Red-green deal by Praful Bidwai – 11 January 2012, Frontline Publication

It is time to jettison neoliberalism for programmes that combine equity with climate-sensitive schemes for universal public service provision. As global capitalism’s worst crisis in seven decades continues unremittingly, it becomes obvious that the shop-worn solutions recommended by the International Monetary Fund (IMF), the United States Federal Reserve, the European Central Bank and other agencies devoted to neoliberal approaches are failing. The combination of austerity, harsh budget cuts, bank bailouts, fresh capital infusion into financial institutions, and further privatisation of public companies and services is just not delivering results.

Red-green deal – Praful Bidwai