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๐Ÿ—๐ŸŽ% ๐จ๐Ÿ ๐ˆ๐ง๐๐ข๐š๐ง๐ฌ ๐๐จ๐จ๐ซ๐ž๐ซ ๐“๐ก๐š๐ง ๐ญ๐ก๐ž ๐–๐จ๐ซ๐ฅ๐'๐ฌ ๐๐จ๐จ๐ซ๐ž๐ฌ๐ญ ๐‘๐ž๐ ๐ข๐จ๐ง! India's "Economic Miracle" is a Myth built on Inequality. ๐‡๐ž๐ซ๐ž'๐ฌ ๐“๐ก๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ฌ๐ข๐ฏ๐ž ๐“๐ซ๐ฎ๐ญ๐ก Without the top 10% of earners, the per capita GDP for the remaining 90% of Indians crashes to just $1,631. That's LOWER than sub-Saharan Africa's $1,637 โ€“...

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Indiaโ€™s poorest pay higher effective tax rates than the rich, finds major new study by Prof Mukulika Banerjee of the LSE. Speaking on cine ink podcast London Vฤrta: New World Order, Prof Banerjee notes: Lower-income Indians are shouldering a disproportionately heavy tax burden compared with the wealthiest sections of society, according to new research that challenges widely held assumptions about the countryโ€™s tax system. Dr Mukulika Banerjee, a leading political anthropologist, has revealed that while everyone pays the same Goods and Services Tax (GST) on everyday items, the impact falls far more heavily on the poor when measured as a proportion of their income. โ€œEveryone pays GST โ€“ indirect tax โ€“ and the poor in India end up paying a higher proportion of their income in tax than the rich,โ€ Dr Banerjee explained. โ€œIf you buy a packet of biscuits and a rickshaw puller also buys a packet of biscuits, the GST charged on that packet is exactly the same for both of you. But the rickshaw puller earns far less than you, so in proportion to his income, he is paying a much higher rate of tax. When you aggregate this across the country, the bottom fifty per cent of the Indian population is paying a higher proportion of their income in tax.โ€ Her findings, part of a British Academy-Leverhulme Senior Fellowship, raise serious questions about taxation, inequality, and the health of Indiaโ€™s democracy. Fieldwork data paints a stark picture of the countryโ€™s extreme wealth gap: a daily-wage construction worker, fruit vendor, or pavement tailor earning around โ‚น30,000 per month qualifies for the top 10 per cent of earners, while half of all Indians survive on just โ‚น6,000 a month. Meanwhile, the top 1 per cent captures a strikingly large share of national income. #londonvฤrta #profmukulikabanerjee #cineinkpodcast #hindipodcast

Pervaiz Alam

238,821 ๆฌก่ง‚็œ‹ โ€ข 3 ไธชๆœˆๅ‰

GLOBAL INEQUALITY REACHES OBSCENE HEIGHTS The 2026 World Inequality Report offers a damning indictment of the extreme concentration of wealth and power worldwide. Among the most outrageous figures: 10% of the world's population owns 75% of the wealth, vs just 2% owned by the bottom 50%. In fIn fact, the top 0.001% alone accounts for three times as many people as half the world's population combined. The same 10% is responsible for 77% of world carbon emissions, compared to just 3% for the bottom half, who will suffer the most from runaway global heating. Accounting for unpaid domestic labour, women on average earn just 32% per hour as men. The world's wealthiest region spends 30 times as much per capita on education and healthcare as its poorest. And that yawning chasm is only growing. Marxists have long had the analytical tools to understand how such grotesque inequality came to be. Yet the language of unequal exchange -- even the basic vocabulary of capitalism and imperialism -- is nowhere to be found in the World Inequality Report's hundreds of pages. Instead, all it offers is vague prescriptions for progressive taxation and "accountability" for corporate actors. That's because the report quite literally owes itself to those same corporations' philanthropic, reputation-laundering largesse. It may usefully synthesise, in hard data, the glaringly obvious evidence we already have for the world's appalling inequities. But it can never serve as a roadmap for truly ending them. VoxUmmah Venezuelanalysis Qiao Collective Progressive International Kawsachun News Orinoco Tribune Black Agenda Report Soberanรญa: The Mexican Politics Podcast

Sovereign Media

15,596 ๆฌก่ง‚็œ‹ โ€ข 7 ไธชๆœˆๅ‰

"๐Ž๐ข๐ฅ ๐ฐ๐š๐ฌ ๐ญ๐ก๐ž ๐›๐ฅ๐š๐œ๐ค ๐ ๐จ๐ฅ๐ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฉ๐š๐ฌ๐ญ. ๐‚๐ก๐ข๐ฉ๐ฌ ๐š๐ซ๐ž ๐ญ๐ก๐ž ๐๐ข๐ ๐ข๐ญ๐š๐ฅ ๐๐ข๐š๐ฆ๐จ๐ง๐๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐Ÿ๐ฎ๐ญ๐ฎ๐ซ๐ž." And PM Modi knew it long before many others. Not very long ago, India was almost entirely dependent on imported semiconductor technology. Today, under PM Modi's leadership, India is rapidly emerging as a global semiconductor hub. In 2021, PM Modi launched the Semicon India programme with a clear vision to make India a trusted destination for semiconductor manufacturing. โžก๏ธ India's first semiconductor plant was approved in 2023. โžก๏ธ More projects followed in 2024. โžก๏ธ By 2025, five additional semiconductor projects had been cleared. In 2026, commercial chip packaging has begun at Sanand. It is proof that India's semiconductor mission is no longer just a vision. It is becoming a reality. With 10 semiconductor projects attracting over investment worth $18 billion (more than โ‚น1.5 lakh crore), India's progress reflects one thing above all: ๐“๐ก๐ž ๐ฐ๐จ๐ซ๐ฅ๐ ๐›๐ž๐ฅ๐ข๐ž๐ฏ๐ž๐ฌ ๐ข๐ง ๐ˆ๐ง๐๐ข๐š. ๐€๐ง๐ ๐ญ๐ก๐ž ๐ฐ๐จ๐ซ๐ฅ๐ ๐ข๐ฌ ๐ซ๐ž๐š๐๐ฒ ๐ญ๐จ ๐›๐ฎ๐ข๐ฅ๐ ๐ญ๐ก๐ž ๐ฌ๐ž๐ฆ๐ข๐œ๐จ๐ง๐๐ฎ๐œ๐ญ๐จ๐ซ ๐Ÿ๐ฎ๐ญ๐ฎ๐ซ๐ž ๐ฐ๐ข๐ญ๐ก ๐ˆ๐ง๐๐ข๐š. ๐Ÿ‡ฎ๐Ÿ‡ณ

BJP

31,260 ๆฌก่ง‚็œ‹ โ€ข 1 ไธชๆœˆๅ‰

New PNAS paper. Historical GDP per capita data is scarce, but data on the places of birth, death, and occupations of famous individuals is abundant. In this paper we estimate the historical GDP per capita of hundreds of regions in Europe and North America using a machine learning model that leveraged data on about 500k famous biographies. Our estimates more-or-less quadruple the availability of historical GDP per capita estimates for the last 700 years. So why use biographies to augment historical GDP per capita data? Biographical data contains information about people who might have contributed directly to economic growth, like James Watt, or that were attracted to wealthy places looking for patrons, like Michelangelo. So we--mainly Philipp (Philipp Koch)--used this data to construct hundreds of features describing each European region. Then, we trained a machine learning model to find the features that explained most of the variance in a cross-validation test, where we split regions multiple times into a training set and a test set. On average, the model explained about 90% of the variance in GDP per capita of the regions it had not seen during training. But we wanted to go further, and Philipp really went to town by looking at different ways to validate our estimates. We found our estimates correlate positively with historical measures of wellbeing, church building activity, urbanization, and body height. We also used these measures to reproduce the basic Atlantic trade result of Acemoglu, Johnson, and Robison and to explore the economic consequences of the famous Lisbon earthquake of 1755. But what I personally loved most about this project, other than working with Philipp Koch and V, is that it shows that we can use machine learning methods not only to explore the future, but the past. There is a bright and growing future in the use of machine learning for economic history. Hope you enjoy the paper and the data. You can find links to the paper and a data exploration tool in the first comment.

Cรฉsar A. Hidalgo

54,348 ๆฌก่ง‚็œ‹ โ€ข 1 ๅนดๅ‰

Zimbabweโ€™s economy is bigger than previously thought โ€” well, on paper, at least. According to a new survey by Zimbabwe National Statistics Agency - ZIMSTAT, the countryโ€™s GDP is now estimated at US$44.4 billion, up from the earlier estimate of US$35.2 billion. Why the jump? Finance Minister Hon Prof Mthuli Ncube says the revision follows an economic census that captured โ€œa larger number of business entities that have emerged since 2019โ€ โ€” the last time Zimbabwe updated its GDP base year. This process, known as rebasing, adjusts GDP figures to better reflect the current structure of the economy. It adds economic activities that may not have been counted in 2019. So, what changes? ๐Ÿ“Œ Per capita income โ€” the average income per person โ€” would rise to over US$3,000 in 2025 (vs World Bankโ€™s current US$2,656). ๐Ÿ“Œ The debt-to-GDP ratio - a measure of how much the country owes compared to the size of the economy - drops from 60% to 45%, making Zimโ€™s huge debt look smaller when compared to the economy. ๐Ÿšจ But thereโ€™s a flipside: a bigger GDP also means a lower revenue-to-GDP ratio โ€” making Treasury look even less efficient at collecting revenue. Rebasing doesnโ€™t change whatโ€™s in your wallet. But for govt and investors, itโ€™s supposed to offer a more up-to-date picture of the true size of the economy, how itโ€™s now structured โ€” and whoโ€™s now part of it. The update comes after years of mixed signals from Govt officials, whoโ€™ve given varying GDP figures. The World Bank put Zimbabweโ€™s GDP at US$44.1 billion in 2024, while the IMF previously estimated it at US$38 billion.

newZWire

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THIS YOU WILL NEVER LEARN IN SCHOOL We must get this continent back to life. ยฐ Africa area = 30,37 million km2 ยฐ China area = 9,6 million km2 ยฐ US area = 9,8 million km2 ยฐ Europa area = 10,18 million km2 โ— Africa is bigger than all of Europe, China and the United States of America together. โ— But on most world maps, Africa is represented in downsize. This is deliberately done to create the visual effect of a small Africa to manipulate, brainwash, and deceive Africans wherever they are: - Africa has 60 % arable land; - Africa owns 90 % of raw material reserve; - Africa owns 40 % of the global gold reserve; - Africa, 33 % of diamond reserve; - Africa has 80 % of Coltan's global reserve (mineral for telephone and electronics production), mainly in the Democratic Republic of Congo. - Africa has 60 % of global cobalt reserve (mineral for car battery manufacture) - Africa is rich in oil and natural gas. - Africa (Namibia) has the world's richest fish coastline. - Africa is rich in manganese, iron and wood. - Africa is three times the area of China, three times the area of Europe, three times the United States of America. - Africa has thirty-half million km2 (30 875 415 km2); - Africa has 1,3 billion inhabitants (China has 1,4 billion inhabitants in 9,6 million km2). Which means Africa is SUBPOPULATED. -The arable lands of the Democratic Republic of Congo are capable of feeding all of Africa. And all of Africa's arable land is a cord to feed the whole world. - The Democratic Republic of Congo has important rivers that can illuminate Africa. The problem is that the CIA, western companies and some African puppets have destabilized DRC for decades. - Africa is a culturally diverse continent in terms of dance, music, architecture, sculpture, etc. - Africa accommodates 30.000 medicinal recipes and herbs that the West modifies in its laboratories. - Africa has a young global population that should reach 2,5 billion by the year 2050. โ— AFRICA REPRESENTS THE FUTURE OF HUMANITYโ€ผ๏ธ

Liberate Africa

67,168 ๆฌก่ง‚็œ‹ โ€ข 3 ๅนดๅ‰

The Mumbai Metropolitan Region is emerging as one of the world's most ambitious urban growth stories. Home to 25 million people and contributing 6% of India's GDP, MMR is laying the foundation for the future of urban India. At the heart of this transformation is MMRDAโ€”India's largest regional development authority and among the top five globallyโ€”delivering 100+ projects, 337+ km of metro lines, 100+ km of major roads and a planned urban tunnel network of nearly 90 km. In this special conversation hosted by Columbia Business School and Brookfield, one of the world's leading investment management firms, Dr. Sanjay Mukherjee, IAS, Metropolitan Commissioner, MMRDA, shares how MMR is emerging as a global supercentre and advancing India's journey towards Viksit Bharat. Guided by three core principles: โœจ Rebooting Mumbai ๐Ÿ—๏ธ Reshaping MMR ๐Ÿš† Mumbai in Minutes Watch Part 1 of this conversation and discover how one of the world's fastest-transforming metropolitan regions is preparing for its next great leap. โ–ถ๏ธ Watch the full interview on YouTube via the link here: #ReimaginingMMR #MMRDA #RebootingMumbai #ReshapingMMR #MumbaiInMinutes #ViksitBharat #ColumbiaUniversity #GlobalMMR #FutureOfCities #UrbanTransformation CMO Maharashtra Devendra Fadnavis Eknath Shinde - เคเค•เคจเคพเคฅ เคถเคฟเค‚เคฆเฅ‡ Dr. Sanjay Mukherjee Columbia University Columbia University_Biz Brookfield Brookfield Properties NITI Aayog MAHARASHTRA DGIPR PIB in Maharashtra ๐Ÿ‡ฎ๐Ÿ‡ณ PIB India

MMRDA

20,471 ๆฌก่ง‚็œ‹ โ€ข 2 ไธชๆœˆๅ‰