India: Taken Over by Foreign Banks?

Published on Global Research.ca, by Kavaljit Singh, Oct 29, 2013.

On October 12, Raghuram Rajan, the new Governor of the Reserve Bank of India, announced that the RBI will soon issue new rules allowing a more liberal entry of foreign banks in India. “That is going to be a big opening because one could even contemplate taking over Indian banks, small Indian banks and so on,” he stated in Washington at an event organized by the Institute of International Finance, a global banking lobby group.  Continuer la lecture de « India: Taken Over by Foreign Banks? »

US Political Dysfunction and Capitalism’s Withdrawal

Published on e-International Relations, by Richard D. Wolff, October 27, 2013.

After 200 years of concentrating its centers in western Europe, north America, and Japan, capitalism is moving most of its centers elsewhere and especially to China, India, Brazil and so on. This movement poses immense problems of transition at both poles. The classic problems of early, rapid capitalist industrialization are obvious daily in the new centers. What we learn about early capitalism when we read Charles Dickens, Emile Zola, Maxim Gorky and Jack London, we see now again in the new centers.   Continuer la lecture de « US Political Dysfunction and Capitalism’s Withdrawal »

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Lessons from Iceland: Capitalism, Crisis, and Resistance

Published on Monthly Review, by Martin Hart-Landsberg, 2013, Volume 65, Issue 05 (October),

If we are to build support for an alternative to capitalism we need clarity on the causes and consequences of the contemporary capitalist drive for greater liberalization and privatization, as well as the benefits from and limits to state direction of capitalist economic activity. Although a small country, Iceland’s recent experience has much to teach us about capitalist dynamics and strategies of transformation.   Continuer la lecture de « Lessons from Iceland: Capitalism, Crisis, and Resistance »

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