ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Amit BhaduriSubscribe to Amit Bhaduri

Hope of a Fresh Initiative

We, the undersigned, welcome the public statement of Sonia Gandhi, the President of the Congress Party that the extreme neglect of the tribal areas is at the root of the present crisis in those regions. We hope that this appreciation of the need to go deeper into the question would lead to...

Government Should Respond to Maoist Offer

We welcome the announcement by the Communist Party of India (Maoist) to observe a ceasefire and enter into talks with the government of India. Given the government’s expressed willingness to engage in talks, we hope that this offer will be reciprocated. This necessarily requires an immediate halt to...

Planned Military Offensive

We are deeply concerned by the Indian government’s plans for launching an unprecedented military offensive by army and paramilitary forces in the adivasi (indigenous people)-populated regions of the states of Andhra Pradesh, Chhattisgarh, Jharkhand, Maharashtra, Orissa and West Bengal. The stated...

Fact-Finding on Lalgarh

An all-India fact-finding mission consisting of 10 members, including a former ambassador, a Supreme Court lawyer, human rights activists, economists, journalists, and writers, visited Binpur 1 (Lalgarh), and Binpur 2 (Belpahari) on 10 and 11 April 2009. The team talked to the police, political...

Understanding the Financial Crisis

This paper attempts to understand the nature of the current financial crisis by identifying the main characteristics of the system that became vulnerable to collapse due to falling asset prices. It highlights the shadow banking system, which lacked the explicit backing of a monetary authority on the one hand, and escaped largely its regulation on the other. This system fostered a circular rather than a vertical network of credit interdependence, which had its advantages but was also spectacularly vulnerable. The financial system may be stable and flush with liquidity through injection, but in the absence of sufficient demand for liquidity from the real economy, the depressive economic conditions may continue. The politics of trying to save capitalism by saving only the financial capitalists may well turn out to be the last twist of the knife from free market fundamentalism to pave the way for a deeper and lasting recession.

Open Letter to Judges

In 1997, while adopting the “Restatement of Judicial Values” (also called the Code of Conduct), the judges of the Supreme Court decided that each judge would declare her/his assets in confidence to the Chief Justice of India. This was reiterated in 1999 in a conference of Chief Justices. These...

A Failed World View

It is remarkable that despite the inexactitude of economics as a body of knowledge, which should have left enough space for some if not several contesting economic ideologies, over the last 20 years or so all the major political parties in India cutting across the spectrum from the Left to the Right largely converged to a very similar point of view on economic management. Would the current global financial and economic crisis give us the courage necessary to re-educate ourselves to view the "logic of the market" more logically?

Industrialisation for the People, by the People, of the People

Those who oppose the current pattern of high growth are often branded as anti-development. In this article two well-known dissenters state why they oppose the present mode of industrialisation in India and set out an alternative path, starting with a few practical steps.

Predatory Growth

The much-hyped story of India's economic growth hides the truth about heightened inequality, the blatant biases against the poor, the hostility of the state toward welfare, and the misery wrought upon the poorest of the poor. Only an alternative path to development that lays stress on dignity and participation of all sections can be an answer to the ravages of predatory growth.

Maoist and State Violence in Orissa - I

We strongly condemn the massacre of 13 policemen and two civilians in Nayagarh town of Orissa by armed Maoists on February 17. At the same time we also condemn, equally strongly, the subsequent killing of 35 alleged Maoists as claimed by the Orissa police. Going by past experience there are grave...

Shameful Events

We the undersigned have been dismayed and revolted by the recent events in and around Nandigram in West Bengal’s East Medinapur district. The manner in which the anti-socials of the dominant party in the ruling front attacked the residents to re-establish domination over the area exposes the party’...

Alternatives in Industrialisation

A programme of decentralised, employment-intensive, rural industrialisation through participatory democracy at the local level is the only process of industrialisation that this vast and meandering democracy of enormous poverty can sustain. To pretend that this can be achieved through corporate-led growth, no matter how high, is to live in a make-believe world.

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