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Restructure Capitalism or Fascism Will Grow
Prabhat Patnaik reflects on the COVID-19 shock that has worsened the crisis triggered by globalized finance. Only two possibilities emerge: restructure capitalism by controlling finance, or let the tendencies towards very coercive forms of fascism grow.
Modest Inflation is Good for Workers – Bob Pollin
Will a large infrastructure plan create inflation? If inflation is linked to higher wages, that’s not bad for workers, says Pollin. Large increases in inflation have been linked to higher oil prices which are unlikely. What’s missing from the Biden plan is it doesn’t sufficiently address a just transition for fossil fuel workers. Bob Pollin joins theAnalysis.news with Paul Jay.
FED’s $10 Trillion Defends Assets of the Rich – Michael Hudson
The Federal Reserve is directly buying stocks, bonds, junk bonds, mortgages, junk mortgages, all to prop up the value of assets owned by the top 5%. This does not spur much new production or create jobs. Michael Hudson joins Paul Jay on theAnalysis.news podcast
Pentagon’s Outrageous Anti-China Operation Threatened Lives in the Philippines – Col. Larry Wilkerson
A recent Reuters investigation uncovered a scandalous Pentagon operation that sought to discredit the Chinese Sinovac vaccine and sow distrust among the population in the Philippines towards China. Col. Larry Wilkerson discusses previous unlawful Strategic Information Operations (SIOs) launched by the Pentagon and the particular depravity of this operation initiated in Spring 2020 under President Trump’s administration, at a time when countries such as the Philippines did not possess their own vaccine manufacturing capacity and were accepting a free supply of vaccines from China.
The Mixed Record of Mexico’s AMLO, Two Years In
Laura Carlsen talks to guest host Greg Wilpert about Andrés Manuel Lopez Obrador’s first two years in office, including his mixed record on the pandemic, corruption, social justice, and immigration.
Healthy people, a healthy planet and a healthy economy
Richard Kozul-Wright explains why these challenges need to be addressed at once in a transformative agenda. The COVID-19 crisis shows that funding can be made available; the problem is the lack of political will to confront the Wall Street consensus.