Economics
EU’s von der Leyen calls for ‘Marshall Plan’ for Europe
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 Leyen has called on EU nations to invest billions in… »
Capitalism Has Failed in Fighting Coronavirus
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 major corporations and especially big banks “to get them through… »
After the pandemic: the “what”, the “how” and the “who”
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 decline, but simultaneously contagion may advance in other nations. We… »
‘Never Seen Anything Like It’: Economists Warn 6.6 Million New Jobless Claims Portend Unparalleled Crisis
“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 and record-breaking surge in unemployment that comes as the coronavirus… »
When Economists Try to Solve Health Crises, the Results Can Often Be Disastrous
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 sort of control (using a social metric tool, Worldometer). The… »
DiEM25 presents 3-point plan for dealing with COVID-19 depression
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 the brink The COVID-19 pandemic is the greatest test… »
Why is the U.S. So Exceptionally Vulnerable to Covid-19?
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 the very beginning of this… »
Bernie Sanders Fights for Laid-off Worker Protections in $2 Trillion Stimulus with Corporate Bailout
The Senate unanimously approved a historic $2.2 trillion emergency relief package late Wednesday night to battle the unprecedented economic shock of the coronavirus pandemic. The House will consider the bill Friday before it goes to President Trump’s desk to be signed into law. The bill would massively expand unemployment benefits,… »
Concerted Crisis Efforts: Hands of The Workers
The evident message of COVID-19 to many who have recognized it before, remains how connected we all are. As the world watches and absorbs mixed messages, reality for society’s fabric – the people – becomes one of questions and a search for answers, leadership. When the only sounds heard are… »
‘World Leaders Seem in Denial’: Demands for Radical Global Action on Coronavirus as Virtual G20 Summit Ends With Vague Promises
“Only the most radical reset, akin to a post-world war overhaul of the international economy, will allow us to rebuild the international economy in a way which means we can tackle future pandemics.” By Jake Johnson, staff writer – Common Dreams Leaders of the world’s largest economies expressed confidence after… »
Film: The Beginning of the End of Nuclear Weapons
Documentary: UBI, our right to live
In Mobilization For Assange!
Milagro Sala
International Campaign to Abolish Nuclear Weapons
