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... Continue Reading →

AN OUTBREAK OF ANTI-WORKER REFORMS

S Raj // As the novel corona virus outbreak gave birth to a menacing pandemic which has currently gripped humanity, the world is in a state of lockdown with all production and economic activities coming to an unprecedented halt. In such times when the world capitalist order already faces a permanent crisis, such developments has... Continue Reading →

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’... Continue Reading →

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