economics

India-Bangladesh relationship - Look beyond economics

The relationship between Bangladesh and India mainly concentrates on economics and often on divisions- religious divides, land and border disputes, export-import imbalance, sovereignty, nationalism, difference between political trends and often hatred.

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Do not play with our kids future

As school education makes a comeback on the public debate agenda for all the wrong reasons, and none but the Islamic fundamentalists have come out to defend the government yet, here's a message for the Awami League policy makers: Open your eyes, stop substituting BNP-Jamat, act like the secular center left party it meant to be, show some leadership and do not even dare to play opportunistic games with our kids future for short term political greed. It might be of interest for few, but in the long term the social and economic consequences of such selfish practice will be severe, and you'll be judged for that, even long after you're gone.

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A few characteristics of contemporary capitalism

The inherently chaotic, crisis-prone nature of capitalism was a key part of Marx's writings. He argued that the relentless drive for profits would lead companies to mechanize their workplaces, producing more and more goods while squeezing workers' wages until they could no longer purchase the products they created. Sure enough, modern historical events from the Great Depression to the dot-com bubble can be traced back to what Marx termed "fictitious capital" – financial instruments like stocks and credit-default swaps. We produce and produce until there is simply no one left to purchase our goods, no new markets, no new debts. The cycle is still playing out before our eyes: Broadly speaking, it is what made the housing market crash in 2008. Decades of deepening inequality reduced incomes, which led more and more people to take on debt. When there were no sub-prime borrows left to scheme, the whole facade fell apart, just as Marx knew it would.

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The Savar Massacre

The latest number of casualty from the Savar Massacre of 2013 due to the collapse of a 9-story building known as Rana Plaza (owned by Sohel Rana, a stalwart of the local branch of the Jubo League, an affiliate of Awami League which heads the current ruling coalition) exceeds 700 as of this writing! It is likely to go up, as many still remain unaccounted, their relatives desperately hoping for miracles. List of injured had passed 1,000 mark soon after the collapse; not sure any one is keeping tabs on that any longer. The rising toll keeps pushing our sense towards numbness and our patience to breaking the point.

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Behind the US Debt Crisis

(From the Perspective of a non-Economist)  

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The Firing Protocol

The Firing Protocol

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If not they, then who?

Ripan Kumar Biswas

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Grameen Bank – as I See it Waning.

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