India’s Demonetization: No Impact on Black Money Despite Huge Costs It Imposed
India’s demonetization exercise was for naught, with the RBI reporting last week a scant 1% of banned notes not converted into new currency.
Read more...Category Archives: India
The New New Deal
The myth of the virtues of markets is past its sell-by date. Time for a new guiding principle, and the New Deal may be the place to start.
Read more...Climate Change: What Follows as US Surrenders Global Leadership Role?
Shell CEO calls on Trump not to renounce Paris climate accord, but if the US does, other efforts- e.g. Chinese, Indian– will loom larger.
Read more...Apple Spends Big to Thwart Right to Repair in New York and Elsewhere
Apple spends big to thwart right to repair, while efforts to expand into to India meet mixed results and fail to snare concessions as sought.
Read more...Growing Inequality Under Global Capitalism
The benefits of capitalism are accruing even more to a very few at the top.
Read more...Globalization and the End of the Labor Aristocracy, Part 3
On the current structure of globalization and its implications for the distribution of income within and between countries.
Read more...Faster Fashion Cycle Accelerates
Sustainable fashion initiatives face huge obstacles in displacing fast fashion’s popularity, despite fair labor and environmental concerns.
Read more...Bad Bank Proposal for India: A Partial Jubilee Financed by Zero Coupon Perpetual Bonds
A proposal for a partial jubilee as a way to clean up banks overburdened with bad loans.
Read more...India’s “Bold Experiment With Cash”: Debunking Myths
India radical demonetization policy: Is this a decisive action against the black economy or an ill-considered, damagingly arbitrary act?
Read more...Cringley: How Silicon Valley Can Sidestep Trump H-1B Visa Restrictions
Why restrictions on H-1B visas may not do much for tech workers.
Read more...Demonetisation: India’s Stress Test
Did India’s sudden removal of 86% of hard currency from circulation achieve its aim of fighting corruption? And how much did it hurt growth?
Read more...Fast Fashion: A Few Thoughts Sparked by Recent News
Fast fashion is flourishing in the US, despite problematic labor practices and the considerable environmental costs it generates.
Read more...Waste Not, Want Not: Right to Repair Laws on Agenda in Some States
Right to repair laws are back on the agenda in five states. These measures would reduce costs and waste, and promote local repair services.
Read more...The Global War on Cash – India’s Demonetization Debacle
India’s demonetization debacle has destroyed growth in what was the world’s fastest growing economy while failing to ferret out black money.
Read more...The Global War on Cash – Lessons from History
Introduction Regular readers will be fully up to speed on the Reserve Bank of India’s botched attempt at a handbrake turn style demonetisation thanks to Jerri-Lynn Scofield’s thorough coverage (see here, here and here for more background on this sorry tale). But the Indian government’s attempt at implementing a strategy of moving an economy away from physical cash […]
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