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The Poverty of Economic Conservatism -Prabhat Patnaik

-NetworkIdeas.org In terms of economic policy, the Modi government must be perhaps the most conservative in the world. During the entire period of the pandemic when millions of people lost their incomes and livelihood support, most governments around the world provided universal cash transfers to the people, but not the Modi government. True, many other third world countries too did not provide such universal cash transfers, but their hands were tied;...

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India’s vaccine policy needs clarity -K Sujatha Rao

-The Hindu In seeking to pursue conflicting objectives, the policy architecture is complex and difficult to implement Contrary to popular perception, public policies are made without full knowledge or facts. More often than not, they embody assumptions arising from experience, an understanding of history, and present conditions. Considering the vast sea of unknowns surrounding COVID-19, it would be understandable to place a greater reliance on historical experience. Instead, India’s vaccine policy appears...

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The Proposal for a Minimum Global Corporate Tax Rate -Prabhat Patnaik

-NetworkIdeas.org Following its $1.9 trillion Covid-relief package, the Biden administration has further announced an infrastructure package of $2.3 trillion. But in contrast to the former which is to be spent within months, the latter is to be spent over an eight-year period. And this package in turn is to be followed by a “human infrastructure” package. All this adds up to a massive stimulus for the economy as well as a...

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KK Shailaja, Kerala's Health Minister, interviewed by AM Jigeesh (The Hindu Business Line)

-The Hindu Business Line Kerala’s handling of the Covid-19 pandemic has been the subject of international conversation about public health systems. Piloting Kerala’s fight against the pandemic is the State’s Health Minister and CPI(M)’s Central Committee member KK Shailaja who speaks exclusively to BusinessLine about the criticality of publicly-run healthcare and how the need of the hour is to nationalise the system. Excerpts: * What are the lessons to be learnt from...

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Are we listening to the lessons taught in the first year of Covid-19? -Ashish Kothari

-The Indian Express The pandemic revealed the precarious state of India’s informal sector. Localised production, trade and markets offer a better alternative to existing paradigm of development. Another wave of COVID, another round of lockdowns, another long journey back home for migrant workers. If there is one lesson we are learning after a year of COVID-19, it is that we have not learnt any lessons, at least not the crucial ones. 2020 exposed...

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