Latest Economy

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  Chomsky: Ventilator Shortage Exposes the Cruelty of Neoliberal Capitalism

  The Obama administration foresaw the problem, and contracted with a small firm that specialized in producing inexpensive, high-quality ventilators. But then capitalist logic intervened
• Faber: Spain Nationalized Private Clinics To Fight COVID-19

  Spain faced the second worst infection rate in Europe, and took control of the country's private health care companies to improve its response. What does this mean for Spain's public health care system going forward?
• Johnson: US Unemployment Rate Could Soon Reach 32%

  During Great Depression It Peaked at 25%
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  Rasmus: On Market Solutions to the Covid-19 Crisis

  A few notable cases of how the market has failed us
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  Yong: How the Pandemic Will End

  The U.S. may end up with the worst COVID-19 outbreak in the industrialized world. This is how it’s going to play out
• Taylor: Reality Has Endorsed Bernie Sanders

  The case has never been clearer for a transition to Medicare for All, but its achievement clashes with the Democratic Party’s decades-long hostility to funding the social-welfare state
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  Cohen: To Develop Vaccine, Pharma and Government Will Have to Break Old Patterns

  One of the major lessons of the H1N1 shortage is to under-promise and over-deliver
• Lerner: Big Pharma Prepares to Profit From the Coronavirus

  During the current crisis, pharmaceutical makers may have even more leeway than usual because of language industry lobbyists inserted into an $8.3 billion coronavirus spending package, passed last week, to maximize their profits from the pandemic
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  Hynes: Winners: Wars, Walls and Wealthy; Losers: Diplomacy, Public Health, Environment

  Why do we fail in protecting our own people’s health and well-being while we squander more than a trillion dollars each year – with the assent of both Republicans and Democrats – on maintaining a failed and futile military empire across the world?
• Peggs: The politics of Covid-19: Time to requisition empty homes

  The government’s actions to try and house rough sleepers are inadequate. The acquisition of empty homes for the homeless is a viable short and long-term solution
• MacLeod: One Quarter of the World’s Population is Under US Sanctions

  Eight countries, representing around one-quarter of all humanity, say that Washington’s actions are undermining their response to the COVID–19 pandemic sweeping the planet.
• Escudero: “Housing Is Health”

  Calls Grow for California to Give Vacant Homes to Unhoused People Amid Pandemic
• Marx: To Fix the Looming Supply Chain Crisis, Nationalize Amazon

  Dealing with the coronavirus pandemic demands a novel solution: placing the e-commerce giant under public control
• Astore: Having It Easy in the Beginning, Tough in the End

  How My Dad Predicted the Decline of America
• Wu Yixiu: China must stimulate the economy sustainably after coronavirus

  Government spending should incentivize consumption of public goods and services, not big infrastructure and heavy industry
• Feldman: The Corona Virus and the Limits of the Market

  Convert Defense and Other Industries to Fight New Security Threats
• Kelton: The “How Will You Pay For It?” Question Is Tossed in the Trash

  Because the coronavirus is a threat to all of us — not just the poor — we are choosing to act in ways we always could have acted
• Capaccio: The Virus of Sanctions: Flattening the Curve

  If ever there were an opportunity for people to recognize each other's humanity and cast aside their mutual fears and antagonisms, now is that opportunity when everyone is facing the same life-threatening disease
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  Singh: G20 Leaders’ Commitments Fall Far Short of Expectations

  The first-ever extraordinary virtual G20 Leaders’ Summit took place on March 26, 2020 to develop collective global solutions in the fight against the coronavirus (COVID-19) pandemic
• Schneider: Now We Have Your Attention

  Review of Jack Shenker's latest book, Now We Have Your Attention: The New Politics of the People