Crisis and Predation: India, COVID19, and Global Finance by Research Unit for Po

Description: Crisis and Predation by Research Unit for Political Economy Even before the advent of COVID19, Indias economy was in a depression. The condition of vast masses of people, particularly those in the informal sector, was grave. Then the Indian government, responding to the COVID pandemic, imposed the most stringent lockdown measures in the world. The lockdown had a particularly severe impact FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description Even before the advent of COVID19, Indias economy was in a depression. The condition of vast masses of people, particularly those in the informal sector, was grave. Then the Indian government, responding to the COVID pandemic, imposed the most stringent lockdown measures in the world. The lockdown had a particularly severe impact on the majority of Indias people, who number well over one billion. At the same time, the Indian government, compared to other world governments, has provided virtually no financial aid to cushion economic blows to its population. Crisis and Predation explains that this shocking tightfistedness stems from the fact that global financial interests, as well as Indias ruling neofascist government, explicitly oppose any sizable expansion of government spending by India.Crisis and Predation, a project of the Mumbai based Research Unit for Political Economy, lays out in meticulous and harrowing detail the economic – and human – crisis currently unfolding in India. As the COVID situation unfolds and pandemic deaths skyrocket, prevailing emergency conditions encourage reliance on security forces, state surveillance, detention of political activists, and censorship of independent media. And yet, this book contends, India could defy the pressures of global finance in order to address the basic needs of its people, an objective within the reach of Indias present material capacity. But this would require imposing controls on destabilizing flows of foreign capital and being prepared to forgo foreign capital flows in the future, in other words, a course of democratic national development. For that, Indian rulers would need just what they currently lack: a positive vision of democracy and class alliance to bring it about. This hard hitting and carefully researched book, offering devastating financial analysis, also offers hope for change. Author Biography The Research Unit for Political Economy, based in Mumbai, India, publishes the journal Aspects of Indias Economy and a range of research publications in English, Hindi, and other Indian languages. Review "In this sharply and clearly written book, our Indian comrades at The Research Unit for Political Economy examine Indias response to COVID-19 through the lens of the nations ever-growing dependence and subservience to foreign capital, mainly that of the United States."--Michael D. Yates, Director of Monthly Review Press Long Description Even before the advent of COVID19, Indias economy was in a depression. The condition of vast masses of people, particularly those in the informal sector, was grave. Then the Indian government, responding to the COVID pandemic, imposed the most stringent lockdown measures in the world. The lockdown had a particularly severe impact on the majority of Indias people, who number well over one billion. At the same time, the Indian government, compared to other world governments, has provided virtually no financial aid to cushion economic blows to its population. Crisis and Predation explains that this shocking tightfistedness stems from the fact that global financial interests, as well as Indias ruling neofascist government, explicitly oppose any sizable expansion of government spending by India. Crisis and Predation, a project of the Mumbai based Research Unit for Political Economy, lays out in meticulous and harrowing detail the economic - and human - crisis currently unfolding in India. As the COVID situation unfolds and pandemic deaths skyrocket, prevailing emergency conditions encourage reliance on security forces, state surveillance, detention of political activists, and censorship of independent media. And yet, this book contends, India could defy the pressures of global finance in order to address the basic needs of its people, an objective within the reach of Indias present material capacity. But this would require imposing controls on destabilizing flows of foreign capital and being prepared to forgo foreign capital flows in the future, in other words, a course of democratic national development. For that, Indian rulers would need just what they currently lack: a positive vision of democracy and class alliance to bring it about. This hard hitting and carefully researched book, offering devastating financial analysis, also offers hope for change. Review Text "In this sharply and clearly written book, our Indian comrades at The Research Unit for Political Economy examine Indias response to COVID-19 through the lens of the nations ever-growing dependence and subservience to foreign capital, mainly that of the United States."--Michael D. Yates, Director of Monthly Review Press Review Quote "In this sharply and clearly written book, our Indian comrades at The Research Unit for Political Economy examine Indias response to COVID-19 through the lens of the nations ever-growing dependence and subservience to foreign capital, mainly that of the United States." Details ISBN1583679243 Short Title Crisis and Predation Language English ISBN-10 1583679243 ISBN-13 9781583679241 Format Paperback Pages 224 Year 2021 Publication Date 2021-04-01 UK Release Date 2021-04-01 Imprint Monthly Review Press,U.S. Place of Publication New York Country of Publication United States Illustrations 31 charts and figures NZ Release Date 2021-04-01 US Release Date 2021-04-01 Author Research Unit for Political Economy Publisher Monthly Review Press,U.S. Subtitle India, COVID19, and Global Finance DEWEY 330.954 Audience Postgraduate, Research & Scholarly AU Release Date 2021-03-31 We've got this At The Nile, if you're looking for it, we've got it. 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