By Chuck Collins, Omar Ocampo and Sophia Paslaskiis | – Billionaire Wealth and the Pandemic ( Inequality.org) – In its 34th annual list of global billionaires, published on April 7, 2020, Forbes reports a modest decline in the total number of billionaires from 2,153 in 2019 to 2,095in 2020. “The world’s richest are not immune […]
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Neoliberalism
Trump, Inc.: How Jared Kushner is Tackling White House Coronavirus Response — Without Any Evident Experience
by Andrea Bernstein, WNYC | – This story was co-published with WNYC. (ProPublica) – On April 2, Jared Kushner uncharacteristically took to the podium to speak at the White House’s daily coronavirus briefing. He’d been given the task, he said, of assisting Vice President Mike Pence’s Coronavirus Task Force with supply chain issues. “The president,” […]
The Scum of all Fears: America declines the Trump Administration’s Invitation to Die
Chicago (Special to Informed Comment) – President Trump, facing the prospect of possibly the worst electoral environment ever to face an incumbent president, is borrowing a page from the last Republican administration, the one that ended with a sitting president so universally reviled that he decided to skip his own party’s nominating convention. America’s 45th […]
The Rich wanted to Strangle a Tiny Gov’t in a Bathtub to avoid Taxes; Now it Turns out We need a Competent State
( Otherwords.org) – Amazingly, America has become a nation of socialists, asking in dismay: “Where’s the government?” These are not born-again Bernie Sanders activists, but people of all political stripes (including previously apolitical multitudes) who are now clamoring for big government intervention in their lives. Nothing like a spreading coronavirus pandemic to bring home the […]
With Rich Cushioned and Millions losing Jobs, let’s Dump “Heroic Job Creators” vs. “Moochers” Myth
Gainesville, Florida (Special to Informed Comment) – Republican Presidents Herbert Hoover, Ronald Reagan, George H.W. Bush, George W. Bush, Donald Trump and the 2020 GOP all have promoted the myth about heroic job creators vs. despicable moochers. Their toxic and misleading ideology is based on discredited supply side, trickle-down, voodoo economics that have consistently failed […]
The Ultimate Stress Test: America as revealed by the Coronavirus Pandemic
( Tomdispatch.com ) – The Severe Acute Respiratory Syndrome (SARS-CoV-2) virus, which causes Covid-19, seemed to emerge from deepest history, from the Black Death of the 14th century and the “Spanish Flu” of 1918. In just months, it has infected more than 1.5 million people and claimed more than 88,000 lives. The virus continues to […]
How Trump is making the Coming Great Recession even more Massive
San Francisco (48hills.org) – The current recession was triggered by the COVID-19 pandemic. But after 11 years of economic boom, a capitalist bust was inevitable. And it’s being made worse by the Trump Administration’s blunders. Meanwhile socialist China, despite very real problems, is effectively combating the pandemic and starting an economic recovery. Here in the […]
Exponential Growth: Bad in a Pandemic, Bad Economics if we Care about Climate and Mass Extinctions
By Chirag Dhara (The Hindu) – “Because of all we’ve done, the risk to the American people remains very low,” said Mr. Donald Trump on Feb. 26, 2020. About 50 Americans had contracted the virus by then. Today, merely seven weeks later, cases in the US have neared 500,000 and left 18,000 dead. As the […]
The Fundamentalist Religion of the Market and COVID-19
Discussions on the role of religion in the contemporary world generally fail to take into consideration an argument advanced by David Loy more than twenty years ago: namely, that the dominant faith system practiced across the globe today is in fact that of so-called “free-market” capitalism, a self-serving ideology forcibly imposed by a worldwide plutocracy […]