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Neo-liberalism

Consolidation Without Redistribution: The Budget and the Remaking of the Indian State

8 February 2026 - by Sushovan Dhar

“India’s fiscal credibility today rests on a deliberate shift toward capital formation.” – Economic Survey 2025–26 The Economic Survey 2025–26 defines India’s fiscal credibility in narrow but confident terms. It emphasises a deliberate (…)
What the night teaches: toward a New Left in an age of unfreedom

22 December 2025 - by Sushovan Dhar

Something fundamental has shifted in India. We can sense it not only in the obvious places—parliament, television studios, election rallies—but in the slower, quieter zones of life: in schools, where fear becomes a language; around village wells, (…)
Chile: another turn to the right?

16 November 2025 - by Michael Roberts

Chile has a general election today. Around 15m voters can take part in the first round to elect a new president, the lower house and half the seats of the senate. Incumbent President Gabriel Boric, who was elected in 2021, is constitutionally (…)
The World After American Decline

21 October 2025 - by Michael Roberts, Arman Spéth

Donald Trump has abandoned the project of neoliberal globalization in a desperate bid to reverse America’s decline. It’s cut the ground from underneath Washington’s junior partners and left the European Union floundering. Describing the state (…)
Nepal’s Republic in Crisis: After the Streets Erupted

15 October 2025 - by Sushovan Dhar

Seventeen years after the palace’s fall, Nepal’s fragile republic faces another reckoning. The September uprising revealed a generation’s anger and the unfulfilled promises of democracy. “Down with corruption!” “No more lies!” “We want jobs, (…)
Nepal’s Protests Are the Result of a Blocked Revolution

28 September 2025 - by Sushovan Dhar

When Nepal became a republic in 2008, it aroused hopes for a fundamental transformation of Nepali society. The inability of Nepal’s left parties to deliver on those hopes created a mood of discontent among young people that exploded over the last (…)
Nepal joins regional wave of revolt as popular anger at repression and inequality spreads across South Asia

12 September 2025 - by Sankha Subhra Biswas

Since 2022, a wave of movements that originated in Sri Lanka has spread across South Asia. In Bangladesh, the anti-quota movement sparked widespread protests in 2024, prompting the Sheikh Hasina government to respond with severe repression. In (…)
Nepal: Reformism Fails Once Again!

10 September 2025 - by Imran Kamyana, Rahul J.P.

Nepal has been gripped by explosive events over the past two days. The brave and courageous protests of tens of thousands of young people have shaken the entire state structure. Since this movement is being led by very young activists, it is (…)
Real and fake antidotes to Trump’s latest tariffs, seen from South Africa

10 July 2025 - by Patrick Bond

U.S. President Donald Trump apparently aims to reassert his power to cause a full-blown economic catastrophe, perhaps reminiscent of 1930s-scale Make America Great Depression Again. The self-harm to his own MAGA lower-middle-class social base – (…)
Inclusive Growth or Entrapment? Unpacking the Microfinance Paradox in India

24 May 2025 - by Soumya Sahin

Abstract Microfinance in India emerged with a promise—to democratise credit and empower the poor. But behind the polished rhetoric of “financial inclusion” lies a more complicated truth. This article explores the rise of microfinance not just as (…)
Made in Sri Lanka, Taxed in America, and Failed by the IMF

9 April 2025 - by Taniya Silvapulle

On 2 April 2025, U.S. President Donald Trump announced the ‘Liberation Day’ tariffs, imposing trade measures on partners across the globe. The policy included a baseline 10% tariff on all imports, along with strict, country-specific ‘reciprocal (…)
The Kenyan Uprising

17 October 2024 - by Zachary J. Patterson

More than two months after its government’s controversial Finance Bill 2024 sparked widespread unrest, the flame of resistance remains bright across Kenya. The youth-led struggle—largely forged on social media platforms like X (formerly Twitter), (…)
India : Analysis of Budget 2024–25, Part 1: Declining Budget Outlay

19 June 2024 - by Neeraj Jain

We have shown in considerable detail in previous articles published in the Janata Weekly on the economic situation in the country in early 2024 that the Indian economy is in deep crisis. The actual growth rate of the economy is much less than is (…)
Newsflash: Inequality in Neoliberal America

31 May 2024 - by David Schultz

If anyone is perplexed or surprised why Americans are so upset about the economy, they should look no further than the Income Distribution and Dynamics in America (IDDA) recent report by the Federal Reserve Board of Minneapolis and its data (…)
Global

Bitcoin 24

16 April 2024 - by Michael Roberts

Last week, Sam Bankman-Fried was sentenced to 25 years in prison. He ran the highly successful FTX bitcoin hedge fund that supposedly made millions for his clients. But Friedman was exposed and convicted of stealing $8 billion from his FTX (…)
Portugal: swinging right?

11 March 2024 - by Michael Roberts

Portugal has a general election today, only two years from the last one. It’s taking place early because the Socialist prime minister Costa was forced to call it after a serious of corruption scandals concerning government ministers. Also a (…)
South Africa’s failed infrastructure privatisation and deregulation

12 February 2024 - by Patrick Bond, Greg Ruiters

Introduction The South African state is commonly said to be ‘failing’ – not only because yet again at the end of 2023, a recession hit. An alleged fiscal crisis, in the form of a public debt to GDP ratio in excess of 70 percent (mostly due to (…)
Marrakech counter-summit demands: debt, microcredit, climate justice, food sovereignty, social movements, migration...

4 November 2023 - by CADTM International, Collective

As one of the outcomes of the IMF-World Bank counter-summit held in Marrakesh, the workshops held from 13 to 14 October 2023 produced a number of proposals, which were complemented by a plenary session on 15 October 2023. INTERNATIONAL (…)
US economy expanding?

28 October 2023 - by Michael Roberts

The first estimate of third quarter real GDP growth in the US was released yesterday. It showed the US economy expanded by an annualised rate of 4.9%. The Financial Times called this a “blistering pace that, not for the first time, defied (…)
Chile: 50 years after the disgrace Neoliberalism at gun point

7 September 2023 - by Eric Toussaint, Roberto González Amador

The coup against the government of Chile’s constitutionally elected president Salvador Allende, which marks its fiftieth anniversary this year, brought to a brutal and violent stop the course of several Latin American countries towards welfare (…)
Macron’s up against the wall, let’s not let the 49.3 save him

20 March 2023 - by Léon Crémieux

Macron and his government have just attempted to force their way through on 16 March, by trying to impose their law on pensions without any vote in the National Assembly by using Article 49.3 of the Constitution, a real “hold-up”, allowing them (…)
Davos 23: going pear-shaped

23 January 2023 - by Michael Roberts

This week, the jamboree of the rich global elite of the World Economic Forum (WEF) has started again after the COVID interregnum. Top political and business leaders have flown in on their private jets to discuss climate change and global (…)
Bank Privatization and the Never-finished Neoliberal Agenda

25 October 2022 - by C P Chandrasekhar

The long-standing debate on whether India’s public sector banks should be privatized has resurfaced in recent days. Two articles, besides numerous statements from advocates of ‘reform’, triggered this round of debate—one wittingly and the other, (…)
Down the Jackson Hole

27 August 2022 - by Michael Roberts

Jay Powell, the chair of the US Federal Reserve, made a keynote speech at the annual summer symposium of central bankers in Jackson Hole, Wyoming, USA. This was closely watched by financial investors and economists to see if Powell was going to (…)