ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Climate Change of Another Kind

Changes in the climate of economic policy affect more directly and immediately our everyday life compared to changes in the global physical climate. And, yet, while physical climate change receives a good deal of attention and research, economic climate change is seldom noticed and rarely commented upon. The sustained attack on Keynesian demand management in the name of "sound fi nance" has re-established the dominance of fi nance capital the world over, except in a few Latin American countries where social democracy has forced its way into policy in a new guise. India's subservience toWashington and to global fi nance is shameful because even as its economy has done well on the growth front, the people have not.

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