Scarcity and Socialism

Life means reproduction and survival up to the age of reproduction. That survival requires energy that we receive by consuming various goods. There are two types of these goods. One that we use directly to satisfy our needs and second that indirectly satisfies our needs. The first one is called consumer goods and the second […]

Is Capitalism ‘Under Serious Threat’?

The former governor of RBI and the chief economist of IMF Dr. Raghuram Rajan recently told BBC that, I think capitalism is under serious threat because it’s stopped providing for the many, and when that happens, the many revolt against capitalism. He said governments cannot afford to ignore social inequality when considering the economy. Is […]

Capitalism, Overpopulation and the Environment

It is difficult to place oneself in the national conversation without entering the hotly debated sphere of “sustainability,” and what needs to be done to create a “sustainable” future, characterized by the usage of resources such that future prosperity is not hindered. It would seem as though the key to ensuring the existence of sufficient […]

Capitalism Free India

On a recently concluded  residential course for men and women volunteers of Hindu Swaysmsevak Sangh (HSS) at Nagpur the RSS chief Mr. Mohan Bhagwat said, only India could rescue the world from the clutches of capitalism. “The whole world is in the clutches of capitalism. Only India can rescue the world from this calamity.” Is […]

India and Captialism

By Madhusudan Raj In this book review I am going to take a look at a very important book written by French sociologist Professor Jean Baechler, The Origins of Capitalism. What differentiates the Western civilization from the rest of the world is its capitalist spirit, which, sadly, started waning in the last part of the […]