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Editors Pick

On this May Day 2026, the traditional celebration of labor confronts a chilling economic reality: the “Capitalist Loop” is expiring. With global populations peaking and Goldman Sachs predicting 300 million jobs exposed to AI, the world is entering an era of “Degrowth.” As humanoid robots reach a price point of $20,000, undercutting human labor by 90%, a central paradox emerges: if machines do the work and owners take the profit, who earns the income to buy the output? From Japan’s “profit concentration” model to the rise of the State as Buyer of Last Resort, we explore the five remaining sources of global demand and the uncomfortable necessity of rewriting the rules on taxes, ownership, and UBI.

Gujarat’s local body election results have delivered a strong political message, with the BJP sweeping urban corporations, dominating municipalities and panchayats, and tightening its grip across the state, while Congress has suffered a sharp collapse and AAP managed only scattered, symbolic gains. The outcome is being seen as the first major political signal ahead of the 2027 Assembly elections.

Gujarat’s local body verdict

Facing flak over its order to mobile companies to preload the Sanchar Saathi app, the government on Tuesday sought to downplay the controversy as the Union Communications Minister Jyotiraditya Scindia said mobile users who do not want to use the app can delete it from their phones. Notwithstanding the minister’s assertion, tech experts raise doubt about whether the app, which critics fear could be used for “snooping”, can be uninstalled or deleted.

“Parliament is not a place for drama; it is a place for delivery,” Prime Minister Narendra Modi said on Monday in his customary remarks ahead of the Winter Session of Parliament. “For some time now, our Parliament is being used either as a warm-up arena for elections or as an outlet for frustration after defeat,” Mr. Modi went on to allege, referring to the Opposition.