Essential Workers & Billionaires: A Tale of Two Pandemics
We are all weathering the same storm, but we are not all in the same boat.
The Murderous Pseudoscience of “Herd Immunity”
Containing the pandemic requires an investment in social infrastructure that the capitalist class is not willing to make. And so its idealogues are arguing in favour of letting the disease spread …
France and COVID-19: Incompetence and Conceit
The very large number of coronavirus cases and deaths in France is due to gross negligence on the part of President Macron and the French authorities to the threat posed by the virus.
Could COVID-19 Bring Down the U.S. Empire?
The authors compare the responses to COVID-19 across the world and how the pandemic impacts US hegemony.
Covid-19 on a Debt Assault
Across the world, from Pope Francis to the G-20, calls are being made for cancellation of the external debts of the developing countries. Eric Toussaint’s views on these calls.
ILO Warns 1.6 Bn Workers Risk Having Their ‘Livelihoods Destroyed’ by Pandemic
Hundreds of millions of the world’s most vulnerable workers will be hit by the aftermath of the coronavirus lockdown, says the UN labour agency.
Finance Ministry Slams IRS Officers’ Proposal on Levying a COVID-19 Wealth Tax
The policy paper had also suggested raising income tax rates for those who earn over Rs 1 crore a year to raise resources needed to battle the economic damage done by a national lockdown.
COVID-19 Proves Workers, Not Bosses, are Essential
In the conditions created by the COVID-19 pandemic, the truth of Marx’s claim, that it’s the labour of workers, and not the supposed intelligence and entrepreneurial spirit of bosses, that keeps society running, has been brought into sharp relief.
Why Coronavirus Could Spark a Capitalist Supernova
Capitalism now faces the deepest crisis in its several centuries of existence. Why is supernova–the explosion and death of a star–an apt metaphor for what could now be about to unfold?
When Economists Try to Solve Health Crises, the Results Can Often Be Disastrous
Justin Podur I’m writing this at 585,000 worldwide active cases, 26,000 deaths, and with only China and Korea seemingly under some sort of control (using a social metric tool, Worldometer). The stimulus package announced by the U.S. government is at $2 trillion, but without job protections, rent freezes, or meaningful income support for most…