The Whole System is Rotten

As COVID-19 engulfed the Earth, most governments failed to protect society. A rare few acted quickly and decisively to test, trace, isolate and provide personal protective equipment (PPE), managing without lockdowns and widespread closures to contain the virus. Many, such as Canada, acted too little and too late. Others, such as the US, Brazil, India, […]

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Iran: Economic and Political Crisis Intensifies

Nina Mo is a member of Sozialistische LinksPartei (ISA in Austria). The statement by former Islamic Revolutionary Guards Corp (IRGC) commander Alireza Alavi-Tabar recently that, “if the current situation continues, people will rise up and the government will face a revolution or collapse which we should deter at all costs,” demonstrates how the Iranian ruling […]

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Public Ownership of Banks

During the month of March, the whole world was scrambling to wrap their heads around the scale and impact of the COVID-19 crisis. As the coronavirus was scything its way through Asia and Europe, each successive government seemed to be competing to see who was going to bungle its pandemic response more. Meanwhile a different […]

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Big Pharma, Big Price, Big Profits

The German playwright, Bertolt Brecht wrote in the 1930s that it is easier to rob by setting up a bank than by holding up one. If Brecht were alive today, he might want to revise the statement by substituting pharmaceutical company for bank. Using a measure called Return on Invested Capital (ROIC), research shows that […]

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COVID Kills Farm Workers

Karl Marx once said, “The oppressed are allowed once every few years to decide which particular representatives of the oppressing class are to represent and repress them.” While this may be a critique of liberal democracy, it can also apply to the state of temporary foreign workers in Canada who hope to live under better […]

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World Economy in Depression

Manus Lenihan is a member of the Socialist Party (ISA in Ireland). IMF Downgrades Economic Prediction The IMF’s last forecast, in April, predicted that world growth would contract by 3%, which it described, in what must be the most-used word of 2020, as “unprecedented.” The more recent report revises that downward to 5%. What will […]

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