There is a lot of global upheaval about the anticipation of the rate hike by the US Fed due to spiral inflationary worries. However, in the last two years, most of the inflation is not on account of the excessive money supply – which remains in the economy because of dovish monetary stance and undue …
(Written by Sukhveer Singh, an IAS of 1997 batch, Madhya Pradesh Cadre) These days many countries are facing an economic crisis. Sri Lankan economy is one of them where the prospects of civil war are building up, and the economy is crumbling day by day. The island nation of Sri Lanka is facing a shortage …
Socialism has long been championed as an idealistic system promoting equality and collective well-being. However, its practical implementations, as well as its theoretical underpinnings, have often failed to deliver the promised utopia. By examining key literature and historical evidence, this article critiques socialism from multiple perspectives, illustrating how its flaws—both conceptual and practical—render it an …