CRISIS OF CAPITALISM – CATASTROPHE FOR WORKERS

As anticipated, Central Statistical Organisation (CSO) announced on 31st August that the Gross Domestic Product (GDP) in Quarter ending June 2020 shrunk by 23.9% compared to the same period in previous Financial Year. All sectors of the economy except Agriculture show massive decline – construction -50%, Manufacturing -39.3%, Services -20%, Electricity -7%, Trade & Hotels … More CRISIS OF CAPITALISM – CATASTROPHE FOR WORKERS

PACKAGE OF 20 LAKH CRORES OF RUPEES: A HOAX AS USUAL AT THE FIRST SIGHT, NOTHING FOR MIGRANT WORKERS EITHER

Modi’s yesterday’s announcement of a mammoth package of 20-lakh crores of rupees shot a bold headline, yet it seems to be a hoax at the first sight. There is also no address to the woes of the migrant workers either which reasserts a sight of complete apathy. The talk of ‘labor’ (one of the four … More PACKAGE OF 20 LAKH CRORES OF RUPEES: A HOAX AS USUAL AT THE FIRST SIGHT, NOTHING FOR MIGRANT WORKERS EITHER

KEEP HUMILIATING THE WORKERS, AT THE END YOU MAY HAVE NO ECONOMY AT ALL

This year Labour Day (May Day) came at a time when laborers were struggling to even survive. The unbelievable humiliations and tortures meted out to them when they tried to walk home is not only heart breaking, it rings a very coarse warning. The heart-rending story of the death of 16 workers, sleeping on rail … More KEEP HUMILIATING THE WORKERS, AT THE END YOU MAY HAVE NO ECONOMY AT ALL

COVID-19 HASTENS THE HEALTH AND ECONOMIC CRISIS IN INDIA

Revisiting Pre-Covid 19 and Analyzing Post-Covid 19 Public Health Care Failure The apocalyptic impact of COVID-19 upon the working class and poor sections of the society has pushed them deeper into an excruciating abyss of poverty, hunger and unemployment. The chaotic and miserable atmosphere replete with scenes of reverse migration, panic over food within just … More COVID-19 HASTENS THE HEALTH AND ECONOMIC CRISIS IN INDIA

COVID-19 & THE ECONOMIC CRISIS

M Aseem // It was Karl Marx who enriched humanity by developing the scientific methodology of historical materialism to analyse the system of social production. But even ancient Greeks in the time of Aristotle knew that no value could be produced without employing human labour. Capitalist owners, shareholders, managers and their courtiers from the ‘intelligentsia’ … More COVID-19 & THE ECONOMIC CRISIS