My Book ‘PIKETTY MARX AND CAPITAL’ in Kindle edition:


Piketty Marx and Capital (Kindle edition).jpg 1

This book is a critique of Thomas Piketty’s much acclaimed work ‘Capital in the Twenty-First Century’. While critically examining the book, it brings out the major contradictions and inconsistencies inherent in Piketty’s treatment of the subject. Piketty’s pious wish to resurrect the spirit of classical political economy on the one hand, and his pragmatic preference for the big data methodology on the other hand, has been dealt as the first major inconsistency of his book. Piketty’s theoretical genealogy has been traced to Etiênne Bonnet de Condillac (1715-1780). In course of the critique, the book surveys the evolution of economic theories and schools as well as that of the contradictions inherent in the capitalist mode of production.

Piketty’s book has been compared with Karl Marx’s ‘Capital’ and some reviewers have christened it ‘Capital 2.0’. Piketty too has been called ‘Modern Marx’ or ‘Bigger than Marx’ by some critics. Moreover, Marx’s long shadow is quite apparent in his book from beginning to end. At every point, before propounding his conclusions, he remembers and cites Marx, but quickly backtracks. In this background, this book extensively deals with Piketty’s ‘Yes Marx No Marx’ syndrome.

Moreover, Piketty’s book refrains from considering certain major developments of the twentieth century that are playing vital role in shaping the economy and society in the twenty-first century. Piketty desist from entering new time, and hence the content of the book does not justify the title of the book. However, no book is complete and free from certain inconsistencies. Some incompleteness, certain inconsistencies are part of a book – it keeps the door of fresh explorations, interpretations and explanations open for those who want to pursue the subject further. Hence, despite certain inconsistencies, this book thanks Mr Piketty for unequivocally drawing attention to certain realities (substantiated by data spread over two centuries) that provide enough lessons for emerging economies.

The book is divided in eight sub-titles: i. Apocalypse and Exuberance; ii. Data and Dialectics; iii. Capital Social and Self-Expanding; iv. Wealth Inherited and Created; v. Century Twentieth and Twenty-First; vi. Yes Marx No Marx; vii. London Chicago Paris; and viii. Thank You Mr Piketty. At the end of the book a list of economists who have shaped our economic thinking and practice up to our own times has been provided.



Brazil Rejects Call to Force Contact With Its Remote Tribes

The Brazilian government has strongly rejected suggestions by two U.S. anthropologists that the only way to protect the country’s isolated tribes would be to establish contact with them. Brazil’s Department of Indigenous Affairs (FUNAI) released an open letter on Thursday repudiating an article published by Robert Walker and Kim Hills in Science magazine last year,…

via Brazil Has Rejected a Call to Force Contact With Its Remote Tribes — TIME

John Smith on Imperialism in the 21st Century

John Smith’s book on imperialism is a groundbreaking work revealing the super-exploitation of the global south. Daphna Whitmore from Redline interviewed him about his book. DW: Firstly I’d like to thank you for writing Imperialism in the twenty-first century. That is a massive subject and your book covers so much interesting material – how long was it […]

via Interview with John Smith, author of Imperialism in the twenty-first century — Redline

It’s hard to know where to start in tallying up the explosive revelations in the Panama Papers, an analysis of leaked documents from global law firm Mossack Fonseca revealed by the International Consortium of Investigative Journalists (ICIJ). Yes, we’ve known for a while now that the shadow financial system was growing. But it’s another thing…

via Panama Papers Could Lead to Capitalism’s Great Crisis — TIME

A quiet spring weekend was suddenly shattered on Sunday when news of the “Panama Papers” investigation broke. The massive international project involved approximately 400 journalists across 75 countries, plowing through roughly 11.5 million documents from a secretive Panamanian law firm specializing in creating offshore holding companies. The investigation took more than a year, commencing after…

via Behind the Panama Papers: How the Massive Document Leak Came to Be — TIME

Long Live the Legacy of Comrade Vemula Rohith Chakravarthy : Statement by New Socialist Initiative (NSI)


Guest Post : Statement by New Socialist Initiative( NSI)
Comrade Rohith, we pay our deepest respects to you. We share your concerns. With you and like you we think that Systemic revolutions and great social transformations should go hand in hand. Rohith we fully agree with you that unless the oppressed are armed with scientific knowledge and rationality, revolution and emancipation remain elusive.
New Socialist Initiative pays its respects to Comrade Rohith Vemula, PhD scholar and student leader of University of Hyderabad. Rohith is not just a name of a scholar today. It has become a battle cry against the saffronisation of Indian education system. Rohith is the name of the relentless struggle against the upper caste domination in the institutions of higher education. Rohith has become a symbol of revolt against the decadence of our civilisation. Yes, Rohith committed suicide, killed himself, but not in desperation, not in…

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