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Bookshelf: Failed – What the “experts” got wrong about the global economy

21st March 2016

Author Mark Weisbrot says: “Behind almost every prolonged economic malfeasance there is some combination of outworn bad ideas, incompetence and the malign influence of powerful special interests”. Unfortunately, such nightmares are repeated in other places because even if the lessons are learned, they are not taken to heart, by “the people who call the shots”….

Jan Breman: “76 per cent of the Indian population is living in poverty”

23rd February 2016

“India’s economic policies are determined by the World Bank. They are therefore pro-capital, and anti-labour. Today the World Bank’s at the end of its tether. Its formula of formal capital in the informal economy failed because the poor don’t own capital. Having run out of ideas, they’ve now started blaming the poor for being poor.”…

The IMF’s “shocking” estimate of fossil fuel costs: There’s more to the story

4th June 2015

Sajai Jose Credit: CGP Grey/Flickr, CC-BY 2.0 Recently, when an International Monetary Fund research paper revealed that the actual cost of fossil fuel usage for 2015 was a staggering US$ 5.3 trillion (approx. 340 lakh crore rupees), it made headlines worldwide, though it went largely unreported in India. What accounts for the bulk of this figure are the hidden…