According to a March 20 – 26 online survey of over 250 companies of varying sizes and business sectors, outplacement firm Challenger, Gray & Christmas reported that nearly half the number surveyed are likely to lay off workers over the next three months. Over one-third (37%) of companies instituted a hiring freeze. The St. Louis Fed projects unemployment potentially reaching 32% of the US workforce, a loss of 47 million jobs if things get this bad.
The day after I publish my article accusing the corporate media of being an active part of the conspiracy against Alex Salmond, and of giving disgracefully selective, slanted and biased coverage of the evidence of his trial, the Daily Record has decided to investigate my home and personal finances. Is not life full of little coincidences?
In the face of the coronavirus pandemic, the most immediate objective is to slow its spread, minimise the death toll and help people through the crisis. But, despite government promises to support citizens who are now losing their jobs and income, the underlying establishment concern will be as it always has been: to preserve the global inequitable system of wealth and power.
For nearly four decades the United States and its Western allies have proclaimed to the world that “there is no alternative” to neoliberalism, maligning the state and public sector as inefficient and unproductive. If the 2008 financial crisis loosened this myth’s stranglehold on notions of what is possible, the current coronavirus pandemic has shattered it.
While the public’s eyes are riveted on the progression of coronavirus numbers, a profound reorganization of the executive is taking place, giving primacy to senior health officials over policy. In the shadows, bankers and soldiers are agitating in the hope of confiscating power for their own benefit.