As long as global finance capital flow is unrestricted, there won’t be elbow room for any progressive state intervention

State ownership of banks not only provides for wider reach of institutional credit but also for stability of the financial system of capitalism itself

Alongside efforts to reclaim control over Mexico’s natural resources, the Andrés Manuel López Obrador government is also planning to recapture control over its Central Bank

As of now, the total unvaccinated population in the world numbers 6.8 billion. The one billion doses promised by the G-7 countries can meet the needs of only 7.4% of this number

The final outcome of the post-COVID massive wealth redistributive program remains to be seen, but what is clearly being seen is the end of the neoliberal phase of world capitalism

While supporting fiscal stimulus by rich nations, the International Monetary Fund’s imposition of fiscal austerity on Third World may aggravate economic crisis and hit the poor most

Timidity vis-à-vis international finance capital, callousness toward people, and cynicism in manipulating the electorate and legislators, have made the Modi government one of the most ultra-Right governments in the world

A country that ranks 94 among 107 countries in the Global Hunger Index can’t be said to be self-sufficient in foodgrains. The surplus stocks are due to shortage of purchasing power in peoples’ hands

The prices as well as the quantities of the agricultural produce in a free market would be far from socially optimal and are likely to be socially disastrous

India is being pushed toward a de facto unitary state, with States being kept totally out of the loop in decision-making, as seen in the new agricultural laws, goods and services tax compensation, Jammu and Kashmir bifurcation and new National Education Policy.

Advanced countries have been more open-handed in fiscal support for their economies, in particular for workers, while Third World countries have been extremely niggardly, not necessarily out of choice (except in the case of India)

It is inevitable under capitalism that every human tragedy which unleashes a crisis in this system becomes an occasion for an increase in wealth concentration, writes Prabhat Patnaik