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Total Matching Records found : 187

Concern over Corruption by prabhat patnaik

There is no gainsaying that corruption breeds cynicism which undermines the democratic foundations of our polity. There is no gainsaying, too, that corruption results in a net shift of resources away from the poor. There can therefore be no two opinions about the need for controlling corruption through an appropriate lok pal bill. But the impression is unavoidable that the current hullabaloo about ‘corruption’ constitutes a case of mistaken identity:...

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Anna Hazare and Gandhi by prabhat patnaik

To call Anna Hazare the 21st-century Gandhi, as some have started doing, is pure hyperbole, but many would see a similarity in their methods — in particular, in their resorting to fasts to achieve their objectives. This, however, is erroneous. Indeed, the fact that so many people consider Anna Hazare’s method to be similar to Gandhiji’s only indicates how little contemporary India remembers or understands Gandhiji. Gandhiji undertook 17 fasts in...

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Commodities and Corruption by prabhat patnaik

Capitalism is supposed to bring in modernity, which includes a secular polity where ''babas'' and ''swamys'', qua ''babas'' and ''swamys'', have no role. Many have even defended neo-liberal reforms on the grounds that they hasten capitalist development and hence our march to modernity. The Left has always rejected this position. It has argued that in countries embarking late on capitalist development, the bourgeoisie allies itself with the feudal and semi-feudal...

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Growth as tool to alleviate poverty

The Prime Minister's focus on double-digit growth is not due to any ‘growth mania'. It is for the benefit of the poor. At a recent function for police officers, the Prime Minister observed: “If we don't control Naxalism, we have to say goodbye to our country's ambition to sustain a growth rate of 10 to 11 per cent per annum.” Some commentators (like Prof prabhat patnaik of JNU) interpret this (in a...

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An indictment of the World Bank schemes by K Subramanian

THE WORLD BANK IN INDIA - Undermining Sovereignty, Distorting Development: Edited by Michele Kelley, Deepika D'Souza; Orient Blackswan, 3-6-752, Himayatnagar, Hyderabad-500029. Rs. 895. This book is a collection of essays covering an array of economic issues ranging from agriculture, poverty, food security, power, water, to governance, environment impact and sustainability of growth, and the impact of the World Bank on them. Even a cursory reading would show that it is a...

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