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?
The social breakdown, symbolized by Trump's election and the malign effects of austerity policies serve to destroy faith in neoliberal capitalism. When that faith started to fray, new forms of outsider populist politics emerged left and right.
We need to begin to investigate how to convert both the military and health industrial complexes to the urgent needs required by the Coronavirus crisis.
When the Covid-19 scare has passed, we will have a different government, a different economy and a different financial system. We need to make sure that what we get is an upgrade that works for everyone.
With inequality on the rise, global debt higher than ever and international tensions intensifying, the political backlash to the crash of 2008 has only just begun.
The Communist Manifesto not only foresaw today’s predatory and polarized global capitalism but shows that we have the power to create a better world, says the radical former Greek Finance Minister in his introduction to a reissue of the Manifesto.
The danger derives from the reactions of the ruling classes and their states to the crisis of 2008. The paths they chose to follow to save and even further their own wealth in the aftermath of the 2008 crisis have paved the way for a future crash that could dwarf the one of a decade ago.
The worst-performing eurozone countries are mired in depression or deep recession; their condition is worse in many ways than what economies suffered during the Great Depression of the 1930s. The best-performing eurozone members look good, but only in comparison.This system cannot and will not work in the long run: democratic politics ensures its failure. Only by changing the eurozone’s rules and institutions can the euro be made to work.
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