Category: Economics

Construction workers’ lives buried in rubble

This entry is part 2 of 4 in the series Toilers Life

From Kallanai dam across river Cauvery to Egyptian pyramids, all historical monuments are wonders created by these construction workers.

Permanent link to this article: http://new-democrats.com/construction-workers-putho-en/

How globalized gambling started driving our lives

This entry is part 4 of 8 in the series Deriving Capital's Future

The market based allocation of resources model started taking more and more bizarre forms and now ends up as an organized gambling by the richest 1% with the lives of billions and the future of our entire planet.

Permanent link to this article: http://new-democrats.com/deriving-capitals-future-part-4/

Aadhaar: Indian for sale! A tool of suppression in ruling hands!

This entry is part 1 of 7 in the series Digitial Economy

As of now corporate hands reach even small villages. With Aadhaar they can enter each and every home and thrust their influence on to the face of every person.

Permanent link to this article: http://new-democrats.com/indian-lives-turned-into-commodities-by-aadhaar-en/

A cut from our electricity bill goes to gamblers!

This entry is part 3 of 8 in the series Deriving Capital's Future

the existence of the security means that the payment for electricity by households is not simply an act of consumption, constituting the end of a process of electricity production and distribution.

Permanent link to this article: http://new-democrats.com/deriving-capitals-future-part-3/

Black Money: Vinavu Mega Survey Results

This entry is part 13 of 17 in the series Demonetization

In general we could see a big despair in the people. In addition, we could feel that there is a rumbling volcano inside whose eruption can’t be predicted.

Permanent link to this article: http://new-democrats.com/black-money-vinavu-mega-survey-results/

Modi’s black money eradication boast falls flat on its face

This entry is part 12 of 17 in the series Demonetization

“while the initial contention that a large amount of black money will not come back has fallen flat on its face, the promise that the cash shortage will ease by December 30 will remain unfulfilled by a wide margin.”

Permanent link to this article: http://new-democrats.com/demonetization-data-proves-modis-incapability-en/

Home loans, Oil Price, Weather – Derivatives gamble on everything!

This entry is part 2 of 8 in the series Deriving Capital's Future

hese products are not entirely internal to the corporate and financial world. The process of securitization draws households into the mix, albeit as providers of income streams for securities rather than as market traders.

Permanent link to this article: http://new-democrats.com/deriving-capitals-future-part-2/

Derivatives – a demon sucking the world dry!

This entry is part 1 of 8 in the series Deriving Capital's Future

We conjecture that derivatives are not a pathological growth on capitalism – a distortion of some ‘true’ capitalism. They are integral to capitalism and the expression of its essential property relations and its inventiveness.

Permanent link to this article: http://new-democrats.com/deriving-capitals-future-part-1/

Capitalism – A love story

Wall Street, investment bankers and commercial banks; home foreclosures, evictions, bank bailouts, political manipulations and a lot of historic background on how this come to pass.

Permanent link to this article: http://new-democrats.com/capitalism-a-love-story/

Is it cruel or stupidity offering financial advice to a marginal farmer!

India of 9 crores farmers and 45 crore unorganised sector workers! don’t worry, your future is safe in the hands of finance professionals like Dr Uma Shashikant and media like Times group.

Permanent link to this article: http://new-democrats.com/critique-of-financial-advice-to-a-marginal-farmer/

Right thinking persons of all backgrounds condemn demonetisation move

This entry is part 5 of 17 in the series Demonetization

“utter nonsense. complete choas by RBI. if anybody have 5 lakhs before this event, can he draw full.insane RBI/GOVT, does not know what to do”

Permanent link to this article: http://new-democrats.com/demonetisation-condemted-by-all-logical-thinking-persons/

In one of India’s biggest-ever layoffs, L&T sheds 14,000 employees from its workforce

L&T has been facing challenges with customers deferring orders and falling oil prices contributing to a sharp slowdown in the Middle-east, one of its biggest bets. Competition has increased in domestic market as companies fight for a shrinking order book pie.

Permanent link to this article: http://new-democrats.com/in-one-of-indias-biggest-ever-layoffs-lt-sheds-14000-employees-from-its-workforce/

Religion, capitalism and working class – not much changed in 150 years!

“Six days a week we are treated like slaves and now Parliament wants to rob us of the bit of freedom we still have on the seventh. These oligarchs and capitalists allied with sanctimonious parsons wish to do penance by mortifying us instead of themselves…”

Permanent link to this article: http://new-democrats.com/religion-capitalism-and-working-class-not-much-changed-in-150-years/

48 demonetisation deaths: Now, overworked bank manager dies of heart attack

This entry is part 6 of 17 in the series Demonetization

Rajesh Kumar (57) was found dead in his cabin Wednesday. A security guard who reached the bank in the morning knocked at his door, but got no response.

Permanent link to this article: http://new-democrats.com/48-demonetisation-deaths-now-overworked-bank-manager-dies-of-heart-attack/

Bondage without chains for Uber, Ola drivers

Incentives and commissions were purposely kept high (in the formative years of Ola and Uber India) to attract more drivers. Now, the aggregators are now trying to reduce payouts and increase the number of rides, simultaneously cutting fares, doling out discounts and offering bonus rides to customers.

Permanent link to this article: http://new-democrats.com/bondage-without-chains-for-uber-ola-drivers/

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