Category Archives: Economics

All the Economic subjects and alternatives

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Monsanto and the Bio-Tech Conglomerates: Sowing the Seeds of Famine in Ethiopia

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By Prof Michel Chossudovsky Global Research, May 23, 2014 Author’s note Based on research conducted in the 1990s, this article was first published by The Ecologist in September 2000. It was subsequently incorporated into the Second edition of The Globalization of Poverty and the New World Order, Global Research, Montreal, 2003. The research focussed on how GMO seeds were used as of the mid-1990s to destabilize the agricultural cycle in Ethiopia. This diabolical “free market” agenda was a … Continue reading

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Iran remains unfazed by Sanction Threat

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By Ac. Krtashivananda Iran knows that it will have more leverage in the talks with the US if it has a bomb. Iran sanctions raise concern of impending humanitarian crisis. Fresh Western sanctions targeting industries in Iran have led to concern over an impending humanitarian crisis in the country. Many Iranians now find black market dealers are the only way to get vital drugs, which are in limited supply because of sanctions against the country’s … Continue reading

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‘Flatten all of Gaza’

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Edited by: Ac: Krtashivananda In The Politics of Genocide, Edward Herman and David Peterson wrote:  ‘The vulgar politicisation of the concept of genocide, and the “emerging international norm” of humanitarian intervention, appear to be products of the fading of the Cold War, which removed the standard pretexts for intervention while leaving intact the institutional and ideological framework for its regular practice during those years.’ We Must Blow Gaza Back To The Middle Ages With the … Continue reading

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UPRISING IN TIBET

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The high-altitude Himalayan plateau associated in popular memory with meditation and Buddhist serenity, has been the scene of periodic strife ever since it was seized militarily by China in 1951.
China’s government regards Tibet as an integral part of China and is sensitive to expressions of support from Tibet’s former ruler, the Dalai Lama, who fled into exile in 1959, after a failed uprising against Chinese rule. Continue reading

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Is Wal-Mart Good for Asia?

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Source: Far Eastern Economic Review                           Edited: Ac. Krtashivananda Wal-Mart Stores Inc., headquartered in rural Bentonville, Arkansas (population 29,000), is the world’s largest corporation, with annual revenues approaching the $350 billion range. Wal-Mart’s revenues are larger than the combined GDPs of Hong Kong and Malaysia. Wal-Mart imported about $27 billion in merchandise from China last year—about the same as did Singapore. What began 45 years ago when hillbilly entrepreneur Sam Walton launched a no-frills mom-and-pop discount … Continue reading

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A Planetary Alternative to the Global Economy

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By David C. Korten, The People-Centered Development Forum The Global Capitalist Economy Inequality and injustice are not accidental outcomes of global capitalism, they are its defining characteristics. In a capitalist regime, money is embraced as the measure of all value. The maximization of returns to financial capital becomes society’s defining goal. Competition, individualism, and materialism are nurtured as favoured cultural norms. Stock prices and gross domestic product (GDP) are the accepted measures of progress and … Continue reading

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Transformation through the people and for the people.

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by Ac. Krtashivananda At the outset, the word transformation or progress needs to be defined.  The development of roads, buildings and industries are not the criteria of progress. The quest for freedom in physical, intellectual and spiritual realm is the criteria of progress. This quest for freedom can be referred back to humanity’s struggle of existence. This quest accounts for the human triumph over nature in the course of efforts to satisfy biological needs. It … Continue reading

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Spain Facing Downturn

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by Ac. Krtashivananda Unemployment in the eurozone hit 11.1% in May while the downturn in its manufacturing sector continued, according to official statistics. A total of 17.56m people are now out of work marking the highest level since records began in 1995, according to EU statistics body Eurostat. Meanwhile, the manufacturing Purchasing Managers’ Index (PMI), compiled by Markit, was stuck at 45.1 in June. Any reading below 50 indicates contraction. The data compounds the gloomy outlook … Continue reading

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Spain, Debt and Sovereigninty

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By George Friedman  Eurozone countries on June 9 agreed to lend Spain up to 100 billion euros ($125 billion) to stabilize the Spanish banking system. Because the bailout dealt with Spain’s financial sector directly rather than involving the country’s sovereign debt, Madrid did not face the kind of demands for more onerous austerity measures in exchange for the loan that have led to political instability in countries such as Greece. There are two important aspects … Continue reading

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GREECE – EURO OR DRACHMA?

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by Ac. Krtashivananda                                                                             The economy of Greece is the  37th largest in the world at $312 or $309 billion by nominal G.D.P or purchasing power parity respectively, according to World Bank statistics for the fiscal year 2009–2010. Additionally, Greece is the 15th largest economy in the 27-member EU .In terms of per capita income Greece is ranked 29th or 33rd in the world at $27,875 and $27,624 for nominal GDP and purchasing power … Continue reading

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American double standard On Nuclear Question between Iran and Israel

Ac. Krtashivananda

The West raised an alarm that Iran is secretly trying to build nuclear weapons in violation of its obligations under the nuclear Non-Proliferation Treaty, though Iran itself has declared it in a letter to IAEA on 21st Nov.
Meanwhile, the six countries that abstained from today’s vote were Afghanistan, Brazil, Egypt, Pakistan, South Africa, and Turkey.
Those who voted against the censure measure – Venezuela, Malaysia, and Cuba – are all developing countries in a bloc with Iran. They called the resolution provocative and counterproductive. Iranian officials say the IAEA resolution will undermine its relations with the UN nuclear watchdog. Continue reading

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We Are All Occupiers

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By Arundhati Roy People the world over salute the Occupy movement for standing up to injustice and fighting for equality at the heart of empire This is the text of a speech given by Arundhati Roy at the People’s University in Washington Square, NYC on November 16th, 2011. Tuesday morning, the police cleared Zuccotti Park, but today the people are back. The police should know that this protest is not a battle for territory We’re not fighting for the … Continue reading

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