Economics

How did the United States — the richest country in the world — become the worldwide epicenter of the coronavirus outbreak, with one person dying of COVID-19 every 47 seconds? We spend the hour with Noam Chomsky, the world-renowned political dissident,…

Finance ministers of eurozone countries reached an “excellent accord” on fighting the pandemic-triggered recession. Europe has proven itself to be “a match” for the crisis, said French representative Bruno La Maire. After hours of talks on Thursday, representatives of 19…

Mythological stories are rich with narratives referring to the grave sins of man, heaping down the wrath of the gods upon them in the form of floods, plague, fire and famine. Sometimes these crimes were perpetrated against the natural order…

The head of the European Commission, Ursula von der Leyen, has urged huge investments in the EU budget amid the coronavirus crisis. Spain’s premier, too, wants a “wartime economy” followed by a recovery program. European Commission President Ursula von der…

By Richard D. Wolff The desperate policies of panic-driven governments involve throwing huge amounts of money at the economies collapsed in response to the coronavirus threat. Monetary authorities create money and lend it at extremely low interest rates to the…

There is much debate about what the world will be like after the pandemic, and we really don’t even know when that will be. It may be that in some countries contagion will peak in a few weeks and then…

“A portrait of disaster. Unemployment insurance claims for the last two weeks are mind-blowing.” By Jake Johnson, staff writer –  Common Dreams The U.S. Department of Labor announced Thursday that 6.6 million Americans filed jobless claims last week, a staggering…

Classical economics helped kill millions in the British Empire’s famines—following economic orthodoxy today could be just as deadly. By Justin Podur I’m writing this at 585,000 worldwide active cases, 26,000 deaths, and with only China and Korea seemingly under some…

DiEM25’s 3-Point Plan for the COVID-19 Pandemic Step 1: Issue €1 trillion in ECB-Eurobonds Step 2: Inject a €2000 European Solidarity Cash Payment Step 3: Introduce a European Green Recovery & Investment Program Introduction: Lives, Livelihoods and the Union on…

By Nicolas J S Davies The United States has become the new center of the global coronavirus pandemic, with over 86,000 cases, more than China or Italy. More than a thousand Americans have already died, but this is surely only…