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My notes 08-09-2015

Growth of Left in the west

  1. Bernie sanders inUSA, Jeremy corbyn in UK, Pablo Iglesias founder of podemos political party, Beppe Grillo from Italy all represent the growth of Left in the west.
  2. The recent victory of Syriza in greece is a symbol of hope for a more citizen oriented, dempcratic, transparent political narrative.
  3. Raise in Inequality and unemployment in the west can be said as major reasons for growth of left.
  4. After liberalisation, the top one percent americans earnings increased by 191%, but the middle calss wages fell by 5%.
  5. As Francis Fukuyama states, today’s liberal democracies are increasingly undergoing repatrimonialisation — the capture of independent state institutions by powerful elites. The egalitarian ethos, tempered by the idea of a society, has dissolved.
  6. In 1890s , the rise of the progressives like woodrow wilson, Teddy roosevelkt reformed the Government and political economy away from the Gilded age. Today, We are in the middle of a Second Gilded Age, with rent-seeking plutocrats accumulating vast fortunes. Amid this, a new progressive class has emerged, technologically savvy and intolerant of a corrupt and oligarchic government. It seeks sweeping reforms of government and public services. Despite institutional resistance, these efforts could culminate in a Newer Deal.
  7. This Progressive Era has its challenges. To cut inequality, we need to raise the level of minimum wages, strengthen collective bargaining, and improve employment benefits. Women need equal wages, flexible work environments and better childcare facility. We need better regulation of business, especially for rentseeking sectors. Climate change requires a systemic response, with enhanced environmental protection.. With new demands for reservation based on economic criteria, the old politics of ethnic, racial and caste based reservation or affirmative programmes will soon die.

 

GST bill

Saturday, April 25, 2015

11:10 AM

Modi govt.’s model for GST may not result in significant growth push

Reasons

  1. Many of the important items like Tobacco, alcohol, Electricicty,alcohol , petrol and diesel all kept out of its scope,
  2. Extra 1% levy for interstate movement of goods
  3. Revenue neutral model

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