Category Archives: Global crisis

Revolution Against Greed – Part 2

“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

Stop Taxcuts-fueled Consumer-driven Economy Which has Led the US to the Brink of Impending Bankruptcy

By Dr. Susmit Kumar, Ph.D.
susmitkumar.net​

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 …

The Debt Crisis

[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 …

Why Is Capitalism Taking So Long To Collapse?

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 odds …

“I’M Finished”

By Dr. Susmit Kumar

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 …

370: From Tragedy to Humility

By Taraka

Tsaalun chu vzmala ta trattay
Tsaalun chu mandinyan gattakaar
Tsaalun chu paan-panun kaddun grattay
Heyti maali santuush vaati paanay.
Lalla Ded

[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.]

Article 370 of the Indian Constitution, …

A Failure Analysis of the US Economy

By Apekshit Mulay (Apek), Microtech Analytical Labs
engmulay@gmail.com

Introduction

As failure analysis engineers for companies, our job is to find the root cause of failure and recommend changes in design, process, tests, etc. to fix the problem. This type of analysis has become an important part of semiconductor mass production, which makes electronics cheaper and affordable for consumers. At the …