The money the Federal Reserve will give to corporate giants, approximately.
Subjects Archives: Political Economy
Ecosocialism or barbarism: an interview with Ian Angus
In an interview with roape.net, ecosocialist and writer Ian Angus discusses the environmental crisis, the Anthropocene and Covid-19. He argues that new viruses, bacteria and parasites spread from wildlife to humans because capital is bulldozing primary forests, replacing them with profitable monocultures. Ecosocialists must patiently explain that permanent solutions will not be possible so long […]
The Federal Reserve’s Coronavirus crisis actions, explained (Part 2)
Hear comes the corporate debt purchases.
COVID-19 and Circuits of Capital
COVID-19, the illness caused by coronavirus SARS-CoV-2, the second severe acute respiratory syndrome virus since 2002, is now officially a pandemic. As of late March, whole cities are sheltered in place and, one by one, hospitals are lighting up in medical gridlock brought about by surges in patients.
We won’t go back to normal, because normal was the problem
It is hard to remember that just a few weeks ago, the planet was in motion. There were protests in Delhi (India) and Quito (Ecuador), eruptions against the old order that ranged from anger at the economic policies of austerity and neoliberalism to frustration with the cultural policies of misogyny and racism. Ingeniously, in Santiago […]
In light of the Global pandemic, focus attention on the people
SARS-CoV-2 or COVID-19, now declared a global pandemic by the World Health Organisation, has begun to wreak havoc in large parts of the world, with other parts waiting in anticipation. We are in a real struggle, which needs total mobilisation; a struggle that needs to put life before profit.
As the World tackles the COVID-19 pandemic, the U.S. raises the pressure on Venezuela
In a press conference on March 26, it was almost comical how little evidence the U.S. Department of Justice provided when it accused Venezuela’s President Nicolás Maduro and several of the leaders of his government of narco-trafficking. The U.S. offered $15 million for the arrest of Maduro and $10 million for the others. Maduro, U.S. […]
The Federal Reserve’s Coronavirus crisis actions, explained (Part 1)
The Federal Reserve has taken an extraordinary amount of actions over the past two weeks (most of which have happened over the course of 8 days from March 15th to March 23rd) to calm financial markets and sustain the flow of credit to households and businesses to respond to the coming Coronavirus-induced depression.
Is capitalism a disease?
When health policy is looked at from the point of view of which issues involve a direct confrontation with ruling-class interest, which involve simply relative benefits to a class, and which are neutral, we can predict which kinds of measures are possible—highlighting the lie in the notion society is trying to improve health for all.
With the public distracted, Interior Department moves full speed ahead on oil and gas leases
We are currently in a state of national emergency thanks in no small part to the Trump administration’s muzzling of public health experts and slow response to the COVID-19 pandemic.
Anti-capitalist politics in the time of COVID-19
When trying to interpret, understand and analyze the daily flow of news, I tend to locate what is happening against the background of two distinctive but intersecting models of how capitalism works.
The COVID-19 debt deluge
How long the COVID-19 crisis will last, and what its immediate economic costs will be, is anyone’s guess. But even if the pandemic’s economic impact is contained, it may have already set the stage for a debt meltdown long in the making, starting in many of the Asian emerging and developing economies on the front […]
Yanis Varoufakis on the economic and political impact of the Coronavirus | DiEM25
Yanis Varoufakis, DiEM25 co-founder and MeRA25 MP, on the economic and political impact of the coronavirus.
The Cocoon Sessions Episode 2: People aren’t the problem, capitalism is
Snuggle in with us for another Cocoon Session where we give you a really cool and easy trick to hack your anxiety, talk about the way the quarantine is changing the world good and bad, and finally Caitlin has her proof that humans are not the problem after all.
Fighting COVID-19 in Cuba, China and the United States
The pandemic has effectively provided a laboratory-like demonstration that people do better when states can plan ahead, apply national resources unequivocally to the public good, put science in the service of the people, and practice international solidarity. These are characteristics of socialist societies.
UN Chief warns of coming recession for the Planet
Bumping elbows at the United Nations.
The capitalist pandemic, Coronavirus and the economic crisis
The coronavirus pandemic is a serious public health problem and the human suffering caused by the spread of this virus will be enormous. If it massively affects countries of the Global South with very fragile public health systems that have been undermined by 40 years of neo-liberal policies, the death toll will be very high. […]
Capitalism is killing us. We have to destroy it
COVID-19 has challenged humanity: on what principles do you organise your society? The pandemic could have been defeated by cooperation, planning, transparency, and social solidarity. But instead, it was born into a society based on competition, secrecy, lies, and greed.
IMF refuses aid to Venezuela in the midst of the Coronavirus crisis
On March 16, 2020, the chief of the International Monetary Fund (IMF) Kristalina Georgieva wrote a blog post on the Fund’s website; it represents the kind of generosity necessary in the midst of a global pandemic. “The IMF stands ready to mobilize its $1 trillion lending capacity to help our membership,” she wrote.
Building Capacity with Money on the Left
This month’s Money on the Left episode departs from the show’s regular interview format to reflect on the past, present and future of the Money on the Left project as a whole. We focus, in particular, on a recent special scholarly journal issue dedicated to Money on the Left, which was published by Liminalities: A […]
