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Indian and Chinese national flags flutter side by side at the Raisina hills in New Delhi, India, in this file photo

India, COVID-19, the United States, and China

Since the emergence of COVID-19, the United States has quite openly decided to use the crisis, at a global scale, as a weapon against its perceived rival, China. In this context, India has taken a number of steps to restructure its relation to China, asserting economic stances and implementing policies that are becoming more and more closely entwined with its geopolitical positions and aspirations. | more…

Crisis and Predation: India, COVID-19, and Global Finance

Crisis and Predation: India, COVID-19, and Global Finance

Forthcoming in November 2020

With the advent of COVID-19, India’s rulers imposed the world’s most stringent lockdown on an already depressed economy, dealing a body blow to the majority of India’s billion-plus population. Yet the Indian government’s spending to cushion the lockdown’s economic impact ranked among the world’s lowest in GDP terms, resulting in unprecedented unemployment and hardship. Crisis and Predation shows how this tight-fistedness stems from the fact that global financial interests oppose any sizable expansion of public spending by India, and that Indian rulers readily adhere to their guidance. Meanwhile, under the banner of reviving private investment, India’s rulers have planned giant privatizations, and drastically revised laws concerning industrial labor, the peasantry, and the environment—in favor of large capital. | more…

Behind the War on Iraq

Three themes stand out in Iraq’s history over the last century, in the light of the present U.S. plans to invade and occupy that country. First, the attempt by imperialist powers to dominate Iraq in order to grab its vast oil wealth. In this regard there is hardly a dividing line between oil corporations and their home governments, with the governments undertaking to promote, secure, and militarily protect their oil corporations. Second, the attempt by each imperialist power to exclude others from the prize. Third, the vibrancy of nationalist opposition among the people of Iraq and indeed the entire region to these designs of imperialism. This is manifested at times in mass upsurges and at other times in popular pressure on whomever is in power to demand better terms from the oil companies or even to expropriate them. The following account is limited to Iraq, and it provides only the barest sketch | more…

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