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.
Tag - covid-19
President Bolsonaro has taken a Trump like stance minimizing the pandemic and his polling numbers are down. The opposition is too fragmented says Lorena Barberia on theAnalysis.news podcast with Paul Jay. Produced in cooperation with Other News, Voices Against the Tide
Trade unions have the potential to play a pivotal role in developing a more significant mass movement - but will they? Clare Hammonds and Cedric Johnson join Paul Jay on theAnalysis.news podcast
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
Giordano Nanni joins Paul Jay on theAnalysis podcast to discuss his biting satire and the state of the world. This one is worth watching rather than just listening as we've cut several clips from Juice Media into the video.
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.
According to Prof Jayati Ghosh, this is the greatest crisis experienced by the capitalist system; she lays out the direction of policy responses commensurate to what is needed.
Every revolution seemed impossible until a break in the fabric of the status quo made them possible. Are we heading towards such a moment? Essay by Paul Jay
The coronovirus pandemic exposes the consequences of taking the neoliberal road decades ago, explains Prof Radhika Desai. She discusses the failures of the Western capitalist system and the need to reorient our societies and economies.