THE ANXIETY OF THE INDIAN BOURGEOISIE and its articulation are writ large in the slew of actions and reforms that the Central and State governments have announced to overcome the economic crisis triggered by the COVID-19 pandemic. This is obvious from the crude coercive expression of intent by Karnataka which, at the behest of the builders’ syndicate, cancelled special trains from Bengaluru meant to ferry stranded migrant workers to their homes, and from the Central government’s “economic package”. These point to a consciously conceived path to recovery from the current economic crisis by Indian capital in its characteristic moribund manner.
In a world that is starting to build anew, fully conscious that the new may not resemble the old, Indian capital has made a renewed and aggressive push for a decadent neoliberalism it hopes will help overcome the current crisis. This path to recovery will not only devastate the livelihoods of a large section of the Indian population but undermine capital itself. It is increasingly evident that the Indian bourgeoisie lacks an enlightened articulation of its self-interest. Overcoming this crisis will have to be a case of saving capitalism from itself.
CRISIS OF CAPITAL
Much of the world economy was already in chronic slowdown when the COVID-19 shock pushed it into an unprecedented crisis. Suspension of economic activity to limit the contagion by physical distancing, though imperative for mitigating pandemic-driven mortality, has led to a complete breakdown of the usual course of production and exchange. This has been detrimental to both capital and labour, though its repercussions are differentiated in form and severity contingent on their respective role in the reproduction of the social order.
This story is from the June 5, 2020 edition of FRONTLINE.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the June 5, 2020 edition of FRONTLINE.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
How Not To Handle An Epidemic
The lockdowns were meant to buy time to put in place appropriate health measures and contain the coronavirus’ spread, but they have failed to achieve the objective and heaped immense misery on the marginalised sections of society. India is still in the exponential phase of the COVID-19 infection and community transmission is a reality that the government refuses to accept.
Tragedy on foot
As the COVID-19-induced lockdown cuts the ground beneath their feet in Tamil Nadu, thousands of migrant workers are trudging along the highway to the relative safety of their upcountry homes.
Sarpanchs as game changers
Odisha manages to keep COVID-19 well under control because of the strong participation of panchayati raj institutions and the community at the grass-roots level under the leadership of Chief Minister Naveen Patnaik.
Scapegoating China
As the COVID-19 death rate spikes and the economy tanks in the United States, Donald Trump and his advisers target China and the World Health Organisation with an eye to winning the forthcoming presidential election.
New worries
Kerala’s measured approach to the pandemic and lockdown has yielded results. But it still has to grapple with their huge economic impact on its economy, which it feels the Centre’s special financial relief package does little to alleviate.
No love lost for labour
Taking advantage of the lockdown and the inability of workers to organise protests, many State governments introduce sweeping changes to labour laws to the detriment of workers on the pretext of reviving production and boosting the economy.
Capital's Malthusian moment
In a world that needs substantial reorienting of production and distribution, Indian capital is resorting to a militant form of moribund neoliberalism to overcome its current crisis. In this pursuit of profit, it is ready and willing to throw into mortal peril millions whom it adjudicates as not worth their means—an admixture of social Darwinism born of capital’s avarice and brutalism spawned by Hindutva. .
Understanding migration
When governments and their plans are found to be blatantly wanting in addressing reverse migration, exercises such as the Ekta Parishad’s survey of migrant workers throughout India can be useful to work out creative long-lasting solutions.
Waiting for Jabalpur moment
The Supreme Court’s role in ensuring executive accountability during the ongoing lockdown leaves much to be desired. Standing in shining contrast is the record of some High Courts.
An empty package
The Modi regime, which has been unable to control the COVID-19 infection, restore economic activity and provide relief to millions exposed to starvation, trains its sights on Indian democracy, making use of the panic generated by fear and a lockdown that forecloses paths of resistance.
