Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | It never trickles down -Prabhat Patnaik    </title>
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-The Hindu

The state has become exclusively concerned with the interests of globalised capital and the domestic corporate-financial oligarchy aligned with it. The income squeeze on peasants is one consequence

Central to the &ldquo;reforms&rdquo; introduced in 1991 was not a &ldquo;retreat of..."/>
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-The Hindu

The state has become exclusively concerned with the interests of globalised capital and the domestic corporate-financial oligarchy aligned with it. The income squeeze on peasants is one consequence

Central to the &ldquo;reforms&rdquo; introduced in 1991 was not a &ldquo;retreat of..." />
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                            <div align="justify">-The Hindu<br /><br /><em>The state has become exclusively concerned with the interests of globalised capital and the domestic corporate-financial oligarchy aligned with it. The income squeeze on peasants is one consequence<br /></em><br />Central to the &ldquo;reforms&rdquo; introduced in 1991 was not a &ldquo;retreat of the state&rdquo; in favour of the &ldquo;market&rdquo; as is commonly supposed, but a change in the nature of the state. This change was not necessarily a conscious decision; it was more a &ldquo;spontaneous&rdquo; outcome of the introduction of the &ldquo;reforms&rdquo; themselves.<br /><br />Since the &ldquo;reforms&rdquo; entailed the opening of the economy to freer cross-border flows of goods and capital, including of finance which is highly mobile and whose sudden outflow can precipitate a financial crisis, the state under a &ldquo;reform regime&rdquo; necessarily has to ensure that the &ldquo;confidence&rdquo; of the international financiers in the economy remains intact. State policy therefore must always be to their liking.<br /><br />This means that instead of a state that apparently stands above all classes even while promoting capitalist development, and that protects traditional petty producers, including the peasantry and the workers, against encroachments by capital, despite being a bourgeois state, as was the case earlier, the &ldquo;reform regime&rdquo; creates a state that becomes exclusively concerned with the interests of globalised capital, and the domestic corporate-financial oligarchy aligned with it.<br /><br />Please <a href="http://www.thehindu.com/opinion/op-ed/it-never-trickles-down/article8898000.ece" title="http://www.thehindu.com/opinion/op-ed/it-never-trickles-down/article8898000.ece">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://www.thehindu.com/opinion/op-ed/it-never-trickles-down/article8898000.ece" class="re" target="_blank">The Hindu, 26 July, 2016, http://www.thehindu.com/opinion/op-ed/it-never-trickles-down/article8898000.ece</a><div class="clear"></div>
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        LATEST NEWS UPDATES | It never trickles down -Prabhat Patnaik    </title>
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-The Hindu

The state has become exclusively concerned with the interests of globalised capital and the domestic corporate-financial oligarchy aligned with it. The income squeeze on peasants is one consequence

Central to the &ldquo;reforms&rdquo; introduced in 1991 was not a &ldquo;retreat of..."/>
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-The Hindu

The state has become exclusively concerned with the interests of globalised capital and the domestic corporate-financial oligarchy aligned with it. The income squeeze on peasants is one consequence

Central to the &ldquo;reforms&rdquo; introduced in 1991 was not a &ldquo;retreat of..." />
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    <h1 class="cat-box-title">It never trickles down -Prabhat Patnaik</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>The state has become exclusively concerned with the interests of globalised capital and the domestic corporate-financial oligarchy aligned with it. The income squeeze on peasants is one consequence<br /></em><br />Central to the &ldquo;reforms&rdquo; introduced in 1991 was not a &ldquo;retreat of the state&rdquo; in favour of the &ldquo;market&rdquo; as is commonly supposed, but a change in the nature of the state. This change was not necessarily a conscious decision; it was more a &ldquo;spontaneous&rdquo; outcome of the introduction of the &ldquo;reforms&rdquo; themselves.<br /><br />Since the &ldquo;reforms&rdquo; entailed the opening of the economy to freer cross-border flows of goods and capital, including of finance which is highly mobile and whose sudden outflow can precipitate a financial crisis, the state under a &ldquo;reform regime&rdquo; necessarily has to ensure that the &ldquo;confidence&rdquo; of the international financiers in the economy remains intact. State policy therefore must always be to their liking.<br /><br />This means that instead of a state that apparently stands above all classes even while promoting capitalist development, and that protects traditional petty producers, including the peasantry and the workers, against encroachments by capital, despite being a bourgeois state, as was the case earlier, the &ldquo;reform regime&rdquo; creates a state that becomes exclusively concerned with the interests of globalised capital, and the domestic corporate-financial oligarchy aligned with it.<br /><br />Please <a href="http://www.thehindu.com/opinion/op-ed/it-never-trickles-down/article8898000.ece" title="http://www.thehindu.com/opinion/op-ed/it-never-trickles-down/article8898000.ece">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://www.thehindu.com/opinion/op-ed/it-never-trickles-down/article8898000.ece" class="re" target="_blank">The Hindu, 26 July, 2016, http://www.thehindu.com/opinion/op-ed/it-never-trickles-down/article8898000.ece</a><div class="clear"></div>
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        LATEST NEWS UPDATES | It never trickles down -Prabhat Patnaik    </title>
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-The Hindu

The state has become exclusively concerned with the interests of globalised capital and the domestic corporate-financial oligarchy aligned with it. The income squeeze on peasants is one consequence

Central to the &ldquo;reforms&rdquo; introduced in 1991 was not a &ldquo;retreat of..."/>
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-The Hindu

The state has become exclusively concerned with the interests of globalised capital and the domestic corporate-financial oligarchy aligned with it. The income squeeze on peasants is one consequence

Central to the &ldquo;reforms&rdquo; introduced in 1991 was not a &ldquo;retreat of..." />
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    <h1 class="cat-box-title">It never trickles down -Prabhat Patnaik</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>The state has become exclusively concerned with the interests of globalised capital and the domestic corporate-financial oligarchy aligned with it. The income squeeze on peasants is one consequence<br /></em><br />Central to the &ldquo;reforms&rdquo; introduced in 1991 was not a &ldquo;retreat of the state&rdquo; in favour of the &ldquo;market&rdquo; as is commonly supposed, but a change in the nature of the state. This change was not necessarily a conscious decision; it was more a &ldquo;spontaneous&rdquo; outcome of the introduction of the &ldquo;reforms&rdquo; themselves.<br /><br />Since the &ldquo;reforms&rdquo; entailed the opening of the economy to freer cross-border flows of goods and capital, including of finance which is highly mobile and whose sudden outflow can precipitate a financial crisis, the state under a &ldquo;reform regime&rdquo; necessarily has to ensure that the &ldquo;confidence&rdquo; of the international financiers in the economy remains intact. State policy therefore must always be to their liking.<br /><br />This means that instead of a state that apparently stands above all classes even while promoting capitalist development, and that protects traditional petty producers, including the peasantry and the workers, against encroachments by capital, despite being a bourgeois state, as was the case earlier, the &ldquo;reform regime&rdquo; creates a state that becomes exclusively concerned with the interests of globalised capital, and the domestic corporate-financial oligarchy aligned with it.<br /><br />Please <a href="http://www.thehindu.com/opinion/op-ed/it-never-trickles-down/article8898000.ece" title="http://www.thehindu.com/opinion/op-ed/it-never-trickles-down/article8898000.ece">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://www.thehindu.com/opinion/op-ed/it-never-trickles-down/article8898000.ece" class="re" target="_blank">The Hindu, 26 July, 2016, http://www.thehindu.com/opinion/op-ed/it-never-trickles-down/article8898000.ece</a><div class="clear"></div>
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Home हिन्दी

It never trickles down -Prabhat Patnaik

Published on Jul 26, 2016   Modified on Jul 26, 2016

-The Hindu The state has become exclusively concerned with the interests of globalised capital and the domestic corporate-financial oligarchy aligned with it. The income squeeze on peasants is one consequence Central to the “reforms” introduced in 1991 was not a “retreat of the state” in favour of the “market” as is commonly supposed, but a change in the nature of the state. This change was not necessarily a conscious decision; it was more a “spontaneous” outcome of the introduction of the “reforms” themselves. Since the “reforms” entailed the opening of the economy to freer cross-border flows of goods and capital, including of finance which is highly mobile and whose sudden outflow can precipitate a financial crisis, the state under a “reform regime” necessarily has to ensure that the “confidence” of the international financiers in the economy remains intact. State policy therefore must always be to their liking. This means that instead of a state that apparently stands above all classes even while promoting capitalist development, and that protects traditional petty producers, including the peasantry and the workers, against encroachments by capital, despite being a bourgeois state, as was the case earlier, the “reform regime” creates a state that becomes exclusively concerned with the interests of globalised capital, and the domestic corporate-financial oligarchy aligned with it. Please click here to read more.

The Hindu, 26 July, 2016, http://www.thehindu.com/opinion/op-ed/it-never-trickles-down/article8898000.ece

Tagged with: Economic Development Economic Disparity Economic Growth Economic Inequality Economic Reforms Farmers Capitalism rural distress agrarian crisis

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