"Many multinational corporations feel their mouths water at the mention
of the opening up of the Indian economy. India offers a good ground for
plunder. Even if only 10 per cent of the population of 1.06 billion have
5,000 rupees to spend, that offers a big market." (1 euro=56 rupees).
LC: It shows what’s possible when you have a party and a leadership
which wages a real fight in defence of workers’ interests. At that time,
like today, local councils were carrying out a mix of cuts,
privatisation or raising local taxes to compensate for cuts in central
government grants. This was...