Climate change of another kind

The sustained attack on Keynesian demand management in the name of “sound finance” has re-established the dominance of finance capital the world over, except in a few Latin American countries where social democracy has forced its way into policy in a new guise. Changes in the climate of economic policy affect more directly and immediately our everyday life compared to changes in the global physical climate. And yet, while physical climate change receives a good deal of attention and research, economic climate change is seldom noticed and rarely commented upon. The logic of subservience helped to produce higher growth but cannot hide our shame. India is emerging not as a global power but a country emerging with the largest number of illiterates, most of the undernourished children and anemic mothers in the 21st century. This is the self-proclaimed largest democracy which offers people no real political choice in the name of freedom to choose.