India’s income inequality in 2017 may be worse than what it was during the British Raj. According to a new paper titled ‘Indian income inequality, 1922-2014: From British Raj to Billionaire Raj?’ penned by renowned economists Thomas Piketty and Lucas Chancel, India witnessed a sharp rise in the incomes of top 1 per cent post 1980s.
‘Jholawala’ is a derogatory term that India’s urban elites use to dismiss the arguments of social activists without having to contend with them. Jean Drèze is a prime example of a jholawala who is also a first-rate economist whose arguments cannot be dismissed easily. A condensed version of the thought-provoking introduction to his new book.
When a group of us visited Boatkhali Kadambini Primary School four years ago, classes were on in full swing. This primary school is at one edge of Sagar island in the Sunderbans. That entire stretch, including the Boatkhali school, has now been swallowed up by the sea, including the house in which we had stayed.
Radhika Desai writes: Read what Marx says. Pay no attention to those who tell you Capital is hard: they are merely saying ‘read my book first’. You have limited time: spend it on reading Capital. Remember, Capital was serialised in a workers’ paper. You are today’s workers and Capital is your invitation card to history.
Devinder Sharma writes: In the 12-year period between 2004-05 and 2015-16, total tax concessions given by the Indian government to industry almost equals a whopping Rs 50-lakh crore. If these tax concessions were eliminated and the additional revenue generated was instead used effectively for social betterment programmes, India could have made hunger and poverty history.
From Down to Earth: GDP does not reveal the ground truth about progress in development. The top 10% of Indians control the wealth basket while the common people—more than one billion—slide down along ‘Hunger Index’. While the government flaunts a surging economy, prevalence of hunger in India is at the “high end of serious category”.
The world’s top 1 percent held 45.5 percent of all household wealth in 2000. Now, they hold 50.1 percent, according to research by Credit Suisse. The Mukesh Ambani family, the only Indian family in Asia’s top 10 families, is also the richest in the continent, as its net worth rose $19 billion to $44.8 billion.
William Robinson highlights some revealing statistics to expose what is really behind the rapid digitalization of global capitalism, the rise of authoritarian leaders and the creeping spread of the global police state. These, he says, are nothing but an insecure transnational capitalist elite’s attempt to insure themselves against rising inequality and a looming economic crisis.
From Faridabad Majdoor Samachar: “On the train, a person was calling out loudly: From tomorrow, all over India, everyone’s salary will be 18,000 rupees. Equal. No one will be thief, and no one king. Long live the government.” A timely and evocative missive from a monthly workers’ newspaper distributed widely in the industrial belt around Delhi.
From The New Yorker: Recent research shows a gap of 4000 years separating the “two key domestications,” of animals and cereals, from the first agrarian economies based on them. Our ancestors evidently took a good, hard look at the possibility of agriculture before deciding to adopt it; because the life they lived was remarkably abundant.
Gail Tverberg writes: The Politically Correct (PC) worldview has been called the “religion of success”. In this post, I explain why many popular (or politically correct) understandings are just plain wrong. I cover many controversial topics, including environmentalism, peer-reviewed literature, climate change models, and yes, religion. I expect that the analysis will surprise almost everyone.
Ecologise has consistently driven home that humanity needs to prepare for unprecedented environmental, economic and socio-political upheaval and uncertainty in the 21st century. In this new series, we showcase free short-duration online courses that focus on these various emerging crises and possible responses. Created by the world’s leading universities, they offer a good starting point to explore these complex challenges.
From The Wire: The recent hurricanes have made some raise an obvious question: to what extent does global warming have a role to play? To which I would add one voiced less frequently: why should those least responsible for global warming have to constantly face its effects? And what does it bode for the future?
From Scroll.in: How does the government define a smart city under its much-publicised Smart City Mission? This may never be known. An exercise to set clear benchmarks to assess when exactly a city is delivering a high enough quality of life to be declared a smart city was shut down by the urban development ministry.
From Jacobin Magazine: Increasingly, extreme weather events including the annual floods are being recognized as the new normal. Less commonly noted is how this “new normal” tends to disproportionately hit the underclasses—the urban poor, agriculturalists, coastal communities, and poor women. In short, the greatest victims of global warming will be those least responsible for it.
From Climate Central: If greenhouse gas emissions continue on their current trajectory, parts of eastern India and Bangladesh will exceed the 95°F threshold by century’s end, a study by the Massachusetts Institute of Technology has found. The findings raise the issue of environmental justice, as these populations have done the least to cause global warming.
From The Conversation: If the global economy grows by 3% till 2100, it will be 60 times larger than now. The existing economy is already environmentally unsustainable, so we simply cannot“decouple” growth from environmental impact. This paper looks at policies that could facilitate a planned transition beyond growth–while considering the huge obstacles along the way.
Colin Todhunter writes: At a time when India commemorates the end of British rule, it finds itself under siege from international capital. Its not only on course to become an even weaker and more hobbled state permanently beholden to US state-corporate interests, but it is heading towards environmental catastrophe much faster than many may think.
Joe Brewer writes: There is a reason only 5 men have the same aggregate wealth as half the human population. And that the Earth’s climate is ramping up for a phase transition that threatens our entire civilization. It’s because the 500 year old Global Architecture of Wealth Extraction is designed to produce exactly these outcomes.
From Pragati: Why did humans abandon hunting and gathering for sedentary communities dependent on livestock and cereal grains, governed by precursors of today’s states? Anirudh Kanisetti reviews James Scott’s lucid Against The Grain: A Deep History of the Earliest States, which provides surprising new evidence that refutes mainstream narratives of how civilization came into being.