-Newsclick.in World Capitalism is entering a new phase in which Third World economies will witness persistent outflow of finance, even if they raise interest rates in tandem with US rates. There are two defining and portentous features of the current world economic situation. One, which is well discussed, is the world-wide increase in interest rates in response to the pervasive inflationary upsurge; it would indubitably generate recession and unemployment, which, notwithstanding all...

-The Telegraph A system without any steering control An essential characteristic of modern Capitalism is that the living conditions of millions of people are determined by the whims and caprices of a handful of financial speculators; indeed, that is what ‘leaving things to the market’ really entails. Consider what is happening in India today. There is a massive outflow of finance from the country because of which the rupee is depreciating  vis-à-vis...

-TheWire.in Commentators see the National Education Policy 2020's emphasis on choice, modularity and autonomy as disquieting because they see it as pushing the education system into a neoliberal governance mode. In a perspicacious commentary on the National Education Policy 2020 (NEP), social scientist Satish Deshpande noted that multiple exit options “will certainly help in renaming drop-outs as certificate or diploma-holders. But they cannot ensure that these credentials will bring significant benefits for...

-Hindustan Times At 54.9 million, young men and women in the 18-30 age group constitute 36.5%of the total voters in the ongoing assembly elections in Uttar Pradesh. Gorakhpur: Uttar Pradesh is home to 54.9 million young men and women who are in the 18-30 age group. That is approximately 36.5% of the total voters in the ongoing assembly elections. For an overwhelming majority of this cohort, the 2014 Lok Sabha and the 2017...

-The Hindu There is a gap between what the goverment says on the international stage and what it does at home At the 26th session of the Conference of the Parties (COP26) to the UN Framework Convention on Climate Change, the developed countries, which continue to be the most responsible for the destruction of the biosphere, resorted to their usual tactics of bullying the less developed world to accept higher targets for...