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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Crisis and Predation: India, Covid-19, and Global Finance

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

Economy, The Research Unit for Political

Paperback

General Political ScienceInternational Relations

ISBN10: 1583679243
ISBN13: 9781583679241
Publisher: Monthly Review Pr
Published: Nov 15 2020
Pages: 216
Weight: 0.60
Height: 0.50 Width: 5.40 Depth: 8.50
Language: English

How India's COVID-19 lockdown is creating an unprecedented humanitarian disaster

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. The authors reveal that global investors and a handful of top Indian corporate groups actually benefit from the resulting demand depression: armed with funds, they are picking up valuable assets at distress prices. 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.

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