Oil-producing nations led by Russia, the U.S. and Saudi Arabia reached an unprecedented agreement on Sunday to cut oil production by 9.7 million barrels per day, or nearly 10 percent of what is currently produced, as The New York Times reported.
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A Monthly Review project providing daily news and analysis of capitalism, imperialism and inequality rooted in Marxian political economy
Oil-producing nations led by Russia, the U.S. and Saudi Arabia reached an unprecedented agreement on Sunday to cut oil production by 9.7 million barrels per day, or nearly 10 percent of what is currently produced, as The New York Times reported.
As Donald Trump and his band of “hacks and grifters” are preparing to prematurely reopen the U.S. economy, they’re also rehearsing the language they’ll use to justify their irresponsible decisions. Here’s how Peter Navarro, the White House trade adviser, is discussing the terms of the reopening: The unfair China trade shock that hit so many […]
THE current pandemic has brought to the fore, and with exceptional clarity, the fundamental contradiction underlying contemporary globalisation, namely, the contradiction between the interests of finance and those of the people. Indeed this contradiction, which characterizes the era of globalisation as a whole, has now come to a head.
As state and local authorities struggle and the federal government focus on saving Wall Street, a volunteer-driven mutual aid revolution is taking hold in disenfranchised communities across America.
If the coronavirus lockdown leads to a fall in GDP of more than 6.4% more years of life will be lost due to recession than will be gained through beating the virus.
“This pandemic can, and should, be a moment when the left puts forward a concrete agenda for how to support life over profit in a way that will help us move beyond capitalism.”
Newly released data from the Boston Public Health Commission (BPHC) show that COVID-19 is present at higher rates in certain Boston communities, including Hyde Park, Mattapan, Dorchester, and East Boston.
COVID-19 is having a disproportionate effect among vulnerable populations. When the dust settles, as in all U.S. disasters, there will be a tale to tell of who mattered and who was sacrificed.
Despite a deep economic recession, a profound political crisis and international sanctions that have ravaged its health sector, the South American nation of Venezuela is demonstrating that prioritising lives is possible in the battle against COVID-19.
The President of Venezuela, Nicolás Maduro Moros , reported this Sunday that 6 new positive cases for Covid -19 were recorded in the country, for a total of 181 infected patients and zero [new] fatalities.
Covid-19 has laid bare a fundamental truth: that capitalist healthcare is a contradiction in terms, since capital–like the killer virus–cares for nothing but reproducing itself.
In only three days, the total fatalities in Sweden due to the current epidemic rose from 477 to 881. While the problem started roughly about the same time in all the Scandinavian countries, Sweden’s stats are among the worst.
In the U.S., Covid-19 unfolds with temporal and spatial unevenness. The health system barely has the necessary resources to handle normal operations, let alone a pandemic.
While, by April 9, Brazil to its east had registered more than 16,000 cases and 822 deaths and Colombia to its west, had seen its tally climb above 2000 cases and 54 deaths, Venezuela had only recorded 167 cases and 9 deaths.
The lockdown in South Africa has been extended till the end of April. However, the government’s execution of the lockdown, along with decades of under-investment in health, has left the country unprepared.
Muni Purchases Are Finally Here
Tupac Shakur passionately explains his views on generosity and responsibility, traits he feels some people with extreme wealth like Donald Trump lack, in this MTV News clip from 1992.
This validates everything the Tribe has been saying all along about the risk of oil spills to the people of Standing Rock. We will continue to see this through until DAPL has finally been shut down. – Jan Hasselman Attorney, Earthjustice
Dr. Jo Anne Welsch, currently working on vaccine development for low and middle income countries at a global health organization, discusses how vaccines are developed and tested, and the implications of the process for the coronavirus.
On this episode of Going Underground, we speak to legendary journalist and film-maker John Pilger about the Coronavirus (COVID-19) pandemic.