China and India are heading towards an elephantine showdown. Both powers may aspire to be the sovereign power of Asia, if not of the world. The ailing US somehow sees an opportunity in actively supporting India against China.
The US is the embodiment of global capitalism. Despite being in shambles economically, socially, and politically, the US …
“Regarding earning money and hoarding wealth, most vaeshyas [capitalists] today are pishácavats [ghouls, vampires]. In Sanskrit pisháca means “one who breaks the neck of an animal and then sucks out all the blood, leaving only the flesh and bones”. In India it is said that it is extremely difficult to understand the nature of these bloodsuckingpisháca vaeshyas – because when
“Gold? yellow, glittering, precious gold?…
Thus much of this will make black white, foul fair,
Wrong right, base noble, old young, coward valiant.
Ha, you gods! why this? what this, you gods? Why, this
Will lug your priests and servants from your sides,
Pluck stout men’s pillows from below their heads:
This yellow slave
Will knit and break religions, bless
By P.R. Sarkar
(13 September, 1987) – Each and every movement in this universe is systaltic. Nothing ever moves in a straight line. Due to this systaltic motion, internal clash and cohesion takes place. The ups and downs of socio-economic life in different phases of the social order are sure to take place due to this systaltic principle. When the …
The global trend of wealth concentration does not bode well for global capitalism. A main precursor of its armageddon is that the money accumulated by capitalists stops circulating and remains inert or unutilized. The huge hoarders think that if “their” money are allowed to roll freely then their profits will decrease, even though it will bring relief to the common …
The Modi government needs to stop listening to the US-educated economists’ mantra of trickle-down economy, i.e. to use taxcuts to fuel a consumer-driven economy. The same mantra has led the US to the brink of impending bankruptcy. It should not increase the income-tax exemption limit from 2.5 lac rupees. Instead it should use the …
[PROUT Globe] – The term ”debt crisis” describes the situation where countries are unable to pay their foreign debt. Topically, African and Latin American countries have been compelled to spend the major part of income from their exports on paying off foreign debt, forcing them to take new loans to pay old loans. The result: the more they pay the …
The existence of powerful international bodies and their frequent interaction with world stage politicians, is the main structural reason that enables global capitalism today to somehow keep its head above water in an otherwise lost game.
[May 29, 2015] – All over the world, experts and laypeople alike are increasingly wondering about the apparent resilience of global capitalism. Against all …
During economic recessions the United States reduces it interest rate. At the moment it stands at near zero in order to spur growth and reduce unemployment.
On the other hand, having to swallow the bitter pills of IMF, aid recipients are required to increase their interest rates by double digits, which leads to an increase in …
[Patience to endure lightning and thunder Patience to face darkness at noon Patience to be ground in a grinding mill Be patient, whatever befalls Doubting not, He will come to you.]