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Why coronavirus could spark a capitalist supernova
There is no magic money tree – the ‘rescue packages’ aim to rescue a rotten system, and won’t work.
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Trump sends gun boats to Venezuela while the World partners to fight a deadly pandemic
On April’s Fools Day, U.S. President Donald Trump gave a press conference where he announced a new “counter-narcotics effort” by U.S. Southern Command. “We’re deploying additional Navy destroyers, combat ships, aircrafts and helicopters, Coast Guard cutters…doubling our capabilities in the region,” he said
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Western media unlocked: Hypocrisy behind COVID-19 reports
Why did apparently stigmatizing names like Chinese virus or Wuhan virus keep making headlines? How have the Western media shaped the narrative of China’s response to the novel coronavirus? As the virus continues to wreck havoc, China Daily investigates how the Western version of propaganda plays out in the global battle against coronavirus.
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Austria’s ‘Unsozial’ Capitalists in a Time of Crisis
In a move seemingly reserved only for cartoonish villains, one of Austria’s best-known millionaires, Attila Doğudan, CEO of DO &CO—one of the largest culinary companies in Austria, and who employs over 11,000 people worldwide—has used the COVID-19 crisis to orchestrate a widespread layoff campaign against all restaurant employees within Austria.
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A dialectical delight
A review of Donny Gluckstein and Terry Sullivan, Hegel and Revolution (Bookmarks, 2020), £7.
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These migrant workers did not suddenly fall from the sky
Madness engulfs the planet. Hundreds of millions of people are in lockdown in their homes, millions of people who work in essential jobs–or who cannot afford to stay home without state assistance–continue to go to work, thousands of people lie in intensive-care beds taken care of by tens of thousands of medical professionals and caregivers who face shortages of equipment and time.
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Chart of the day
Although claims are at record highs, many Americans across the United States have been unable to successfully apply for unemployment insurance because an unprecedented level of claims is overwhelming state labor department websites and jamming up phone lines.
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Brazil Supreme Court asks to suspend Bolsonaro for 180 days
Marco Aurélio Mello, a Minister of Brazil’s Supreme Court, sent the Attorney General’s Office a request to suspend President Jair Bolsonaro from his post for 180 days for committing various actions that have put the country at risk in the face of the covid-19 health emergency, according to a Telesur report.
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China and Cuba’s medical internationalism is a shining example of global solidarity
China sends medical equipment abroad, Cuba sends doctors and cutting-edge drugs, but the U.S. fails to provide its people, doctors and nurses with basic tools and protection.
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A Russian firewall for Venezuela against U.S. sanctions
The optics of the Russian oil leviathan Rosneft’s decision to sell its subsidiary Rosneft Trading SA and sell all its assets in Venezuela after the US Treasury sanctioned its trading arm two weeks ago as part of Washington’s regime change project to oust president Nicolás Maduro, may not look good to the uninformed outside observer.
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The Coronavirus depression requires a new approach to budgeting
Congress recently passed a 1.5-1.7 Trillion dollar stimulus bill (as I wrote about last week, the reported headline number is including a useless accounting gimmick which provides no additional support to the U.S. economy). Part of the reason we can report such an exact number is congress budgets in exacts.Take a look at these two sections of the CARES Act, picked at random.
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What is the ‘metabolic rift’?
The MARX MEMORIAL LIBRARY takes a look at how Marxists can explore the relation between capitalism, socialism and the environment.
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Catastrophe capitalism: climate change, COVID-19, and economic crisis
Obviously, the situation associated with the sudden appearance of the SARS-CoV-2 virus and the COVID-19 pandemic is grim all over the world. Both the causes and the consequences are closely related to capitalist social relations.
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Corona and what then?
Berlin, like many of your hometowns, is a ghost city. Except for those offering groceries, medicines or medical care, everything is shut tight. Luckily, no-one here has to stay inside, we can stroll around outside but, aside from families, we may not “assemble” in groups of more than two (if any cops are around).
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Video of flour truck being looted goes viral; ‘no wrong was done,’ says truck owner
‘I believe that they have done no wrong because there is widespread hunger [amidst the lockdown] and people are helpless.’
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Nicaragua and the COVID-19 pandemic
While each country’s experience facing the COVID-19 pandemic is different, some common fundamental factors can make the difference between widespread catastrophe and relative stability. Nicaragua has so far been among the most successful countries in Latin America in protecting its population from the virus while also maintaining normal economic life. As of March 28th, Nicaragua has three confirmed cases with one fatality. Another 14 people who may have the virus are under observation but have so far tested negative.
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COVID-19 proves workers, not bosses, are essential
The Marxist argument that it’s the labour of workers, and not the supposed intelligence and entrepreneurial spirit of bosses, that keeps society running, has long been ridiculed by defenders of capitalism. In the conditions created by the COVID-19 pandemic, however, the truth of Marx’s claim has been brought into sharp relief.
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Trump’s narcoterrorism indictment of Maduro already backfires
Among those indicted by the U.S. was Cliver Alcalá, a retired general who is considered the military leader of the pro-Juan Guaidó forces. Soon, Alcalá posted videos that threaten to cause further splits in the opposition and could result in the arrest of Guaidó.
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Growing xenophobia against China in the midst of CoronaShock
Violent attacks against Asians in the United States has spiked as a consequence of the stigma driven by the Trump administration.
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The Federal Reserve’s Coronavirus crisis actions, explained (Part 3)
The International Aspects