Ever since the United States unilaterally pulled out of the Gold Standard, thereby "delinking" the creation of money underpinned by a physical asset, the ensuing neoliberal economic model of ordering societies has held sway over not only the West but also in large swathes of the developing world. While the merits and demerits of whether … Continue reading The Great Unraveling! How Five Decades Of Economic And Financial “Excesses” Have Reached A Tipping Point And Threaten Our Collective Future
The global economy is currently in a "slow motion" collapse. Unlike The Great Recession of 2008, where the bankruptcy of the American Investment Bank, and Lehman Brothers set in motion a "near death" of the global financial system, this time around, it is "death by a thousand cuts" for the global economy. We can see … Continue reading The Global Economy Is Now In A “Slow Motion” Collapse! Don’t Expect Big Bang Fireworks! Likely End In A Whisper
A $5 Trillion Economy? Pipe dream or possible? As India celebrates its 75th year of Independence, the air is full of optimism and hype over its future. Among the many "goals" set forth, the most mentioned target is that of the Indian Economy to become a $5 Trillion Economy. While India@75 can boast of many … Continue reading A $5 Trillion Economy? India@75 Can Unlock Hidden Wealth In Its’ Physical, Human, And Social Capital
Is the US Economy in a recession? Depends on whom you talk to. While there have been two-quarters of contraction in economic activity, the Biden Admin is loath to call it a recession, fearing it might hurt the Democrats in the looming Midterms in November. On the other hand, in a "surprise" of sorts, the … Continue reading A Recession By Any Other Name Is Still A Recession! Here’s Why The Global Economy Is Entering A Downturn
Pandemic Lessons As the saying goes, time is the greatest healer. With the pandemic receding from the public consciousness, it is easy to forget the trauma, the suffering, the incalculable loss of lives, and equally calculable disruptions to livelihoods caused. Indeed, more so when nations worldwide have almost accepted the Coronavirus much like the common … Continue reading Lest We Forget! 5 Pandemic Lessons We Learnt About Work, Life, And The World We Live In!
How did we come to this? Let me tell you a story! Once upon a time, in the early 1990s, when the Berlin wall came down, and the erstwhile Soviet Union had imploded, the Global Elite (read White Western) decided that "history had ended" and it was now time for a Utopian New World Order, … Continue reading Chaos Point! How The Global Elite’s Utopian New World Order Degenerated Into Global Disorder
India@75: We Have Come A Long Way, Yet, Miles To Go For The Indian Renaissance Indian Renaissance at India@75! I was born in 1975, during the time of The Emergency. Though I was too young to remember, the years after my birth presented the nation with political, economic, and social challenges. As I grew up … Continue reading Indian Renaissance? India@75 Has Discarded The Begging Bowl, Though, Challenges Remain To Achieve A $5 Trillion Economy!
The voluble ex-RBI (Reserve Bank of India) governor and now academic Raghuram Rajan believes that the "road to prosperity" runs through "strengthening liberal democracy". Speaking at an event yesterday, Rajan had some words of "advice" both for the Modi Sarkar and the legions of "experts" who often laud the Chinese growth miracle as having been … Continue reading Raghuram Rajan At It Again! Bats For Liberal Democracy If India Has To Realize Its “Dream” Of A $5 Trillion Economy!
Welcome to the Brave New World of Work! Where the likes of Elon Musk "order" staff back to the office, leaving them with little choice, and where Millennials quit their jobs en masse, in what has been dubbed as The Great Resignation, a trend that leaves business honchos alarmed and employers worried. On the one … Continue reading As The Smokestack Era Ends, And The Digital Age Beckons, Welcome To The Brave New World Of Work!!
Is the Global Economy "resilient" enough to withstand another 2008-like Lehmann Shock? For those of you who are too young to remember, I am talking about the bankruptcy of the American Investment Bank, Lehman Brothers, on September 15, 2008, which "triggered" the Great Recession and almost "took down" the Global Financial System. For those old … Continue reading Is The Global Economy Resilient Enough To Withstand Another 2008 Like Lehman Shock To The System?