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Author: Prabhat Patnaik

Davos
Capitalist crisis

The impending world recession

January 21, 2023 Prabhat Patnaik
The IMF managing director Kristalina Georgieva has now openly admitted that the year 2023 will witness the slowing down of the world economy to a point where as much as one-third of it will see […]
FTX
Capitalism and Marxism

The meteoric rise and collapse of FTX

December 5, 2022 Prabhat Patnaik
The large cryptocurrency exchange FTX went out of business on November 11. Many have likened this phenomenon to the collapse of the investment banking firm Lehman Brothers during the financial crisis of 2008, believing the […]
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