By Deputy Editor, Surabhi Chhikara What do the 2022 FIFA World Cup, 1970 oil boom and the recent release of the film Aadujeevitham (Goat Life) have in common? They all relate to the Gulf countries and more precisely to the kafala system- a legal framework that has brought both wealth and tears to migrant labourers [...]
Category: Capitalism
Economy, Power and Politics
( By Rama Vivek Gulavani, Junior Editor ) The year was 1919, when the Palace of Versailles stood on the outskirts of Paris, waiting to create global history. The marble walls of the hall of mirrors had the presence of 27 delegations representing 32 powers. The four representatives of the principal allied powers—France, the USA, [...]
Cryo-nomics: The Cost of Chasing Immortality
By Urvika Mehra, Junior Editor Cryonics. If you’re familiar with this term from science fiction, you probably think it involves freezing rich, delusional, Elon Musk wannabes who refuse to accept the idea of death. You might be surprised to know that almost every part of that sentence is grossly inaccurate. This article explores why that [...]
Internet-Based World of Labour
By Annavajhula J C Bose, PhD Department of Economics, SRCC Online Platform Economy refers to economic activities orchestrated by a system of internet connected processes (digital platforms). It refers to “economic and social activity facilitated by platforms. Such platforms are typically online sales or technology frameworks. By far the most common type are "transaction platforms", [...]
Heterodox II
By Annavajhula J C Bose, PhD Department of Economics, SRCC Professor Frederic Sterling Lee (known to his family as Fritz), whom you see above, was a committed intellectual powerhouse of heterodox economics. Surely, no one had championed and laboured for the cause of heterodoxy communitarianism as he did till he breathed his last at the [...]
PINK: THE COLOUR OF MONEY
EXPLORING THE PURCHASING POWER OF THE LGBTQ+ COMMUNITY By Shreya Srikoti, Deputy Editor INTRODUCTION The LGBTQ+ communities have come a long way. From being taboo in society to being accepted as they are, their journey is full of struggle and hardships. But, their journey does not merely end in being accepted in society as a [...]
K FOR CAPITALISM: Korean Chaebols & the Growth of a Nation
by Surabhi Chhikara Deputy Editor Source Whether or not one claims to be unaffected by the Korean wave or ‘Hallyu’, they cannot deny they’ve heard of it- be it BTS, finger-hearts or kimchi. At a time when South Korea or the Republic of Korea to be precise, has made huge leaps in terms of its [...]
Finance and Nature
By Annavajhula J.C. Bose, PhDDepartment of Economics, SRCC The Marxists are very clear about capitalism as inherently abusive of nature: “…the impacts of climate change are becoming a daily reality for ordinary people around the globe, in the form of a seemingly unending round of extreme weather events that range from record snow to total [...]
Capitalismo ed Economia: Reckoning with Douglas Dowd
By Annavajhula J.C. Bose, PhDDepartment of Economics, SRCC What do we need to know about the economy? What must be done so that the economy better serves human, social and environmental needs? In seeking answers to these questions, have you ever suspected or known in your bones that something is terribly wrong with our socio-economy, [...]
Why Some Have So Much While Others Have So Little
By Annavajhula J.C. Bose, PhD Department of Economics, SRCC How can a loving father answer his 12-year-old daughter with the query, why so much inequality between people in this world? That is what Yanis Varoufakis has done—seeing the economy squarely for what it is, as the unequal economy. The economy is too important to be [...]