As I have already mentioned, in this transitional age, the media should help our people move forward into the modern, scientific age. For this purpose the media should propagate rational and scientific ideas, but instead of doing so, a large section of our media propagates superstitions of various kinds. It is true that the intellectual level of the vast majority of Indians is very low — they are steeped in casteism,...
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The not-so-shining India by Dr Binayak Sen
TODAY, India is considered around the world as a rapidly developing country posting economic growth rates of around 8-9 percent consistently over the last several years. Along with China, which is much further ahead, India is seen as a powerhouse of the global economy in the decades to come and already it is home to a very large number of dollar billionaires, perhaps the largest such number in Asia. In...
More »Noted jurists express dismay at Prime Minister’s NREGA statement
Say there is no way the workers can be paid less than the minimum wages Open Statement on Prime Minister’s Assertion that the NREGA Wage Rate is ‘Delinked’ from the Minimum Wages Act We the undersigned are shocked at the Prime Minister’s statement in a letter to the Chairperson of the National Advisory Council that ‘statutorily the wage rate under NREGA is delinked and independent of the provisions of the Minimum...
More »Neoliberal illogic by Prabhat Patnaik
The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....
More »Speculation and the economics of hunger by Biraj Patnaik
A recent report of the UN Special Rapporteur on the Right to Food, Olivier de Schutter, provides a damning indictment of the role of speculation in food commodities in fuelling the global food crisis. The report – 'Food Commodities Speculation and Food Price Crisis – was released on the eve of an emergency meeting of the UN-FAO on the instability in agricultural markets. The global food crisis in 2007-08 led to...
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