Economics

08.04.2020

COVID-19: The Wrath of the gods?

COVID-19: The Wrath of the gods?

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 of the world and other times against the divine authority… »

05.04.2020

EU’s von der Leyen calls for ‘Marshall Plan’ for Europe

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… »

04.04.2020

Capitalism Has Failed in Fighting Coronavirus

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… »

03.04.2020

After the pandemic: the “what”, the “how” and the “who”

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… »

02.04.2020

‘Never Seen Anything Like It’: Economists Warn 6.6 Million New Jobless Claims Portend Unparalleled Crisis

‘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… »

31.03.2020

When Economists Try to Solve Health Crises, the Results Can Often Be Disastrous

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… »

29.03.2020

DiEM25 presents 3-point plan for dealing with COVID-19 depression

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… »

28.03.2020

Why is the U.S. So Exceptionally Vulnerable to Covid-19?

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… »

27.03.2020

Bernie Sanders Fights for Laid-off Worker Protections in $2 Trillion Stimulus with Corporate Bailout

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,… »

27.03.2020

Concerted Crisis Efforts: Hands of The Workers

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… »

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