The Cycle of Inflation and the Price Spiral of the 2020s©Ravi Batra Professor of Economics Southern Methodist University Dallas, Texas, 75205, USA May 24, 2023There is a well-known Chinese proverb: May you live in interesting times. With the onslaught of coronavirus in 2019, and its continuation in some form as late as 2023, our times are indeed interesting, nay nerve racking. Add to the mayhem of the virus, the unprecedented war between Russia and Ukraine, and the almost non-stop destructive weather-related events all over the world such as tornadoes, hurricanes, cyclones, snow storms, and you start wondering about the Chinese maxim: are these interesting times supposed to be good or bad. Whether good or bad, history shows revolutions occur at such extraordinary moments. According to the law of social cycles, pioneered by my late teacher Shri Prabhat Ranjan Sarkar, the era dominated by the wealthy, has always ended in a social revolution. Society is so polarized at such a juncture...
humans may speak a universal language, say scientists Sarah Knapton, TELEGRAPH science editor 12 SEPTEMBER 2016 • 8:00PM Humans across the globe may be actually speaking the same language after scientists found that the sounds used to make the words of common objects and ideas are strikingly similar. The discovery challenges the fundamental principles of linguistics, which state that languages grow up independently of each other, with no intrinsic meaning in the noises which form words. But research which looked into several thousand languages showed that for basic concepts, such as body parts, family relationships or aspects of the natural world, there are common sounds - as if concepts that are important to the human experience somehow trigger universal verbalisations. "These sound symbolic patterns show up again and again across the world, independent of the geographical dispersal of humans and independent of language lineage," said Dr Morten Christiansen, professor of psychology...
Crying Wolf? Impending Global Financial Collapse Will Change the World Order By Bill Holter Global Research, June 25, 2015 Url of this article: http://www.globalresearch.ca/crying-wolf-impending-global-financial-collapse-will-change-the-world-order/5458032 Worse than any disease or even leprosy, anyone spouting Austrian economics or even “common sense” (almost extinct today) has been shoved into the outcast corner by the mass delusional majority. Over the last few years, “theory after theory” has become fact after FACT afterFACT! There can no longer be any question, conspiracy to delude and defraud has run rampant and is a day to day operation in the Western world. Originally my thought was to write this piece about and around the perfect response, “but you do agree the government is bankrupt, right?“. I say this because almost anyone (in the U.S.), no matter what age, sex, religion, race or financial status will generally agree with this. For those who don’t agree, it is better to...
Recensione del libro di Ravi Batra “End Unemployment Now: How to Eliminate Joblessness, Debt and Poverty” by Apek Mulay, Truthout, Op-Ed Il crollo [economico-finanziario] iniziato nel 2007, è ora conosciuto come La Grande Recessione. Alcune persone, come il Premio Nobel e professore di economia alla Princeton University, Paul Krugman, lo definiscono depressione. Indipendentemente da ciò che lo si definisca, è chiaro per la maggior parte di noi che, anche dopo otto anni di immissione di carta-moneta ed enormi deficit di bilancio, l'economia globale è ancora stagnante. Secondo le ultime stime del governo, la crescita del PIL degli Stati Uniti, nel primo trimestre di quest'anno, è stata praticamente nulla. Ora, uno dei migliori economisti americani, il professor Ravi Batra, spiega perché gli approcci economici convenzionali sono stati un clamoroso insuccesso e perché non sarebbero mai in grado di ripristinare le economie mondiali al livello del 2007. In un nuovo...
From Energy War to Currency War: America’s Attack on the Russian Ruble By Mahdi Darius Nazemroaya Global Research, December 26, 2014 Url of this article: http://www.globalresearch.ca/from-energy-war-to-currency-war-americas-attack-on-the-russian-ruble/5421554 A multi-spectrum war is being waged against Moscow by Washington. If there are any doubts about this, they should be put to rest. Geopolitics, science and technology, speculation, financial markets, information streams, large business conglomerates, intelligentsia, mass communication, social media, the internet, popular culture, news networks, international institutions, sanctions, audiences, public opinion, nationalism, different governmental bodies and agencies, identity politics, proxy wars, diplomacy, countervailing international alliances, major business agreements, non-governmental organizations (NGOs), human rights, prestige, military personnel, capital, and psychological tactics are all involved in this multi-spectrum...
2015: “Year of the Militaristic Neocons”: Looming Global Financial Crisis and Wars? By Prof Rodrigue Tremblay Global Research, December 31, 2014 “The dangerous patriot: The one who drifts into chauvinism and exhibits blind enthusiasm for military actions. He is a defender of militarism and its ideals of war and glory. Chauvinism is a proud and bellicose form of patriotism, ... which identifies numerous enemies who can only be dealt with through military power and which equates the national honor with military victory.” - James A. Donovan (1916-1970), American lawyer and Commander in the United States Navy Reserve “Where you have a concentration of power in a few hands, all too frequently men with the mentality of gangsters get control.” -Lord Acton (1834-1902) (John E. Dalberg), English Catholic historian, politician, and writer “If you want war, nourish a doctrine. Doctrines are the most frightful tyrants to which men ever are subject… ” - William Graham Sumner (1840-1910),...
Today, the 14th November 2014, is World Diabetes Day as in previous years. The World Health Organisation reported that non communicable diseases, viz., diabetes, cardiovascular diseases (hypertension, atherosclerosis and cardiac/cerebral strokes), cancer, etc. account for more than 60% of deaths in India at present. Above: Bolivian police officers during a meditation session By Dr. Dhruba Hojai Today, the 14th November 2014, is World Diabetes Day as in previous years. The World Health Organisation reported that non communicable diseases, viz., diabetes, cardiovascular diseases (hypertension, atherosclerosis and cardiac/cerebral strokes), cancer, etc. account for more than 60% of deaths in India at present. The non-communicable diseases are related to stress. Although some main forms of cancer are directly related to the use of tobacco in both smoking and non smoking forms, they are also indirectly related to stress. “Stress = diabetes” Stress causes our bodies to release stress...
A new theory of unemployment: globalization and the wage-productivity gapThe economist Ravi Batra proposes, in this article, a new approach to the theory of unemployment, recession and economic depression. His idea is that the increase of the difference between wages and corporate profits, is a major cause of the recession and the economic depression because, he says, what's does not go to wages goes to profits, triggering a chain of speculative investments. And that appened in 1929 and again in 2007 causing the Great Recession.A deep recession started in 2007 in the United States and quickly spread abroad. Keynesian policies were followed, sharply raising money supply and budget deficits all over the world. But even five years later, the globe suffered from high unemployment. This paper offers a new theory, and argues that joblessness occurs when a wage gap develops in that labor productivity rises faster than the real wage. This occurred in the 1920s that were followed by a...
Ravi Batra, an Indian-born economist from Southern Methodist University in Dallas, Texas, author of many books of a socio-economic nature such as the best-seller "The Great Depression of 1990", proposes an analysis of the financial crack of 2008 and the solutions for not having any in the future. Some people talk about Ravi Batra as a Cassandra who always forecasts the worst... but unfortunately, he often gets it right. Prof. Ravi Batra and his publications Two thousand eight was year extraordinaire. It started off in a rather nonchalant way, but ended with a bang. Its myriad and breathtaking events caught the world off guard, but please allow me to say, arrogant as it sounds, that they did not surprise me, including the epoch-making victory of Barack Obama in the US presidential election. I had anticipated them all in two books more than two years ago. The first, Greenspan’s Fraud, was written in 2005, and the second, The New Golden Age: The Coming Revolution against...
Book Description The book constitutes a brief introduction to the economic paradigm called PROUT, an acronym for Progressive Utilization Theory, as well as a brief introduction to its founder, Shrii Prabhat Ranjan Sarkar (1921-1990). PROUT is considered by the author to be a solution to 80 percent of human suffering, as that suffering is caused primariliy by faulty economic structures wherein there is economic centralization, i.e., where economic power rests in the hands of a few wealthy elite, be they corporate CEOs or party bureacrats. In contrast, PROUT advocates for economic decentralization, where economic power rests with the local people, where each community, village and town controls its own local economy, where maximum emphasis is placed on developing local, ecologically and economically sustainable communities having their own ample water supplies, growing their own agricultural produce, developing their own agri- and agrico-industries, and with resulting revenue building...
In 2001 four women were murdered daily in the United States by their spouses. Nearly a decade later there has been a sharp rise in family violence, with women as the primary target. It is evidenced by more than double the calls to hotlines, hospital emergency rooms and crisis shelters overflowing with victims. Walk-ins are up 240 percent in 2009 compared to 2008, while the number of women and children staying in shelters has increased by more than 70 percent. Invariably, when poverty rises, domestic violence and specifically wife abuse also rises. Even in so-called civilized nations such as the United States, millions of wives are beaten and raped by their spouses. Hardly discussed is the psychological torture meted out to women around the world by narcissistic husbands. To get free of the trap of wife abuse, we need to break it down, analyze it and confront it, so as to understand that it begins in the mind - first of the perpetrator, then of the victim. We can pass laws, but how do...
Building a New World: Moving Past Empire Towards New Local and Global Paradigms May 19-25, 2008, Radford, Virginia Conference Overview The World Prout Assembly was established in January 2005 to study ways to create a holistic, socio-economic, political, cultural and spiritual transformation throughout the world. The vision is for activists in all countries fighting for justice in all spheres of life to come together to form one universal coalition so as to create global change. By providing solidarity to all local and global anti-exploitation struggles, the World Prout Assembly envisions the mobilization of humanity to end the economic hegemony of Empire and to usher the revitalization of local communities and local, self-sustaining economies. Specific topics of concern include (1) economic democracy and cooperatives, including worker, producer and consumer cooperatives; (2) energy and water self-sufficiency, including solar, wind and water cooperatives; and (3) bioregional,...
About the Book In February 2002, Hindu fundamentalists carried out a genocidal ethnic cleansing of Muslims in the state of Gujarat, India. The genocide was conducted in a pre-planned collusion with the police and the BJP state government of Chief Minister Narendra Modi. Between 2,000 and 5,000 Muslims were slaughtered, and more than 150,000 rendered homeless and destitute. Human rights investigators, despite having visited Kosovo and Afghanistan, were unprepared for the horrors they found in Gujarat. To date, the victims have seen no real justice, and the perpetrators continue to boast of Gujarat as a laboratory for the rest of India. With passion and hope, this book documents the Nazi, fascist origins of Hindu fundamentalism; the ongoing propagation of hatred towards Muslims and Christians in the educational system; the continuing economic boycott of Muslims in Gujarat; the legal grounds for prosecuting the BJP leaders for genocide; and the campaign of horrifically violent rape...
