(Note: Parts of the discussion in this section is taken from P.R. Sarkar, PROUT In A Nutshell, Parts 1-22 , AMPS, Calcutta, India, 1987-1991.)
Dr. Susmit Kumar
Under their five-year plans, communist countries gave importance to large industries. In the U.S.S.R, the center was dictating the establishment of factories all over the country, which was so …
Dr. Susmit Kumar
Capitalists want to produce commodities at lowest cost and sell them at highest price. To produce commodities cheaply requires efficient transportation, cheap raw materials, cheap labour, cheap energy, adequate water supply, etc. No matter what form capitalism takes—individual capitalism, group capitalism, or state capitalism—capitalists will always prefer centralized production. All …
Dr. Susmit Kumar
More than eight millions are unemployed in the U.S. today, with little relief in sight. On the other hand, the people on Wall Street are again making hundreds of millions of dollars as if nothing has happened. If you follow the money trail, you will find that most of this money is coming out of the pocket …
Dr. Susmit Kumar
According to Paul Krugman, the economy is in the early stages of a third depression, and it will probably look more like the Long Depression of the 19th Century that followed the Panic of 1873 than the much more severe 1930’s Great Depression. According to him, the cost – to the world economy and, above all, …