( 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, [...]
Tag: Capitalism
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 [...]
Beyond the Boundary
By Rama Vivek Gulavani, Junior Editor Source Virat Kohli, the former captain of the Indian cricket team, once said, “The bat is not a toy; it is a weapon”. While the sportsman was referring to his game, India has proved his statement true in various fields. Born in southeast England, the first documented proof of [...]
From Inflation to Greedflation: Unravelling the Economic Journey
Post-COVID-19, "Greedflation" emerges as businesses exploit crises, raising prices for profit. Globally, increased corporate profits fuel inflation, impacting consumer purchasing power, wealth inequality, and investments. Some see it as a threat to capitalism, while skeptics attribute inflation to rising wages. Resolving Greedflation requires a balanced, comprehensive approach with regulatory measures and public awareness.
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 [...]
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 [...]
Corporates and State are After You
By Annavajhula J C Bose, PhD Department of Economics, SRCC Like George Orwell’s portrayal of state or party surveillance (Big Brother is Watching You), Shoshana Zuboff, as you see above, has got a ground breaking portrayal of the surveillance capitalist practices of corporations such as Google, Facebook and Microsoft. Shoshana, a radical professor retired from [...]
Counting the cost of freedom
By Junior Editor, Gitika Arora According to the Global Slavery Index, there are an estimated 40.3 million people who are victims of modern slavery worldwide. Shocking, right? This can take many forms, including forced labor, forced marriage, and human trafficking. Unfortunately, this is a growing global problem that affects people of all ages, genders, and [...]
Ideology and Consumption
By Vedika Sakhardande, Deputy Editor Until the 1930s in Soviet Russia, there was a strong practice of asceticism. In a state where the ideology of “everybody is equal” prevailed there needed to be no demonstration of social status using clothes. In the media, there was an active condemnation of the individual desire to consume more. [...]