Monday, October 6, 2008

"Socialism constitutes the only hope for overcoming human misery" -- Interview with Prabhat Patnaik

Interview with Professor Prabhat Patnaik:

But what the [financial] crisis [in the world's capital markets] does is to undermine the ideology of neo-liberalism which gives the Left a chance to intensify its struggle against neo-liberalism. And in so far as the recession that is arising will hurt not just the workers and peasants but even sections of the middle classes which have hitherto been beneficiaries of neo-liberalism, the soil for this struggle will be more fertile now. So, the short answer to this question is that the Indian policy-makers left to themselves will not change course, but we have to make them change course.
Eminent economist Prabhat Patnaik replies exclusively to a set of interview questions from Pragoti's Editorial Team.

Prabhat Patnaik is a leading Marxist economist, and is a professor at Centre for Economic Studies and Planning at Jawaharlal Nehru University. He is also the vice-chairman of the Planning Board in the state of Kerala.

Read the full interview here.

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