundreds of thousands of new mining, oil and gas projects, are being planned, roughly 90% of them in developing nations. Their environmental impacts could easily dwarf climate change as thousands of projects penetrate into the world’s last surviving wild areas….
Read More about An infrastructure tsunami is being unleashed on the environment in the name of ‘development’
CLIMATE CRISIS
In this article, Sagar Dhara examines Capitalism’s crucial tipping points: The first, the impending energy and natural resource crisis, related to the sourcing of raw materials. The second, inequality, related to the production of goods and services. The third, global warming, which is related to greenhouse gas emissions (GHGs) in excess of the earth’s sink capacity….
Read More about Global capitalism is facing three tipping points
