Category: Economics
Despite the data on jobs, small business, and GDP much of the liberal economist establishment appear to be falling for the Trump administration official line and spin that there’ll soon be a V-shape recovery
Might the interactions now among capitalism, coronavirus, and a new worker-coop-based socialism prove similar to those among feudalism, the Black Death and capitalism so long ago?
Adam Hanieh: When Oil Markets Go ViralThe Covid-19 crisis has lead to a huge drop in the demand for, and price of, oil globally
Neoliberal indoctrination has pampered big business and Wall Street into believing that corporate socialism will always be theirs for the asking
Richard Foltz: The Fundamentalist Religion of the Market and COVID-19The dominant faith system practiced across the globe today is in fact that of so-called “free-market” capitalism, a self-serving ideology forcibly imposed by a worldwide plutocracy of psychopathic bullies
A few notable cases of how the market has failed us
They fear economic collapse and their loss of incomes more than the virus and its destruction of American lives
It is important to understand how the now three great economic crises of the last century are in many ways similar
A deeper fear lurks in business circles. Has globalization plateaued? Might the further spread of the virus “put globalization into reverse?”
Antonio Martins: Capitalism in ChaosThe “Davos Class” will respond with more inequality and less democracy. But a path has opened for the opposite way out – provided the Left is willing to reinvent itself