• | dollars and euros background | MR Online

    Europe’s economic Hara-Kiri

    It is not just the immediate effect on Europe that threatens to be severely adverse; capital has already started relocating away from Europe to the United States, a trend that will inevitably gather momentum, so that long-term growth and hence employment prospects on that continent will also be affected.

  • | Economy | MR Online

    Controlling inflation at the expense of working class

    ECONOMISTS distinguish between two kinds of inflation: “demand-pull” and “cost-push”.

  • | Dollar Bomb | MR Online

    Sanctions and the decline of the dollar

    The hegemony of the U.S. dollar was based on the fact that the world’s wealth-holders considered it to be “as good as gold”, even when it was no longer officially convertible to gold at a fixed rate, as it had been under the Bretton Woods system, after the collapse of that system.


    The Indian economy since Independence

    The post-colonial state in India had two primary tasks before it: one was to overcome the hegemony of metropolitan capital, so that a development strategy in relative autonomy from imperialism could be pursued; the second was to attack landlordism both to free the agrarian population from its clutches, and to increase agricultural output for rapid industrialisation based on a growing home market.

  • | White House DEFENDS Nancy Pelosis trip to Taiwan and insist theres no reason to have this escalation from China after Beijing cut military ties with Washington and compared US actions to the strangling of George Floyd | MR Online

    U.S.-China chip war continues

    As the tension between the U.S. and China mounts as a fall-out of Nancy Pelosi’s provocative Taiwan visit, the technology war between the two is also taking a new turn.

  • | Gregor Mendel | MR Online

    Two hundred years of Mendel’s genetic revolution and the fight against scientific racism

    In July this year, the world is celebrating 200 years of Gregor Mendel’s birth, widely accepted as the father of genetics.

  • | Stockholm Visiting Scandinavia | MR Online

    Scandinavia and imperialism

    There are many misconceptions about Scandinavian capitalism. A very common one is the belief that since the Scandinavian countries developed vigorous capitalist economies, without ever having acquired any colonies of their own, they constitute a clear refutation of the claim that capitalist development necessarily requires imperialism.

  • | Karl Marx | MR Online

    On Marxism and decolonisation

    IN 1959, one of the revolutionary leaders in Cuba, Haydée Santamaria, a hundred years old this year, arrived at a cultural centre in the heart of Havana, Cuba.

  • | 4 years of Modi government Hits and misses from economy to jobs The Financial Express | MR Online

    “Heads I Win, Tails You Lose”

    To look at neo-fascism withoutits economic moorings, to ignore the fact that the neo-fascist government is actually based on a neo-liberal-neo-fascist alliance, and, in general, to look at politics as a self-contained sphere unconnected to the economy, is a liberal trait that the Left must not imitate.

  • | Not a Single Rupee Spent on Development of Adopted Villages by Modi from MPLADS Funds thecognatecom | MR Online

    The Indian economy is heading for a stationary state

    ADAM Smith and David Ricardo had been haunted by the idea of capitalism ending up in a “stationary state”, by which they meant a stable state of zero growth.

  • | Bitcoin Crash | MR Online

    Cryptocurrencies must die

    Bitcoin had gone from around USD 4,000 to USD 64,000, a sixteen fold increase, in 20 months. Other cryptocurrencies had even more ridiculous price increases in the same time period – Ethereum had a 50 fold increase, Solana 500 times, and LUNA had a 1,000 times increase. Now, these cryptocurrencies are crashing down.

  • | Federal Reserve Board of Governors | MR Online

    Neo-liberalism and anti-inflationary policy

    Central banks all over the capitalist world are raising, or are about to raise, interest rates as a means of countering the currently rampant inflation, which is certain to push a world economy that is barely recovering from the effect of the pandemic, back towards stagnation and greater unemployment.

  • | Malian troops taking part in the Bastille Day 2013 military parade on the Champs Élysées in Paris | MR Online

    Mali ejects the French military

    In the first two weeks of May 2022, the Malian military government ejected the French military and withdrew from the French political project, G5 Sahel. Deep resentment spread across Mali because of the civilian casualties from French military attacks and because of the French government’s arrogant attitude towards the Malian government.

  • | Welcome to the rich Indians club | MR Online

    Tendency towards the emergence of an “international” middle class

    The chancellor of the exchequer of Britain, whose official residence is only next door to the British prime minister’s, is Rishi Sunak, a person of Indian origin. Britain’s home secretary is Priti Patel, also of Indian origin.

  • | Housing Rents Evictions Homelessness | MR Online

    The inhumanity of capitalism

    For over two years now, the world has been facing a pandemic the like of which has not been seen for a century, and which has already taken 15 million lives according to the WHO, without being anywhere near an end.

  • | Russia Ukraine war feeds food inflation in North Africa | MR Online

    Food and decolonisation

    RUSSIA and Ukraine together account for 30 per cent of the world’s wheat exports. Many African countries, in particular, are heavily dependent on them for their food supplies, which are now getting disrupted because of the war; and this disruption would continue since the war is also affecting the acreage being sown under foodgrains there.

  • | Sri Lanka 5 rupie Cricket World Cup | MR Online

    Reflections on the Sri Lankan economic crisis

    The American establishment and the new cold-warriors of that country put the blame on the Sri Lankan government’s developing close economic relations with China (and we shall no doubt hear much more of it in the coming days); others blame the sheer “irresponsibility” of the government which is accused of “sleeping” when Sri Lanka’s external debt was building up.

  • | Russian War on Ukraine Two Local Perspectives | MR Online

    Ukraine and the Global economic war: barbarism or civilisation?

    DOES the Ukraine war and the action of the U.S., EU, and the UK spell the end of the dollar as the world’s reserve currency? Even if the peace talks between Russia and Ukraine reach a 15-point peace plan, as Financial Times has reported, the fallout for the dollar still remains.

  • | httpspeoplesdemocracyin20220327 pdirony sanctions against russia | MR Online

    The irony of sanctions against Russia

    The juggling which U.S. imperialism has to do to maintain its hegemony becomes more bizarre by the day. First, it kept needling Russia (“provoking the bear”) “on behalf of the western alliance” by expanding NATO to its very borders, knowing full well that Ukraine’s joining NATO would be totally unacceptable to Russia.

  • | Globalisation and the Relocation of Capital and Labour | MR Online

    Globalisation and the relocation of capital and labour

    The twin phenomena associated with contemporary globalisation, of migration of capital from the metropolis to parts of the third world, and of migration of labour from the erstwhile second world to the metropolis, have the effect of weakening the working class movement everywhere.