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1966, 1917, and 1818: ‘Let a Hundred Schools of Thought Contend’
This year marks 50 years since Mao and his close comrades launched the Cultural Revolution in China. Next year, 2017, will be 100 years since the February and October revolutions in Russia. And, 2018 will mark the 200th birth anniversary of Karl Marx (1818-1883), whose works were a compelling source of inspiration for the Russian […]
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Migration as Revolt against Capital
The fact that a large number of refugees, especially from countries which have been subjected of late to the ravages of imperialist aggression and wars, are desperately trying to enter Europe is seen almost exclusively in humanitarian terms. While this perception no doubt has validity, there is another aspect of the issue which has escaped […]
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The Imperial War Museum in London: A Lesson in State Propaganda?
In January 2016, I attended Tate Britain’s Artist and Empire: Facing Britain’s Imperial Past, a disappointing exhibition that in spite of its title did not face Britain’s past in any meaningful way. On the contrary, as I argued in my review, it shied away from this bloody history in favour of quasi-glorification, non-committal wording and […]
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Brexit and the EU Implosion: National Sovereignty — For What Purpose?
The defense of national sovereignty, like its critique, leads to serious misunderstandings once one detaches it from the social class content of the strategy in which it is embedded. The leading social bloc in capitalist societies always conceives sovereignty as a necessary instrument for the promotion of its own interests based on both capitalist exploitation […]
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Why Do We Have Unemployment?
Unemployment has become so persistent a phenomenon in contemporary times that there is a common feeling that it is a “natural” state of affairs, that nothing can ever be done about it, and that the only way to have greater employment opportunities coming your way is either to oppose the system of job “reservations” for […]
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Randhir Singh: Farewell Teacher, Comrade, and Friend
When my brother called to tell me that that Professor Randhir Singh was no more I wanted, more than anything else, to be in Delhi. I wanted to see him one last time with my own eyes and to hug him. And, I wanted to be there with the crowd of people — of students, […]
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The Challenge Before the Latin American Left
The Left upsurge in Latin America appears to be abating. In October 2015 Jimmy Morales, the conservative candidate in Guatemala, defeated the Left-leaning Sandra Torres in the presidential elections. On November 22, Mauricio Macri, the conservative presidential candidate in Argentina, defeated Daniel Scioli, his Peronist rival, by a narrow margin, to bring to an […]
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P(h)ew: The “Nonpartisan” Embrace of Narendra Modi by the Pew Research Center
The Pew Research Center released a new survey that reveals a very favorable perspective of Narendra Modi among Indians. In fact, the header for the report reads: “The Modi Bounce: Indians Give Their Prime Minister and Economy High Marks, Worry about Crime, Jobs, Prices, Corruption.”1 According to the results 87% of Indians have a “favorable […]
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The Devaluation of the Yuan
The Chinese central bank’s decision last week to let the yuan depreciate, in three stages by almost 4 percent against the US dollar, was officially explained as a move towards greater market determination of its exchange rate. Though this explanation pacified stock markets around the world, China’s devaluation of the currency portends a serious accentuation […]
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Europe’s Moment of Truth
Greek Premier Alexis Tsipras’ acceptance of an “austerity package” on July 13, which contained measures rejected by the Greek people in a referendum barely a week before, represents not just an abject surrender by the Syriza government, or a sign of contempt on the part of German finance capital for the Greek electorate; it marks […]
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The Spectre of the Thirties
The Reserve Bank of India, as is to be expected, has been denying that its governor Raghuram Rajan had ever suggested that the world was facing the possibility of a 1930s-type Great Depression. Members of the “global financial community” are not supposed to say such things; so even if Dr Rajan did, a denial was […]
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“Universal Health Care” in Free Market Paradise
Analytical Monthly Review, published in Kharagpur, West Bengal, India, is a sister edition of Monthly Review. Below is the editorial in its June 2015 issue. — Ed. The essence of “free market” ideology is exposed clearly when the health of the human body is at issue. When outcomes are determined on the basis of […]
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The Idea of India
When the ‘fascist’ Narendra Modi was coming close to becoming India’s Prime Minister, intellectuals told us that he would be a threat to the very idea of an inclusive and democratic India. Amartya Sen declared that he cannot be part of an India which has Modi as its PM. Modi is now PM, but nowhere […]
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Unending Hard Times: Whose Is the Toil and Whose Is the Wealth?
John Bellamy Foster and Robert W McChesney. The Endless Crisis: How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to China. New York: Monthly Review Press, 2012; Kharagpur, India: Cornerstone Publications, 2013. pp x + 227. Rs 150. The secular decline of decadal average annual real gross domestic product (GDP) growth rates of the […]
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The Declining World Foreign Exchange Reserves
If one adds up the foreign exchange reserves of all the countries in the world, including under the term “reserves” what these countries hold in the form of gold, US dollars, other reserve currencies, Special Drawing Rights of the IMF, and also liquid assets such as short-term Treasury Bills of the US government, then the […]
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Kashmir — Hell of Internal Colonialism
When it comes to Kashmir, official mendacity in India seems to cross all bounds. So even a prominent member of the Indian Establishment felt that the Defence Minister Manohar Parrikar’s recent (May 22) open advocacy of “kaante-se-kaanta-nikaalte-hein” (a-thorn-to-remove-a-thorn) counterinsurgency tactics was “terrible” and that he should withdraw his out-of-line statement forthwith. “You have to neutralise […]
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Misconceptions about Neo-Liberalism
Neo-Liberalism is often seen only as an economic policy. This per se might not matter, since a specific set of economic measures do, no doubt, fall under the rubric of neo-liberalism. But by reducing neo-liberalism only to a set of economic measures, a misleading impression is often conveyed that this set of measures are a […]
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Final Solution Revisited (Work in Progress: Gujarat 10 Years Later)
Gomtipur (Ahmedabad, Gujarat, India) was once called the Manchester of Gujarat. Did the decline of the mills contribute to the rise of the rightwing? Gujarat/ Malegaon films’ update: April 14. 2015 ([email protected]) #Crowdfunding #FinalSolutionRevisited… Posted by Rakesh Sharma on Tuesday, April 14, 2015 Rakesh Sharma is an internationally-acclaimed Indian documentary filmmaker. Follow Sharma on […]
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Remembering Robert Weil: Intellectual and Political Activist
Robert Weil, author of the powerful critique of Deng Xiaoping’s “reforms” entitled Red Cat, White Cat: China and the Contradictions of Market Socialism (New York: Monthly Review Press, 1996, republished in India by Cornerstone Publications, Kharagpur), quietly passed away in California on 12 March 2014. Almost a year after, on 15 February 2015 a […]
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Syriza’s Slip
The victory of a Left Alliance, Syriza, in the Greek elections on January 25, was a matter of great significance, especially because that victory was based on a promise that Syriza would get rid of the memoranda imposing austerity on Greece by the “Troika” (the European Union, the European Central Bank and the IMF). Syriza’s […]