Day: March 1, 2008
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Kodaikanal: A struggle against Capitalist hegemony and Economic racism
“Just between you and me, shouldn’t the World Bank be encouraging migration of the dirty industries to the LDCs (least developed countries)?” wrote Lawrence Summers, the then chief economist of the World Bank, in 1991. He argued that the loss of income due to disablement or death of workers in the LDCs would have a…