Tag Archives | the Great Lockdown

Either socialism will defeat the louse or the louse will defeat socialism

Originally published: Tricontinental: Institute for Social Research on April 23, 2020 (more by Tricontinental: Institute for Social Research) |

The International Monetary Fund (IMF) says that the Great Lockdown, which has no end date, could very well lead to a loss of $9 trillion to global Gross Domestic Product over the entirety of 2020 and 2021; this number is greater than the combined economies of Japan and Germany. This scenario, the Fund’s managing director Kristalina Georgieva admits, ‘may actually be a more optimistic picture than reality produces’.