Last week, 50 million shopkeepers and traders staged a bandh against the government decision to allow 51% foreign investment in multi-brand retail chains. What this actually proved was the hollowness of the claim of small shopkeepers to be weak underlings […]

Karl Marx believed that workers created all true value in corporations, and so corporate profits amounted to employee deprivation. He saw that capital was required as an input, but felt that true value was created by employees, not capitalist owners.

Kingfisher Airlines is deep in the red. Should the government organize its rescue? Critics say that it has already been rescued in the past thanks to Vijay Mallya’s political clout, yet it has never made a profit since inception. When

Elite journals like Economic and Political Weekly are full of articles describing Indian economic policy as neo-liberal. This might lead readers to think that India has become a haven of economic freedom, a business paradise. Anybody who has actually tried

The withdrawal of US troops from Iraq by the year-end will probably be followed by a much bigger US withdrawal from the Persian Gulf. Policy analysts have long assumed that the US must have a dominant military presence in the

The withdrawal of US troops from Iraq by the year-end will probably be followed by a much bigger US withdrawal from the Persian Gulf. Policy analysts have long assumed that the US must have a dominant military presence in the

Indians were bewildered by last year’s rise in the US of the Tea Party, middle class protestors against high taxes, budget deficits and Big Government. Indians more easily understand the Occupy Wall Street (OWS) movement with its class war rhetoric—

Despite a slowing world economy, India’s exports are booming. After growing 38% in 2010-11, they are growing even faster this year – by 46.4% in June, 81 % in July and 44% in August. This beats even China hollow. Cynics