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 …
Capitalism, as a socio-economic system, has been the dominant force shaping the modern world for centuries. It has brought about unprecedented levels of industrialization, technological advancement, and wealth generation. Yet, this triumph comes at a significant cost. The flaws and negative repercussions of capitalism have been meticulously dissected in books such as Capitalist Realism by Mark Fisher, Lost …
An Article by Sukhveer Singh, February 01, 2023 Electric vehicles (EVs) have been gaining popularity recently as a solution to climate change due to their environmental benefits. The environmental benefits of EVs are undeniable; they do not emit pollutants, which means they do not contribute to air pollution and have reduced CO2 emissions by more …
A Blog by Sukhveer Singh, 22 January, 2023 Free will is a concept that has been debated by philosophers, scientists, and theologians for centuries. At its core, free will is the belief that individuals have the ability to make choices and decisions independently of external influences or predetermined outcomes. In contrast, determinism is the idea …
(Sukhveer Singh, an IAS officer of 1997 batch) Inflation has increased due to disruption in the supply of commodities, rising crude oil rates, and cheap loans. European countries are experiencing annual price rises in double-digits. At the same time, many emerging nations such as Argentina, Brazil, Turkey, Shri Lanka, and many more have a high …
(Sukhveer Singh, an IAS officer of 1997 batch) In the Covid-19 and the Russo-Ukraine war scenario, the people of the lower strata have been affected the most. The income of multinational companies is enormous. Even the UK government has imposed a ‘windfall tax’ on some companies. In the last two years, more than 31 lakh …
(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 …
(by Sukhveer Singh, an IAS officer, 27th April, 2022) Fed’s response to inflationary concerns: On April 21, 2022, Fed chair Powell said, “a half-point interest rate increase ‘will be on the table’ when the Federal Reserve meets on May 3-4 to approve the next in what is expected to be a series of rate increases …
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 …