Noted economist Prabhat Patnaik and Newsclick’s Prabir Purkayastha talk about state of India’s economy on the 75th anniversary and the government’s insistence on sticking to fiscal deficits at the cost of spending

If wealth inequality is to be prevented from becoming worse than the horrendous level it has already attained, then the only way this can be done is by larger government spending that is financed by a tax on the rich, either a profit tax or a wealth tax

The dangers arise because of capitalists’ willful opposition rather than anything in the economics of the agenda itself