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Total Rerun of Neo-Liberal Policies Won’t Work in a Post-Pandemic World -Prabhat Patnaik

-Newsclick.in The Biden administration is realising this. The need of the hour, therefore, is to build a post-pandemic growth strategy centred on an increase in public investment and public spending. The period of neo-liberalism witnesses an increase in the share of economic surplus in total output both in individual countries and also for the world as a whole. This is because the “opening” up of the economy to freer trade in goods...

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Modi’s India proves that liberal economics can happily coexist with political illiberalism -Indrajit Roy

-Scroll.in Going against conventional wisdom, the Indian middle class is not a source of liberalism. A profound contradiction lies at the heart of contemporary India’s political economy. On the one hand, it embraces Economic Liberalism. In September 2020, it legislated laws aimed at liberalising agriculture from state-guaranteed protections. The recent budget, passed in February, was high on promises of accelerating divestment of public sector undertakings. On the other hand, however, this enthusiasm...

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The NEP and liberal arts education -Krishna Kumar

-The Hindu The draft’s endorsement of critical thinking would have gained credibility if it had promoted liberal values A few months ago, a school principal told me about her conversation in the morning assembly with children of the middle (Grades VI-VIII) section. She had asked them for suggestions to turn the school into heaven. Some children suggested a garden, with trees, grass, and flowers blossoming all year round. Others pointed out that...

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Make no mistake: Agriculture alone has the potential to reboot the economy -Devinder Sharma

-National Herald Agriculture, food and trade policy expert Devinder Sharma writes: “My understanding is that only agriculture can reboot the economy, sustain millions of livelihoods, and reduce global warming.” At a time when Nobel laureate Joseph Stiglitz says that neo-liberalism is ‘dead and buried’, and the world as a result is increasingly grappling with the gigantic problems of rising unemployment, gnawing inequality and climatic change reaching a tripping point, agriculture alone has...

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The NYAY Scheme of the Congress -Prabhat Patnaik

-Newsclick.in NYAY amounts to a largesse by the government, an act of charity towards the bottom quintile, not the institution of a universal economic right to decent living. My attitude to the NYAY scheme of the Congress is similar to my attitude to a benevolent monarchy. While a benevolent monarchy is better than a tyrannical one, any monarchy is repugnant compared to a republic. Likewise compared to the current neo-liberal regime any...

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