New Deal
Why the pandemic crisis marks a dead-end for capitalism
Even after the pandemic shock is over, the world will still be stuck with the protracted crisis of over-production, which had engulfed it well before
Why a ‘New Deal’ can’t be just switched on today
The globalization of finance means that any State that violates the dictates of finance, such as by attempting a New Deal financed by a larger fiscal deficit or taxes on the rich, runs the risk of a capital flight from its shores and hence a financial crisis
The world at crossroads
It is clear that the policies of the “last four decades”, which means the neo-liberal policies characteristic of the current era of globalization, have got to be changed
- Google employees lead sit-ins protesting company’s complicity in genocide
- Israeli tourists attack vigil in Cusco in support of Palestine
- During Red April, Brazil’s MST restates the importance of agrarian reform
- German authorities’ crackdown on Palestine Conference sparks widespread outrage
- As elections approach, India’s farmers count government’s broken promises
