Coronavirus Socialism for the Wealthy

6 April 2020 — Counter Currents

by

When capitalism screeches to a halt and starts its old business of killing off the adventurous but weakened, the enterprising but foolish, those who initially benefited, shed tears.  Losses mount, accountants tally up current and future losses.  Huge profits somehow do not matter now, as the diminishing balances bite and impress.  As this happens, the corporatocrats start to search.  Options usually end up at the same spot they always tend to in the last few centuries: the state treasury, the public purse.

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Lives or livelihoods?

6 April 2020 — Michael Roberts Blog

There are now two billion people across the world living under some form of lockdown as a result of the coronavirus pandemic. That’s a quarter of the world’s population. The world economy has seen nothing like this. Nearly all economic forecasts for global GDP in 2020 are for a contraction of 3-5%, as bad if not worse than in the Great Recession of 2008-9.

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Covid19 Death Figures “A Substantial Over-Estimate”

5 April 2020 — Off Guardian

Bizarre guidelines from health authorities around the world are potentially including thousands of deceased patients who were never even tested

Kit Knightly

A few weeks ago we reported that, according to the Italian Institute of Health (ISS), only 12% of Italy’s reported Covid19 deaths actually listed Covid19 as the cause of death.

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CoVid19 – Can Britain avert the coming catastrophe

5 April 2020 — True Publica

By TruePublica Editor: The Boris Johnson government have clearly demonstrated they are not the people to run the country in a crisis. Their refusal to partake in an EU procurement programme for desperately needed life-saving medical equipment is a last-gasp expression of their tribalism in a situation which demanded so much more. It shone a light on exactly who they are and they failed us all in our time of need. The reality was that they made the wrong decisions and then lied about it. Now the cover-ups begin.

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Western media unlocked: Hypocrisy behind COVID-19 reports

4 April 2020 — chinadaily.com.cn

Why did apparently stigmatizing names like Chinese virus or Wuhan virus keep making headlines? How have the Western media shaped the narrative of China’s response to the novel coronavirus? As the virus continues to wreck havoc, China Daily investigates how the Western version of propaganda plays out in the global battle against coronavirus.

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Why coronavirus could spark a capitalist supernova

31 March 2020 — Open Democracy

There is no magic money tree – the ‘rescue packages’ aim to rescue a rotten system, and won’t work.

“Global yields lowest in 500 years of recorded history. $10 trillion of negative rate bonds. This is a supernova that will explode one day,” tweeted Bill Gross, the ‘bond king’, in 2016.

This day has come closer. Capitalism now faces the deepest crisis in its several centuries of existence. A global slump has begun that is already devastating the lives of hundreds of millions of working people on all continents. The consequences for workers and poor people in Asia, Africa, and Latin America will be even more extreme than for those living in Europe and North America, both with respect to lives lost to coronavirus and to the existential threats to the billions of people already living in extreme poverty. Capitalism, an economic system based on selfishness, greed and dog-eat-dog competition, will more clearly than ever reveal itself to be incompatible with civilisation.

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Joint Call for International Cooperation in the Battle Against COVID-19

3 April 2020 — Internationalist 360°

The Cuban Communist Party joined the international call for cooperation in the battle against the epidemic, which has claimed the lives of more than 50,000 people around the world. The text, signed by 230 political parties from more than 100 countries, recognizes that the Covid-19 has confronted us with the most pressing and serious challenge to human health and peaceful global development.

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Work Sucks: Life After Work

3 April 2020 — The Most Revolutionary Act

Work Want Work: Labour and Desire at the End of Capitalism

By Mareile Pfannebecker and J.A. Smith

Zed Books (2020)

Book Review

In this book, authors Pfannebecker and Smith summarize the current anti-work movement and literature. In view of rapid displacement of blue and white collar workers by robots and computers, coupled with the offshoring of most manufacturing jobs, there are growing calls for an end to waged work altogether.

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