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 […]
Tag Archives | COVID-19
Yanis Varoufakis, DiEM25 co-founder and MeRA25 MP, on the economic and political impact of the coronavirus.
When things get dire enough, the working class fights back. In dealing with the outbreak of the coronavirus, people across the United States have organized at their workplaces, and also won major reforms in the housing sector.
The frenzied, shrieking hysteria I’m witnessing right now among Trump’s base regarding China looks and moves in the exact same way the mental zombification of Russia hysteria looked and moved when it began tearing through rank-and-file Democrats in late 2016 and early 2017. The seething, screaming vitriol I get from the MAGA crowd on social […]
Being an ER Nurse, a lot of people have asked me what I think about COVID-19. I almost inevitably tell them- first and foremost- that I really can’t overstate how much of a problem it is that we don’t have enough personal protective equipment (PPE).
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.
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. […]
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.
SARS-Co-2 or COVID-19 moves swiftly across the planet, leaving no region untouched. It is a powerful virus, with a long enough incubation period to hide the symptoms and therefore to gather more and more people in its deadly arms.
We are in the early stages of a medical Katrina. Despite years of warnings about avian flu and other pandemics, inventories of basic emergency equipment such as respirators aren’t sufficient to deal with the expected flood of critical cases.
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.
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 […]
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.
As the COVID-19 coronavirus crisis comes to dominate headlines, little media attention has been given to the federal government’s decision to classify top-level meetings on domestic coronavirus response and lean heavily “behind the scenes” on U.S. intelligence and the Pentagon in planning for an allegedly imminent explosion of cases.
What are the underlying structural reasons for the coronavirus outbreak? According to Monthly Review Press author Rob Wallace, you have to look at global agriculture if you really want to understand the nature of global outbreaks.
In the midst of a pandemic, one would expect all countries to collaborate; that a humanitarian crisis of this magnitude would provide ample opportunity to end (or suspend) inhumane economic sanctions. Is this not the time for the imperialist bloc, led by the U.S., to end the sanctions against Cuba, Iran, Venezuela, and a series […]
While the world is consumed with the terrifying coronavirus pandemic, on March 19 the Trump administration will be marking the 17th anniversary of the U.S. invasion of Iraq by ramping up the conflict there.
Decades of neoliberal austerity will make it harder to fight the COVID-19 pandemic. Now, more than ever, we must rebuild our social safety net and forge a New Deal for public health.
There are so many wheels coming off that analysts and the business press is on coronavirus crisis overload. And unlike 2008, the Fed can’t save anyone from the Grim Reaper.
It will be hard to decide the most Trumpian moment in his dealing with the coronavirus pandemic, but my nomination is Trump’s meeting with executives from several pharmaceutical companies, where he discussed developing a vaccine. According to Trump, he asked them to “speed it up,” and they said that they would.