Editorial
The Challenges before the Maoists
The millennia started with the hype of
ushering in an era of undisputed victory of capitalism under the aegis of the
US imperialism’s aggressive march as the self-proclaimed sole leader of the
world. It is interesting to note that the quick sand of economic crisis was
being simultaneously created. Their millennial proclamation was soon followed
by their wars of aggression in Afghanistan and Iraq. In fact these wars, which
reflected the megalomaniac great power ambitions of the U.S. manifested through
the Bush Jr. regime, played a vital role in the generation of the crisis. This
aspect has not been duly acknowledged. Rather the focus is narrowed down to the
speculative bubbles of financialisation. The fact of the matter remains that
the crises that periodically affects the capitalist economy given its striving
for over production driven by greed for profits continues in this century. Not
only that, it is accentuated by financialisation, which makes the economy all
the more vulnerable. All of this built towards a spiralling crisis leading to
the worst ever recession modern society has seen. The fall out inevitably led
to sharp decline in the living standards of the vast majority of the
marginalised masses all over the world including that of the first world
advanced nations. The imperialists tried to present a bold face through
attempts to tackle this unitedly, even giving some place to emerging Third
World powers like China and India. But their patch work solutions have only
created an environment for stagnation and further crisis. At the same time they
limit their options for future damage control.
Their desperate attempts to simulate the economy while trying to
maximise profits and impose the burden on the masses has further aggravated the
situation. It has led to widespread displacements and migration, unemployment
and underemployment, sharp increase in poverty levels, hunger and suicides.
