Capitalism is based on big lies – that the West is prosperous because of the Industrial revolution and free market policies. In reality the riches of the developed world is based entirely on draining wealth from the poorer countries. It is a process that has continued even after the end of colonies. In fact, this plunder has increased since the 1980s, when neoliberal economics came to rule the world.
How economic ‘reforms’ plundered India
Capitalism is based on big lies – that the West is prosperous because of the Industrial revolution and free market policies. Senior journalist Aunindyo Chakravarty explains
