A week is truly a long time in politics. On Saturday, March 11, when the assembly election results of five states were declared, the Bharatiya Janata Party’s legions of supporters were awash in euphoria. Journalists and commentators ran out of superlatives to describe the party’s victory in Uttar Pradesh and Uttarakhand: stupendous, stunning, spectacular, magnificent, monumental, and, of course, the much abused ‘historic’.
Source: A time to engage
For decades, the media have been dominated by manufactured reports. This skillful manipulation of information erased the lines between fact and opinion and gave rise to the demagogue who will sit in the Oval Office. – 2016/12/18
Source: ‘Fake News’ in America: Homegrown, and Far From New (from @Truthdig)
My Book ‘PIKETTY MARX AND CAPITAL’ in Kindle edition:
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.
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’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