Two mainstream reports issued in October, the USB Billionaire’s Report and the World Bank Poverty Report, together showed that under the Covid-19 pandemic the rich getting richer and poor getting poorer have reached gargantuan levels. Together they are, as Eric Fretz notes here, an unwitting indictment of capitalism.
Joseph Choonara and Brett Wallace discuss how the current crises within capitalism are impacting the working class. Wallace introduces the discussion by untangling current unemployment figures, while Choonara examines the Covid-19 pandemic, economic recession, as well as prospects for the economy and workers fightback. Recorded October 31st, 2020. Joseph Choonara is the editor of International… Continue reading Capitalism in Crisis: the impact on jobs and working lives
Marie Edwards unpacks the U.S. government's economic policy response to the coronavirus crisis, explaining how each stimulus package has benefited the wealthiest few in society while the rest of us brace for a new Great Depression. The Impending Disaster of a Pandemic The newest virus in the coronavirus family was unleashed on the world in… Continue reading A Bonanza for the Rich: Crumbs for the Rest of Us
Thomas Hummel takes a look at the deepening economic toll of COVID-19, the disastrous response of the ruling class, and the inspiring working class resistance spreading around the world. President Trump is the decay of capitalist society in human form. Grotesque, alienated to the point where his humanity is all but unrecognizable, the president represents… Continue reading No, we will not die for their profits