While it has already led to more than one million deaths, the consequences of Covid-19 go beyond just public health with 2020 experiencing the sharpest economic downturn in history. Of course much of that was intentional, with demobilisation seen as necessary to control the virus, but what are the longer term economic impacts? Will some of the old economy never return, do higher levels of public debt really matter and will Covid-19 accelerate the ascent of the rest over the West. To discuss all of that Aaron Bastani is joined by Grace Blakeley, author of 'Stolen' and the forthcoming 'Corona Crash' with Verso Books.
Trump's tariffs: A unique opportunity for BRICS and the Global South to fully escape from dollar tyranny
globinfo freexchange Does Trump know what he is doing? Well, yes and no. While many interpretate his latest move, mostly as an attempt to halt China, his main goal is to give the final blow to the neoliberal order on behalf of his oligarchs . From this perspective, Trump's unprecedented decision to decide mass tariffs against almost everyone, was an act of strategic hit against the global free market neoliberalism, with the financial capital at its top. And that's because this dominant-for-almost-half-century system, identifies restrictions and protectionism as major threats against its own existence. In other words, Trump acted as a commander of the capitalist faction that wants to beat its neoliberal rivals and put itself in charge, through a new transformation of capitalism into a 21st century corporate feudalism. Concerning China, Trump's move may have some negative impact on its economy for a while, since China has chosen to partially play by the rule...
Comments
Post a Comment