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GLOBAL Britain has a golden opportunity to play a leading role in shaping the world's economy now that the nation has freed itself from the shackles of the EU, International Trade Secretary Liz Truss has said.
A new bargain with farmers is needed for India to have a shot at reclaiming past glory. In 1750, the Mughal Empire accounted for about a quarter of the worlds industrial output, and cotton textiles from Bengal and Kerala were traded worldwide.
It’s not enough to say giving free rein to markets will automatically make farmers productive & prosperous. Someone has to explain the new arrangements.
The True Story Of The Potato Famine Print Collector/Getty Images By Daniel Johnson/Feb. 1, 2021 4:52 pm EDT Famines have devastated countries with limited access to resources or in the aftermath of a natural disaster for centuries. However, few famines have wreaked havoc to a nation like the Irish Potato Famine in the middle of the 19th century. In a span of less than a decade, the population of Ireland decreased drastically, with the citizens either succumbing to starvation or disease as a result of diseased crops. For many desperate Irish citizens, the famine forced them to...
Yves here. This is another tour de force from Michael Hudson, derived from a paper he presented in early January at the UPRE session during the annual ASSA meeting. This time he turns from his recent focus on the economically destructive but oligarchy-advancing practice of sanctifying debt to another favorite topic, the evolution of capitalism. Hudson looks from the early Industrial Revolution onward and demonstrates that the dominance of financial capital over industrial capital was neither the likely course of events nor desirable. A major feature of this development is the increasing weigh...