South Asia Citizens Web

www.sacw.net - 31 October 2008 A Theory of Crisis
The credit system was relatively undeveloped in Marx’s time, and he would not have been familiar with hedge funds, mortgage-backed securities, collateralised debt obligations (CDOs), credit default swaps (CDSs), and all the other derivatives that are now part of the global financial system. However, he was familiar with generalised crises, and tried to explain financial turmoil in terms of what is now referred to as ‘the real economy’: (…)

The constant invention of the ’other’ as a necessary tactic of survival by the Shiv Sena, and now the Maharashtra Navnirman Sena (MNS) in Bombay

[Asian Age >http://www.asianage.com/presentation/leftnavigation/opinion/op-ed/old-fears-and-bitterness-now-resurface-in-assam.aspx]
The girl from a television channel in New Delhi was extremely enthusiastic on the phone. She wanted me to go on air the next evening on a live interview with another panelist on the situation in Assam — conveniently called the "Bodo-Muslim clashes". I debated the issue internally and finally decided that it was not appropriate to do so because the situation (…)