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The ‘Economics Nobel’ winners’ triumph is at the expense of the world’s poor

Sanjay Reddy writes: The administration of randomized controlled trials (RCTs) – which Nobel prize winners Duflot and Banerjee helped pioneer – has suffered from more than a whiff of neocolonial attitudes. Arguably, all of the difficulties of RCTs stem from a single source: a failure to recognize the full personhood of those who are affected by interventions.

How the ‘Gujarat model’ is devouring Gujarat (and not just Gujarat)

From The Hindu: The perverse ‘achievements’ of those relentless in their advocacy of the Sardar-Sarovar dam are now evident. The riches of Gujarat—shown as a model to the rest of India—are the result of such violent extraction, exploitation and destruction that benefit a few while victimising many. Any protest is being beaten into the earth.

War on Earth: US military is a bigger polluter than as many as 140 countries

From The Intercept: Industrialized militaries are a bigger part of the climate emergency than we know. If the US-military were a country, its fuel usage alone would make it the world’s 47th largest greenhouse gas emitter, says a new study. Another study found that America has spent an astonishing $5.9 trillion on wars since 2001.

Vaclav Smil: ‘Growth must end. Our economist friends don’t realise that’

Over more than 40 years, Vaclav Smil has grown in influence, and is now seen as one of the world’s foremost thinkers and a master of statistical analysis. Bill Gates says he waits for new Smil books the way others wait for the next Star Wars movie. Smil’s latest is Growth: From Microorganisms to Megacities.

From Andhra to Kashmir – The Return of the East India Companies

From Great Game India: At least two of the Big Four global corporate consultancies are reported to be directly involved in the big-ticket Kashmir Development Plan – Ernst & Young and PricewaterhouseCoopers. A pilot project was initiated in 2017 for the creation of a ‘Model Village’ in Kathua, Kashmir, based on a blueprint by PricewaterhouseCoopers

Andrew Simms: Economics is doing great harm – so let’s rethink it

From The Guardian: Roasted by heatwaves, this year the world went into ecological overshoot on 29 July, the earliest yet. Unless we begin again with economics, understanding and letting go what has gone wrong, one day soon everything will have fallen apart and nobody will quite know why. But the answer will be: it was the economy, stupid.

Daniel Ellsberg: The military-industrial complex is an existential threat to humanity

The growth of the military-industrial complex poses an existential threat to humanity. Daniel Ellsberg, peace activist and whistleblower best known for his expose dubbed the ‘Pentagon Papers’, discusses with Allen White the precise nature of the threat posed by the military-industrial complex— and what needs to be done about it. [Courtesy the Great Transition Initiative]

Truth-telling in a ‘Post-Truth’ Age: A tribute to Julian Assange and Wikileaks

A tribute to Julian Assange, founder of WikiLeaks, who faces the prospect of extradition and a jail sentence in the United States for publishing confidential official documents. Here, we present a 2006 essay by Assange outlining his vision, select Wikileaks releases of secret policies related to the environment, and Mediastan, a documentary film on Wikileaks.

Getting to the heart of democracy’s decline

The crisis in democracy is much discussed these days, but almost entirely in political terms that ignore its deeper causes. It’s the continuing failure to have this deeper discussion that has led to the democratic crisis we have. In this sense, the mainstream news media can be considered ‘enemies of the people’, peddling ‘fake news’.

Neoliberalism or death: The U.S.’ economic war against Venezuela

Once the richest country in Latin America, today Venezuela lies in shambles, with food and medicine inaccessible to most, and sparking widespread protests and massive violence. In this interview, Venezeulan President Nicolás Maduro speaks on the politics behind the crisis, and specifically the role of the U.S. Also, an analysis by Marxist scholar Vijay Prashad.

The Nobel Prize for climate catastrophe

Jason Hickel writes: Many people were thrilled when they heard that the Economics Nobel went to William Nordhaus, known for his work on climate change. But many climate scientists and ecologists believe that the failure of the world’s governments to pursue aggressive climate action is in large part due to arguments that Nordhaus has advanced.

Laboratory of Fascism : Capital, labour and environment in Modi’s Gujarat

Rohit Prajapati and Trupti Shah write: We are caught in a false debate, where Narendra Modi, the perpetrator of 2002 carnage is counter-posed with Modi the “development leader”. We call it a false debate, since for us, who have lived and grown in Gujarat, the two aspects are actually the same – that of fascism.

Seeing Wetiko: An interview with Alnoor Ladha

From Gaia Foundation: Alnoor Ladha, a founding member of the activist platform The Rules, which tries to “connect the dots between the various issues that are happening in the world to reveal the underlying antagonist: the economic operating system itself.” Here, he speaks on culture, technology and the cannibalistic economic system consuming life on Earth.

How India’s economists have failed its farmers

Devinder Sharma writes: If raising productivity is the major factor I see no reason why Punjab farmers should be committing suicide. But the fact that economists don’t want to acknowledge is that it is actually the low price that farmers being deliberately paid that is the primary reason for the terrible agrarian crisis that prevails.

Spotlight: Manifesto of Indian Farmers

This manifesto was adopted by an assembly representing the farmers of India on the occasion of the historic Kisan Mukti March organised by AIKS at Delhi, on 30 November 2018. Over the past 25 years, more than 3,00,000 of India’s debt-ridden farmers have committed suicide, a crisis which successive governments have done little to address.

Enough! Why 1,00,000 farmers are marching to Delhi on November 30

From The Telegraph: India’s farmers are marching once again to demand that Parliament discuss the agrarian crisis. The underlying message is simple. If over 3,00,000 debt-ridden farmers have committed suicide in the past 25 years, then the agrarian crisis is no longer an economic one. It’s a moral crisis. It cannot be allowed to continue.

“A scam bigger than Rafale”: P. Sainath on Modi government’s Fasal Bima Yojana

From The Business Standard: “Selected companies like Reliance, Essar have been given the task of providing crop insurance. In just one Maharashtra district, where the soya crop failed, Reliance earned a net profit of Rs 143 crore without investing a single rupee. Now, multiply this amount to each of the districts it has been entrusted.”

Chai with Narasimha

This is a snapshot of a fleeting encounter between a Karnataka farmer and a water activist at the premises of a leading agricultural university. In a few painful sentences, it captures the everyday desperation that is the lot of the average Indian farmer, caught between an unraveling climate, a ruthless market and a malignant state.

The economics Nobel went to a guy who enabled climate change denial and delay

William Nordhaus’ low-ball estimates of the costs of climate change and high-ball estimates of the costs of containing the threat contributed to a lost decade in the fight against climate change, lending intellectual legitimacy to denial and delay. The IPCC report, released the day Nordhaus got his Nobel, heightens the award’s absurdity, writes Eugene Linden.

Why growth can’t be green

Jason Hickel, Foreign Policy: Many policymakers have responded to ecological breakdown by pushing for what has come to be called “green growth.” It sounds like an elegant solution to an otherwise catastrophic problem. There is just one hitch: New evidence suggests that green growth isn’t the panacea everyone hopes for. In fact, it’s not even possible.

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