Monday, May 28, 2012

Ten Issues - 22

1- Banning middlemen from oil trade could drive down price of crude by 40% : These middlemen add little value and lots of cost as they bid up the price of oil in pursuit of financial gain. They are "pure" speculators - investors who buy and sell oil futures but never take physical possession of actual barrels of oil.

2- Daron Acemoglu on Inequality - The US, the UK and many other countries have become far less equal over the past 30 years. The MIT economics professor says it's important we understand how and why this happened, and what it means for our societies. He also review Five Books.

3- The Emperor Uncrowned - A complete reportage on the rise of Narendra Modi.

4- The new think tank by Niranjan Rajadhyaksha:- Dry intellectual pursuits such as neuroscience and auction theory are solving problems on the ground. We met four people whose models prove how.

5- December 1984 By Sathyu Sarangi : Many of the battles begun 25 years ago, in the aftermath of catastrophe, continue today. A deep and moving saga of the struggle of Bhopal victims.

6- Of chick charts, hen charts and other such women’s stories: Saba Dewan - This could be termed as a pioneer of the Feminist movement in modern-day Delhi. It will be difficult to fathom that such sexist and misogynist behaviour existed in educational institution.

7- Plutonomy and the precariat: On the history of the US economy in decline - Prof. Chomsky explains that the current US economy is built on 'growing worker insecurity' - people who are too busy and poor to make demands.

8- The Importance of Not Being Earnest : The larger implications of a country that takes itself too seriously. - We as the Public India seems to have no sense of humour at all. And all attempt of sarcasm and other sharper kinds of humour.

9- Marx at 193 by John Lanchester - Writer review here importance of Marx and he really did have the most astonishing insight into the nature and trajectory and direction of capitalism.

10- Great biographic article on Prof. Amartya Sen who studies of social choice, welfare measurement, and poverty and do research on fundamental problems in welfare economics.

Quote of the day :- Personally, I'm in favor of democracy, which means that the central institutions of society have to be under popular control. Now, under capitalism we can't have democracy by definition. Capitalism is a system in which the central institutions of society are in principle under autocratic control. Thus, a corporation or an industry is, if we were to think of it in political terms, fascist; that is, it has tight control at the top and strict obedience has to be established at every level - there's a little bargaining, a little give and take, but the line of authority is perfectly straightforward. Just as I'm opposed to political fascism, I'm opposed to economic fascism. I think that until major institutions of society are under the popular control of participants and communities, it's pointless to talk about democracy.” — Noam Chomsky

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