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Fiscal transfers to capitalists
It is common for governments these days to provide fiscal transfers to capitalists, whether through reduced corporate tax rates, or by providing direct cash subsidies, to encourage greater investment by them and thereby stimulate the economy. During Donald Trump’s first presidency there had been a cut in corporate tax rate with this objective in mind. In India the Modi government, as is well-known, has given massive tax concessions with the same objective.
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Give us peace on Earth: The Forty-Seventh Newsletter (2024)
As outgoing Defence Secretary Lloyd Austin embarks on his twelfth tour of the Indo-Pacific, the U.S.’s New Cold War on China shows no signs of slowing down, even under a second Trump presidency.
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Seven Decades of China-Brazil Friendship: Cultural Diplomacy, Agrarian Reform, and the Cold War
This year, Brazil and China celebrate fifty years of official diplomatic relations. The importance of the Sino-Brazilian relationship cannot be underestimated in the context of the rise of the Global South, the decline of U.S. hegemony, and the emergence of a New Cold War. With a look back into the history of bilateral relations, how can we understand the importance of these two countries in the current conjuncture in pushing forward changes unseen in a century?
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Left-wing alliance wins two-thirds majority in the Sri Lankan parliament
With the parliamentary victory, the leftist president Anura Kumara Dissanayake is better placed to implement his agenda of economic and political reforms in the crisis-hit country.
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How an obscure Michigan State professor who worked for the CIA played a leading role in facilitating U.S. intervention in Vietnam
Ngo Dinh Diem, South Vietnam’s premier from 1954 to 1963, was a Cold War version of Volodymyr Zelensky, an American-subsidized ruler who was fawned upon by leading U.S. politicians and the U.S. media despite causing the ruin of his own country.
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Blind Power: Nuclear plant’s irreversible impact on public and environment
Prerna Gupta talks to Dilnaz Boga about those affected by Tarapur Atomic Power Station (TAPS) in India’s thirst for electricity
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The economic war against China has backfired
Just 15 years ago, Chinese consumers were flocking to Western brands. Now they prefer Chinese ones.
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BRICS grows, adding 13 new ‘partner countries’ at historic summit in Kazan, Russia
BRICS held a summit in Kazan, Russia in October 2024, where it expanded with 13 “partner nations”, after adding four new members. These are the most important takeaways from the historic meeting.
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Why Brazil opposes Venezuela’s BRICS membership
The 16th Summit of the BRICS organization is taking place this week in the Russian city of Kazan. President Nicolás Maduro was invited by the Russian president himself, Vladimir Putin, at the beginning of August, and is attending with a Venezuelan delegation.
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Book review of ‘The Political Writings of Bhagat Singh’
On the 23rd of March 1931, Bhagat Singh was hanged to death for waging revolution against the British colonial government in Lahore, Pakistan at the young age of 23.
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Functioning as a U.S. proxy, Taiwan continues interference in politics of small Pacific Island Nation of Kiribati
This article is the second in a series covering how the tiny Pacific Island nation of Kiribati has become enmeshed in the new Cold War. The country has a forthcoming election on October 25 and the U.S. and its allies are advancing a covert regime change operation designed to unseat President Taneti Maamau, who has aligned Kiribati with China.—Editors
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“Why do you fear my way so much?”
Professor Saibaba’s life, or rather, Sai’s life, for that is what his friends called him, cannot be adequately understood without situating him in an authentic history and “present as history” of the Indian society of which he was a part.
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Dossier no. 81: The Twentieth Century, the Global South, and China’s historical position
Chinese scholar Wang Hui looks back at the twentieth century, which was born out of the multiple revolutions in the peripheral areas of the world, including China.
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BRICS plans ‘multi-currency system’ to challenge U.S. dollar dominance: Understanding Russia’s proposal
The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the U.S. dollar. Russia’s finance ministry and central bank released a report detailing plans to transform the international monetary and financial system.
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How do you resist neo-fascism?
Conceptual clarity and shrewd maneuvers are necessary to combat neo-fascism, a powerful social movement from above.
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U.S. to be ready for war on China by 2027: Navy Chief
On Tuesday, Oct. 15, a large-scale military exercise named Kamandang commenced in the Philippines. The exercise, scheduled to run until Oct. 25, involves over 2,300 military personnel from the United States, the Philippines, Japan, South Korea, Australia, and Britain.
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Bayer’s “backward” claim: A bid to reap control of Indian agriculture
Bayer’s vision for agriculture in India includes prioritising and fast-tracking approvals for its new products, introducing genetically modified (GM) food crops, addressing labour shortages (for weeding) by increasingly focusing on herbicides and developing herbicides for specific crops like paddy, wheat, sugarcane and maize.
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U.S. Pacific Fleet commander visits Sri Lanka to cement ties with new president
Admiral Steve Koehler, Commander of the U.S. Pacific Fleet, visited Sri Lanka on October 10 in the wake of the election of Anura Dissanayake, leader of the Janatha Vimukthi Peramuna (JVP) and its electoral front, the National People’s Power (NPP).
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Han Kang’s Nobel Prize Award is a cry for Palestine
A brilliant, powerful writer, but clearly the literary dark horse in the race, Han Kang’s unexpected award is the closest the Nobel committee could get to acknowledging the Palestinian genocide.
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Nobel Peace Prize winner: Gaza like Japan after U.S. atomic bombs
Toshiyuki Mimaki, co-chair of Nihon Hidankyo, the Japanese organization honored with the 2024 Nobel Peace Prize for its anti-nuclear activism, drew comparisons between the plight of children in Gaza and those impacted by the U.S. atomic bombings of Hiroshima and Nagasaki in 1945.