It’s long past time we re-claim a rational economic and agriculture policy in this country and globally, before it’s too late. The unregulated free market has proven itself the gambling addict that it is—incapable of self control. We saw it in the sub-prime mortgage crisis and we’re seeing it in the current food crisis. Now global leaders have a choice: they can either regulate, or leave the fate of our economic and food systems to the next roll of the dice.
Aniket Alam talks about the "political economy" of foreign aid and the class interests that determine reasons for India's new aid giving policies in Africa. Note that India is a net aid receiver.
The nations that taught us that state meddling in economic matters was blasphemy are now nationalising banks, bailing out brigands, and pouring in funds to stop factories from closing down. P.Sainath writes in his usual cutting keen style in The Hindu on the tragi-comedy of agrarian crisis, national bailout of corporate criminals and the enduring idiocy of "free market" adherence.
The greatest onus of tackling the economic crisis is on the Bush administration and the Fed. But Joseph Stiglitz asks whether we can trust those who got it so wrong to put things right.
C. P. Chandrasekhar and Jayati Ghosh examine the trends in global markets that influence domestic price movements and their implications.
Affluent groups are silently excused from repaying bank loans, while the waivers for the poor are talking points in these neoliberal times, says Ashok Mitra in The Telegraph.
Professor Utsa Patnaik, eminent economist specialising particularly in the agrarian economy, talks to T.K.Rajalakshmi of the Frontline on the issue of food security and price rise. T.K.Rajalakshmi
Interview with Utsa Patnaik, Professor of Economics, Jawaharlal Nehru University.
Inflation is very much an effect of pigheaded policies followed by multiple governments over time in India. Paranjoy Guha Thakurta comments on the issue of inflation in the Asian Age.
Empowering of the poor. Following a left alternative opposed to the neo-liberal economic policy of the center.
Kolkata, March 19: The Bengal budget for the current financial year (FY)
has prioritised visibly and impressively the empowerment of the poor in
setting out its budgetary allocations and allotments. The budget
attaches great emphasis on land development, agriculture, capitalised
industries, big-small-medium, education, literacy, and mass health.