In his opus ‘The Wealth of Nations’ published in 1776 Adam Smith drew a distinction between the progressive state, the stationary state and the declining state.

There are roughly four proximate features of capitalist poverty.

This problem, it must be noted, relates exclusively to the application of AI under capitalist conditions; but, capitalism being the reality over much of the world, the threat of AI to the working people remains extremely serious.

THERE has been a significant diffusion of production occurring in the world economy. Many call this phenomenon a shift from a U.S.-led world economy to a “multipolar world economy”, but no matter what one thinks of this description, the fact of diffusion is indubitable.

A distinction is drawn in economics between demand-constrained systems and resource-constrained systems (which for simplicity and symmetry we shall call supply-constrained systems).

In attacking the wealth tax proposal, the PM whipped up hatred against Muslims, trashed Congress, thereby protecting his super-rich patrons.

 The students in short are moved by a pure sense of humanity.

Modern liberalism was developed in response to the Bolshevik Revolution during the capitalist crisis of the inter-war period, as a way of resolving that crisis, and other similar crises that could arise in future, without transcending capitalism.

The neoliberal years, it is generally agreed, have seen a sharp widening of income and wealth inequalities; in India it has even caused an increase in the extent of absolute deprivation.

The two phenomena, a reduction in real wages and a reduction in employment opportunities, in fact go together.

JOHN Stuart Mill was among the foremost liberal thinkers of modern times who wrote extensively on economics and philosophy.

Reichstag Fire was a crucial event in the conversion of Germany from a liberal democracy into a fascist dictatorship in 1933.

Words can be highly deceptive; and Hindu rashtra is a perfect example of this.

Poverty in short had increased significantly between 2011-12 and 2017-18. After 2017-18 we have had a pandemic, and a lockdown induced by it, from which the economy is just recovering, though unemployment today is higher than before the pandemic.

There is a paradox at the core of the efflorescence of science that has occurred over the last millennium.

IN The Junius Pamphlet written from jail in 1915, Rosa Luxemburg had said that the choice before mankind was between barbarism and socialism.

There are well-known problems associated with the concept of gross domestic product as well as with its measurement.

The theoretical position informing “Imperialism” extended Marxism in at least five major ways.

Neo-fascist rulers like Javier Milei propose to control inflation not by curbing capital flight, but by launching a massive attack on the working class.

A pre-requisite for freedom in the third world therefore is to shake off this colonisation of the mind, and to seek truth beyond the distortions of imperialism.