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Subjects Archives: Marxism

People waiting for ration packets in New Delhi during India's national lockdown (Sanchit Khanna/Hindustan Times via Getty Images)

The pandemic and the global economy

Developing countries face collapsing international trade, falling remittances, sharp reversals of capital flows, and currency depreciation. Only bold policies—debt relief, international financing, planning, and more—will avert further catastrophe.

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The Social Democratic pipedream

Today in the United States, there has been an upsurge in social democracy/democratic socialism (I use these terms interchangeably; I don’t see much difference between them, at least in the U.S.) The main current of social democracy is the Democratic Socialists of America (DSA), whose overall political perspective can be described as follows.

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Stay home

I mind dying

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.

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