Masthead graphic based on a painting by Gudrun Thriemer.

Sunday, February 15, 2009

Paul Rogers, "A world in revolt," openDemocracy, February 13, 2009.

India's Subhiksha chain of discount stores has been one of the most spectacular successes of the country's retail sector, expanding tenfold to over 1,650 stores in just two years. More recently it has run into major financial difficulties and faced trouble raising new bank loans. The consequences include a failure to pay the security companies that provided guards for Subhiksha's stores and warehouses.

By the end of the first week of February 2009, many of the companies had withdrawn their security personnel. During the weekend of 7-8 February, many of the unguarded stores were looted; more than a third of the total run by the group (around 600) had been affected (see James Fontanella-Khan, "Retailers feel credit squeeze in India", Financial Times, 9 February 2009).

  one result of globalisation is the much wider understanding of the transnational nature of marginalisation and exclusion.

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