The weapon of criticism cannot replace the criticism of the weapon: What knowledge do we need for revolution against capitalism
A world in crisis
The ongoing pandemic has resulted in millions of death.1 Millions of people have been pushed to extreme poverty due to COVID-19. According to the World Bank, “The COVID-19 pandemic is estimated to push an additional 88 million to 115 million people into extreme poverty this year, with the total rising to as many as 150 million by 2021, depending on the severity of the economic contraction”.2 The consequences of the 2007 economic contraction have not been fully neutralized. Hundreds of millions are under- or unemployed: “Almost half a billion people are working fewer paid hours than they would like or lack adequate access to paid work” (ILO, 2020). And those who are lucky to be employed are subject to “a global wages scandal, with some countries even having a minimum wage that is lower than the poverty line”.
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India Unbound: The Social and Economic Revolution from Independence to the Global Information Age
India today is a vibrant free-market democracy, a nation well on its way to overcoming decades of widespread poverty. The nation’s rise is one of the great international stories of the late twentieth century, and in India Unbound the acclaimed columnist Gurcharan Das offers a sweeping economic history of India from independence to the new millennium.
Das shows how India’s policies after 1947 condemned the nation to a hobbled economy until 1991, when the government instituted sweeping reforms that paved the way for extraordinary growth. Das traces these developments and tells the stories of the major players from Nehru through today.