Indian Financial Crash

Ulhas Joglekar uvj at
Tue Apr 10 04:54:48 MDT 2001

> Any comments, Ulhas?
> --------------------------
> Financial Frauds and Market Crashes: Casino Capitalism Indian-style
> Kavaljit Singh

Fraud and corruption are widespread in India. This has been the case for a
long time. Indian stock markets are extremely volatile. But stock markets
neither create wealth nor destroy it. IMO Marxists should pay attention to
productive capital, capital which creates surplus value and realises it. I
could attempt a response, if there are specific questions.


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