Reports regarding a letter written by Prof. Prabhat Patnaik are floating in the Kerala media. The letter is in response to a widely circulated email, which was sent by KT Rammohan, objecting to an invitation extended to Prof. Patnaik to speak at the Chintha Ravi Memorial Seminar in Kozhikode, on the grounds that he belongs to the “killer-party”. Below we reproduce KT Rammohan’s publicly circulated email and Prabhat Patnaik’s response. Update: A Malayalam translation is also provided below, as it seems that a wrong translation has been circulating elsewhere in the web.
Report on Symposium: What Can We Learn From the Global Financial Crisis?
A symposium on “What Can We Learn From the Global Financial Crisis?” was organized in New Delhi on 17th November 2008 by Anveshan, Delhi Science Forum and the Economic Research Foundation. The Speaker Hall of the Constitution Club, which was the venue for the symposium, was filled to more than capacity. People from all walks of life including a large number of university students attended the programme.
Report on the Press Conference
The complete report on the deliberations in the General Assembly involving the Interactive Panel on the Global Financial Crisis is presented. Courtesy 7th Space Interactive. Also posted is the report of the press conference that followed the deliberations. The Panel is presided by Prof. Joseph Stiglitz, Nobel Laureate in Economics from Columbia University and includes Prof. Prabhat Patnaik from Jawaharlal Nehru University.
Pragoti reproduces the discussions on the Global Financial Crisis in the General Assembly held on 30th October 2008 featuring panel deliberations involving the newly constituted The Interactive Panel of the United Nations General Assembly on the Global Financial Crisis. The Task Force, presided by Nobel prize winner Joseph Stiglitz of Colombia University, includes, Prabhat Patnaik from the Center for Economic Studies and Planning at Jawaharlal Nehru University, Sakiko Fukuda-Parr of the New School University, Pedro Páez, Minister of Economic Policy and Coordination of Ecuador, Calestous Juma of the Kennedy School of Government at Harvard University and Francois Houtart, Chief Editor of Social Campus. Ed: Full structured report including Video Links to follow. This is a rush piece sourced from the United Nations site. All courtesies due to the UN General Assembly website
Articles from The Hindu and Al-Ahram on the newly constituted task force of the United Nations convened by the UN General Assembly president Miguel d'Escoto Brockmann. The Hindu reports the news, while Gamal Nkrumah writes on how the financial crisis and its solutions should not be an exercise for the elites of the developed nations and their respective "Wall Streets" alone.
But what the [financial] crisis [in the world's capital markets] does is to undermine the ideology of neo-liberalism which gives the Left a chance to intensify its struggle against neo-liberalism. And in so far as the recession that is arising will hurt not just the workers and peasants but even sections of the middle classes which have hitherto been beneficiaries of neo-liberalism, the soil for this struggle will be more fertile now. So, the short answer to this question is that the Indian policy-makers left to themselves will not change course, but we have to make them change course. Eminent economist Prabhat Patnaik replies exclusively to a set of interview questions from Pragoti's Editorial Team. Prabhat Patnaik is a leading Marxist economist, and is a professor at Centre for Economic Studies and Planning at Jawaharlal Nehru University. He is also the vice-chairman of the Planning Board in the state of Kerala.