Social Justice And The Global Economy By Pranab Bardhan

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Response Paper 2
In the article - Social Justice & the Global Economy, Pranab Bardhan examines whether social justice can survive the predatory onslaught of globalization? According to him, all is not lost, and much is within our grasp, even though globalization poses a compelling threat towards achieving equity and social justice. I wish to take some of the cogent points raised by him further in their scope.
Loss of Collective Bargaining and Role of Globalization in facilitating exploitation of workers
According to Henry Sumner Maine , progressive societies are moving from status towards contract, and progress entails that the movement of individuals become free of the constraints imposed by state territoriality. The feudal lords in England …show more content…

Due to the labor being stranded whilst industry takes frequent flights, unionism is in stark decline. It brought the end of collective bargaining, as the capitalist found shutting operations and moving somewhere else easier than engaging with collective bargaining.
Since the 1990s the Supreme Court of India, bizarrely somersaulted the entire labor jurisprudence by introducing structural adjustment and disregarding workers rights. In T.K Rangarajan v. State of Tamil Nadu , in this per Incuriam decision the Supreme Court took away the right to strike from government employees, thus snatching the most powerful weapon of collective bargaining. Previously, labor jurisprudence of the Supreme Court was oriented towards protecting the rights of workers, and had held that right to collective bargaining is guaranteed to government employees. (Bangalore Water Supply v. …show more content…

The multi-national elite has seized for itself all privileges to create and innovate at the expense of the developing countries, who can no longer access the information and technology necessary to alleviate the suffering and privations of their citizens. The developing world has become the consumer of information, technology, drugs and research. It has become a market for the developed world. The law of intellectual property which is meant to incentivize innovation has been turned into a system of retarding innovation by perpetrating monopolies and a protectionist business

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