FuckyWucky

Also what Government built housing in India? Most of the Government apartments are now only for the public sector workers. Not even general public.

There are many Government built staff apartments which are completely abandoned after the state eneterprises were privatized.

They destroy slums in central areas, the capitalists buy it for cheap for luxury apartments and move all the people living to the periphery where they don't have access to jobs because transportation is too expensive.

In many ways not that different from the US. Gentrification and all. Except less use of market and more brute force of the state, primitive accumulation kind of.

Edit: and Government owned stores for distribution of food grains and essentials at a subsidized price is the only reason why India isn't facing a worse hunger and malnutrition crisis than it already is.

Something could have happened

Wonder how much this had to do with the end of operation gladio

Isn't the effectiveness of RRR doubtful even in "scarce reserves" regime like China? Are they doing it because they assume the monetarist loanable funds or because RRR is actually somewhat effective given the public sector nature of China's banking system. But even then, PBOC has to backstop any system wide reserve shortage.

Corruption: Russia because the US and the West helped concentrate wealth and power among oligarchs.

Economic policy : Russia in the 1990s, whose policy was dictated by US and the West.

US is getting a taste of what it did to other countries.

Other fascistic countries are copying Trump admin's arguments on deportation, almost like they put it through ChatGPT to change the wording slightly:

The Union Home Ministry’s (MHA) appeal against a Jammu and Kashmir High Court order to repatriate a 62-year-old housewife who was deported to Pakistan post Pahalgam terror attack said the “judiciary should not override” the executive’s decision to deport a foreign national.

It said the High Court order was constitutionally impermissible and unsustainable, as it directed the enforcement of a judicial writ beyond the sovereign territory of India to Pakistan, where she was deported and was thus ultra vires.

The Ministry also said that the court’s direction was “legally unenforceable and diplomatically untenable”.

“There exists no extradition treaty, legal instrument, or international obligation binding Pakistan to return her to India. The Indian government cannot, under existing international law, compel a sovereign nation to surrender a non-citizen,” the MHA said.

Source

versus

A federal judge did not have the authority to order the Trump administration to broker the return of a Maryland man who was mistakenly deported from the U.S. to a notorious El Salvador prison, government attorneys argued Saturday as they urged an appeals court to suspend the ruling.

U.S. District Judge Paula Xinis on Friday ordered the administration to "facilitate and effectuate" Kilmar Abrego Garcia's return to the U.S. by late Monday night. Justice Department lawyers asked the 4th U.S. Circuit Court of Appeals to immediately pause the judge's order.

"A judicial order that forces the Executive to engage with a foreign power in a certain way, let alone compel a certain action by a foreign sovereign, is constitutionally intolerable," they wrote.

Abrego Garcia's lawyers in response on Sunday urged the court to deny the government's request, arguing lawyers for the Justice Department failed to demonstrate their argument would likely succeed on the merits. They also argued the government's claim that the order to return Abrego Garcia "is neither possible nor proper" is "wrong on both counts."

Source

Yes yes I fixed it. My point is not that it's unimportant but that domestic soverign yields can be pegged, managed and even when not there are market expectations about it being risk free in nominal terms (which it is against involuntary default). Foreign exchange rates can't be pegged (atleast forever and esp not with open capital flows).

Another win for the "nothing ever happens", kinda

Something is happening with the Dollar index, that's the measure to watch, never local currency sovereign bond yields.

Anyone remember trumps silly military "parade" sponsored by coinbase and palantir? No one cares now ig.

Yea the more neoliberal democrats criticized it for increasing the deficit and nothing else.