Category: Economy

Shriraksha Mohan Consumerism-based economies like capitalism view the consumption of commodities as the primary driver of profits. Hence, limitless consumption of goods and services is encouraged, whether one needs them or not. Capitalism encourages a high degree of debt among consumers.  According to French philosopher Gilles Lipovetsky, we are at a stage in capitalism marked…

By Matt Oppenheim Introduction and Overview Many acknowledge that planet earth is over a precipice of decline due to several intertwining factors: frightening climate change and irreversible environmental damage; the massive diaspora of refugees of war and water; hyperinequalities between rich and poor and the unrelenting impact of many multinationals on the above. There is…

Interview with Dr. Ravi Batra What is the nature of inflation? Inflation affects the poor badly and also hurts the middle-class. The global response to the pandemic was that governments increased their budget deficits sharply to ward off negative effects on production, employment and poverty, etc. The pandemic played out against a backdrop of years…

By Professor Ravi Batra There is a well-known Chinese proverb: May you live in interesting times. With the onslaught of coronavirus in 2019, and its continuation in some form as late as 2023, our times are indeed interesting, nay nerve racking. Add to the mayhem of the virus, the unprecedented war between Russia and Ukraine,…