Capitalism: the double-edged sword
Capitalism, as an economic system, has been both celebrated for its unparalleled ability to drive innovation and criticized for its role in perpetuating inequality and exploitation. Its emergence alongside the…
Capitalism’s enduring dominance
Having been on a roll for more than seven decades, the liberal world order seems to have entered its sunset period. The obituary of the liberal order is being written…
Declining capitalism
Today’s declining US capitalism can no longer repeat its previous bland celebrations of private enterprises and free markets. Too much is going wrong, provoking criticism, and deepening divisions across US…
Disaster capitalism
One foundational myth of global capitalism is that private entrepreneurship is the only effective source of innovation and progress. But Big Pharma has long demonstrated this is not necessarily so.…
The handmaiden of capitalism
JOSH Malihabadi had a word for the pervasive suffocation that Indians are swamped by of late. “Ab boo-i-gul na baad-i-saba maangtay hain log/ Woh habs hai ke loo ki dua…
Will capitalism eat itself?
THE period between 2008 and 2020 marks more than a decade of difficulties for the global economy. In 2008, the Great Recession struck, leaving a destructive trail of losses worth…
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…
The latest crisis of global capitalism
It’s always amazing how the stock market pulls big surprises on those who should know better. The momentous rise in share prices in the Shanghai stock exchange from mid-2014 to…
Limits of capitalism
The PTI-led coalition government that came to power about 17 months ago promising change (Tabdeli) has so far followed almost the same failed economic model that the successive governments, both…
To the apologists of capitalism
The gospel of free-market economy seems to have wreaked havoc in various parts of the world but even then many all over the globe want to suggest this recipe of…
