Economía marxista para el Siglo XXI

India’s Modinomics

Michael Roberts Blog

This week marks the start of the biggest democratic election in human history, at least if we mean by democracy a vote for a parliament. Around 814m Indians are eligible to vote over the next six weeks to elect a parliament from which a government will be formed in late May.

The incumbent Congress party-led coalition is heading for a big defeat. The Congress party, India’s main bourgeois party that has ruled for most of the years since independence from British imperial rule in 1949, has been controlled by a family dynasty based on its leader Nehru and the Gandhis. Rahul Gandhi and his mother Sonia currently control the party. But the failure of their government to sustain economic growth and make sufficient jobs available for the impoverished agricultural peasants and the unemployed and underemployed of the teeming cities has lost them support. As the mainstay of the Indian capitalist…

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