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Author Archive | Jayati Ghosh

Wiktor Szymanowicz : Barcroft Media via Getty Images

The political roots of falling wage growth

It’s now official: workers around the world are falling behind. The International Labor Organization’s (ILO) latest Global Wage Report finds that, excluding China, real (inflation-adjusted) wages grew at an annual rate of just 1.1% in 2017, down from 1.8% in 2016. That is the slowest pace since 2008.

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Capitalism Is Doomed — Without Alternatives, So Are We | By Jake Johnson, staff writer | Common Dreams

Not with a bang but with a (prolonged) Whimper

It is probably obvious to everyone that global capitalism is in dire straits, notwithstanding the brave talking up of output recovery that now characterises almost every meeting of the international governing elite. Even so, discussions of the end of capitalism still typically seem overstated and futile, not least because those hoping and mobilising for bringing […]

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Illustration: Andrzej Krauze

After neoliberalism, what next?

We may be living through one of those moments in history that future historians will look back on as a watershed, a period of flux that marked a transition to quite different economic and social arrangements. Unfortunately, in human history a ‘moment’ can be a very long time.

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The Emerging Left in the “Emerging” World

Ralph Miliband Lecture on the Future of the Left, London School of Economics, London, U.K., 28 May 2012 It is a great honour and privilege for me to be invited to deliver this lecture in the Ralph Miliband series on the future of the Left.  Ralph Miliband was not just an outstanding social scientist and […]

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The Dragon’s Shadow: China’s Banking System

On October 10, the Chinese government announced that it will increase its stakes in the four largest commercial banks, which are already largely public-owned.  The move is designed to “support the healthy operations and development of key state-owned financial institutions and stabilise the share prices of state-owned commercial banks”. But why was this move considered […]

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India: The Latest Employment Trends from the NSSO

No sooner were the results of the 66th Round of the National Sample Survey Organisation (relating to data collected in 2009-10) released, than they became the subject of great controversy.  Surprisingly, the controversy was created not by critics of the government and its statistical system, but from within government circles! Some highly placed officials found […]

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