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Countering market fundamentalism

Amidst a deep economic and financial crisis, the pundits of the neoliberal world are again prescribing a recipe for disaster, piling pressure on the government to privatize state-run entities and…

A capitalist supernova?

Excerpted: ‘Are We Heading Towards a Capitalist Supernova?’. Global debt – of households, private firms and governments – reached a staggering $305tn (254tn GBP) in 2021, up from $83tn in…

Power market

NEPRA has recently issued its determination on the applicability of Open Access (OA) charges applicable on OA consumers and has rejected the petition of CPPAG in this respect connected with…

Capitalist decline

The United States’ recent wars in Afghanistan and Iraq were neither necessary nor successful in military terms. They did enable massive government spending and justified rising “defense” outlays in federal…

Capitalist competition

As Covid-19 continues to spread across the globe, more than 200 vaccines are being developed worldwide against the virus. Twelve are in phase 3, where they are tested with humans,…

Free-market capitalism is on trial

There is a growing awareness in the rich world that most of the benefits of technology and globalization flow to people who own investible capital and to the well-educated, while…

Beyond The Panacea Of The Free Market

Beyond the panacea of the free market

Although Imran Khan’s plans to create 10 million jobs may have amused some and raised doubts among some other detractors – who may be justified in asking how many jobs…

The Myth Of Capitalistic Altruism

The myth of capitalistic altruism

“Our invention offers an innovative way to transform sewage into drinkable water quite inexpensively for the poor countries of Africa,” says Bill Gates on a live TV show. Overwhelmed by…

There is no magic in the market

There are a number of theories why global financial system went into a tail-spin following the sub-prime mortgage crisis of 2007-09 landing the world into an extended period of recession…