A disappointing start
It has been a disappointing start for the PTI government as there appears to be no serious agenda for reforms beyond the symbolic, meaningless and superficial measures it has taken…
Tag: economic crisis
40% budget will goes to debt repayment
The debt servicing and repayments casting Pakistan heavily as 40% federal budget will be spent for this purpose in the next financial year. The allocation for debt servicing is on…
Elections in Italy
The Italian capitalist class was hoping to get a strong and stable government after the election. The election results came as political earthquake for them since both the traditional parties…
Brazil in a vortex
For many years, Brazil has been billed as a successful model of capitalist development, democratic transformation and political stability by the international capitalist ruling class and institutions like the World…
Iran and dissent
Thousands of students, unemployed youth and ordinary people have come out on the streets of Iran to protest price hikes, unemployment and social and political repression. The protests are about…
A deepening crisis
President Trump’s electoral victory in the US on the economic agenda of protectionism and nationalism, Brexit and the rising tide of extreme right-wing, populist, nationalist, anti-EU forces in Europe coupled…
The rise of far right in Europe
Is it a real threat? Or a far cry The EU referendum has produced a significant shift to the right in Britain and throughout Europe. The Brexit has once again…
Brexit, what next for EU and UK ?
Political and economic turmoil continue in Britain Brexit give the biggest shock to the EU project. Brexit has not only put question mark on the future of EU but also…
US inequality continue to rise
Inequality back to 1920s level never seen before The rising inequality in America has been a major issue in the presidential nomination race so far. Senator Bernie Sanders make it…
Leave Campaign is leading the EU referendum despite the warnings from European Union leaders
Lies, fears and deceptions dominating the debate on EU referendum EU referendum is just one week away. The voters will decide the future of Britain in EU. The older people…
The crisis in Chinese steel industry- thousands of jobs at stake
The Chinese steel producers lost more than 100 billion yuan ($15.5billion) last year said the industry association. Chinese government is under immense pressure from the EU to drastically cut its…
Budget 2016-17
Yet another pro- rich budget to accelerate the capitalist growth The budget The PML-N government presented yet another federal budget for fiscal year 2016-17. Finance Minister Ishaq Dar presented the…