Regulate the Share Markets and Save the Country

Bhalchandra Kango ()

Working Papers from eSocialSciences

Abstract: The 1% rich and powerful have found the Occupy Wall Street movement unsettling and have also made attempts at curbing its influence and outreach. It is now possible for stock-traders in international share-markets to increase or decrease the prices of shares overnight and display their control in a matter of minutes. Due to the ease of mobility of capital and money across boundaries without too many restrictions and the weakening control of governments of nations, numerous socio-economic problems have emerged in the past two decades. The impact is most distressing as far as the working class is concerned. This commentary talks of this process and its impact in India, in the context of the ‘Occupy Dalal Street’ movement. The original piece written in Marathi is available for download. If you wish to download the original text in Marathi, please write us at editor@esocialsciences.com

Keywords: Occupy Dalal Street; Occupy Wall Street; share markets; financial investments; poor; working class (search for similar items in EconPapers)
Date: 2011-11
Note: Current Affairs
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