The bank has “decided to use Gandhigiri to try and recover the loans [from you]. For this the bank has decided to do one of … Cashless hara-kiri in MarathwadaRead more
Economics
Posted inEconomics / Inequality / ToMl / USA Empire
How Americans became poor
There is no doubt that majority of Americans have gotten poorer over the last few decades even while the top 10% or so have done … How Americans became poorRead more
Posted inBank / Economics / ToMl
Traditional banking model is dying
The truth about the traditional banking model: it is dead. Ok, to be temporally current, it is dying. Six reasons why: 1) Banks can’t price … Traditional banking model is dyingRead more
Posted inCapitalism / Economics / ToMl
Capitalism Is the Problem
Over the last century, capitalism has repeatedly revealed its worst tendencies: instability and inequality. Instances of instability include the Great Depression (1929-1941) and the Great … Capitalism Is the ProblemRead more
Posted inEconomics / India
A Game Changer for Indian Farmers? A Speculator’s Playground
In a major push to widen the scope of commodity derivatives market in India, Securities and Exchange Board of India (SEBI) has recently allowed options … A Game Changer for Indian Farmers? A Speculator’s PlaygroundRead more
Posted inEconomics / Politics / ToMl / USA Empire
Class Struggle in Vermont
THE GRANAI CLAN was like many Italian immigrant families settling in Barre at the end of the 19th century. By 1912 Cornelius, one of 18 … Class Struggle in VermontRead more
Posted inEconomics / Politics / ToMl
What is ‘Financial Imperialism’?
The recurring Greek debt crises represent a new emerging form of Financial Imperialism. What, then, is imperialism, and especially what, when described is financial imperialism? … What is ‘Financial Imperialism’?Read more
Posted inEconomics / ToMl
Cashing in on blockchain technology
The emergence of blockchain has breathed new life into the ideas of economists Adam Smith, David Ricardo and Milton Freidman, and could potentially trigger a … Cashing in on blockchain technologyRead more
Posted inEconomics / ToMl / USA Empire
A “foreclosure machine” that profited from the collapse of the housing market
Trump’s pick for treasury secretary, Steven Mnuchin, who faces a—who faces scrutiny for his role at OneWest, a bank which has been called a “foreclosure … A “foreclosure machine” that profited from the collapse of the housing marketRead more