Blog Search

PAATOM

The online edition of 'PAATOM' Magazine founded by MN Vijayan -

In the Context of diffusion of imperialist machinery into the Indian Communist movements PAATOM raises indignant resistance against the hell of ideology and praxis vitiated by the pseudo Marxist goons of imperium.

'PAATOM' is a resistance from the deepest of the racial sanctity of humanity nursed by the leftist political ethos. "PAATOM" is the voice of honest determination, that means to uncover the treacherous objects concealed beneath the mystery of hegemonic jargon.

We offer a laborious contribution to the truly humanist interventions that would enlarge the circumference and depth of emotional and intellectual perceptions.

Tuesday, May 24, 2016

Role of decentralized planning in the mounting public debt in Kerala economy

During Thomas Issac's period there started a steep increase in borrowing from public market, reports CAG. The present day crisis in economy is the inevitable out come of Issac's act ,reports CAG. It is a fact undeniable that when Issac left the post the public debt of Kerala was around 79,000 crores. The increase in debt and interest is the out come of poor economy management in decentralized planning. 


You cannot check it by the drama of purging tax collections in the check post. It is a game that would bring applause to the actor but the actor has betrayed the people by opening the gate way to finance marketing the development planning or decentralized planning was scripted by USAID and World Bank to serve the interest of finance capitalism in India, particularly in Kerala with its slender productive economy being converted to a market where finance is sold out at all levels.

We are a people subjugated by the flow of finance on all sides colonized by external finance power that struck our production oriented economy to a state of fragmentation that we would prefer not to remember. Interestingly, Mr.Issac is silent on the growth of public debt or it does not disturb his affectations during his heroic crusade against corruption but the present day monstrosity of corruption is the product of finance marketing that has ruined every nerve of our village economy, as everybody knows no project in the decentralization exercise, is exception to corruption. Decentralization is the nationalization of corruption