Category Archives: Global crisis

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

Countries in black are already in debt crisis. red denotes a strong risk, orange denotes a real risk.
Countries in black are already in debt crisis. red denotes a strong risk, orange denotes a real risk.
[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 …

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 …

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 …

Globalizing the Company Town

An undated photo of the H.C. Frick Coke Company’s town of Shoaf, the Shoaf Mine tipple and Coke Works are shown in the upper right hand corner
Photo courtesy of the collections of the “Coal & Coke Heritage Center,” Penn State University Fayette Campus, Uniontown, PA

By Ravi Logan

A “company town” is a town in which all property, services, …

Global Capitalism’s Four Fatal Flaws

There are four inter-related defects inherent in global capitalism. The first fatal flaw is great concentration of wealth. Greed is the excessive and selfish pursuit of wealth or other material things, without concern about whether one’s actions deprive others of necessities. Rather than controlling this instinct, unregulated capitalism encourages it. Some proponents of free market capitalism go so far as …