While the masses have been toiling and trying their utmost to come to terms with heat, dust, humidity, unrelenting power outages, price hikes, poverty etc., the elite has been busy hurling accusations and counter allegations against each other in a theatre of the absurd. This has become almost a summer ritual which takes place every year.

August 14th and 15th are celebrated as the days of independence of Pakistan and India from direct British imperialist rule. It is celebrated with great pomp and fervour, prompted by the state and the corporate media. The official historians of the ruling classes both in India and Pakistan have their own interpretations of the struggle for independence, suiting the interests of their bosses. However, this independence came about in the midst of a traumatic partition of the Subcontinent into two truncated states, Pakistan and India, accompanied by a communal holocaust. A frenzy of madness and a ferocious campaign of murder were unleashed on a religious and ethnic basis.

The world economy is tottering. This week it has been buffeted by two extremely turbulent financial storms - Greece and, suddenly, China, the world’s second largest economy. Globally, the system is extremely unbalanced, with massive wealth accumulating in tiny handfuls whilst the billioned masses must keep borrowing from these billionaires to make ends meet. This top heavy, blind and irrational system cannot stand on its own feet and the nation states are buckling under the weight. The sudden stock market collapse in China has been so vast that even the mighty Chinese government is incapable of controlling it.

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