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Capitalism isn't working

Unemployment pandemic

Capitalist crises are neither predictable nor do they stem from a single cause. Instead, at least as I see it, the possibility of a crisis is always there but the causes and triggers are all historical and therefore multiple and varied.

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BAKU, AZERBAIJAN - OCTOBER 26: (FILE PHOTO) Ageing infrastructure, leaking crude oil and debris from decades of extraction, litter an oil field, October 26, 2006 in Baku, Azerbaijan. Oil-rich Azerbaijan gained independence from the Soviet Union in 1991, and its wealth of oil has been responsible for both its development and success, as well as its status as one of the most polluted environments in the world. Azerbaijan have joined the Ukraine in the construction of the Odessa - Brody pipeline, to provide Europe with 6-7 million tones of oil each year and will reduce dependence on giant Russian energy firm, Gazprom. (Photo by Wojtek Laski/Getty Images)

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 […]

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White House Removes Public Health Experts from Coronavirus Discussions

White House removes public health experts from Coronavirus discussions

The White House held dozens of meetings about coronavirus response that excluded government experts because the discussions were unnecessarily classified over the objections of HHS Secretary Alex Azar, reports Reuters. Experts were not just barred from speaking openly about what we knew about the emerging pandemic. Apparently, they weren’t even allowed in the room.

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