Prabhat Patnaik. Credit: Youtube
In an interview with The Wire, Prabhat Patnaik, renowned economist and emeritus professor at Jawaharlal Nehru University, New Delhi, India, talks about capitalism, socialism, the future of Left politics, the directions neoliberalism has taken and more.
The “Interview: Prabhat Patnaik on Contemporary Capitalism and the Shape It Takes in India” headlined interview in The Wire was dated July 26, 2017. Following are excerpts from the interview:
Capitalism at dead end
Eminent Marxist intellectuals like Samir Amin, John Smith and others hold the theoretical conclusion that contemporary capitalism has reached a stage of explosion. Their argument is that unlike the previous crisis, no malleable mechanism is available for capitalism to survive and sustain. Has capitalism reached a dead end?
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Granma | July 26, 2017
Foto: Jose M. Correa
Full text of speech delivered by José R. Machado Ventura, second secretary of the Communist Party of Cuba Central Committee and a vice president of the Councils of State and Ministers, during the commemoration of the 64th anniversary of the assaults on the Moncada and Carlos Manuel de CéspedesRead More »
Who says President Trump doesn’t have a coherent foreign policy? Pundits and critics across the political spectrum have chided him for failing to articulate and implement a clear international agenda. Look closely at his overseas endeavors, though, and one all-too-consistent pattern emerges: Donald Trump will do whatever it takes to prolong the reign of fossil fuels by sabotaging efforts to curb carbon emissions and promoting the global consumption of U.S. oil, coal, and natural gas. Whenever he meets with foreign leaders, it seems, his first impulse is to ply them with American fossil fuels.Read More »