Compare these with what happened in the 1970s crisis in Latin America, the first one after the launching of neo-liberal policies, or the crisis that happened to the East Asian Miracles (as IMF and World Bank called them) in 1997, or the crisis faced by US in 2008 or with the stagnation faced by China presently.
These comparisons show that the crisis is imminent here. In order to overcome these the comprador experts are suggesting further crash measures like Green Revolution following the food crisis in 1965-67, or introduction of neo-liberal policies following the foreign exchange crisis of 1990-91. They advocate further crash measures including opening up of the economy to market forces fully as the IMF-WB - WTO trio demand. This is what the
Modi government is doing, strengthening corporate raj in all fields. FDI in all sectors has been increased, education and healthcare have been reduced to services which can be traded under options of GAT of WTO, banking, insurance like areas are opened further with 100% FDI in private banks and insurance etc.
These measures are going to deepen the crisis in all sectors leading to further pauperization of the masses, unemployment, price rise, corruption and devastation of nature. This is bound to intensify the contradiction between the corporate-comprador ruling system and the masses to an explosive situation.
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