schematic depiction of internet of things

The Internet: The Case for Public Ownership

The internet has become essential for almost all Canadians due to COVID-19. Suddenly, millions of workers are told to work from home, via the internet. Education is forced online, with teachers discovering that many students don’t have access to computers, laptops or even the internet. People need to go online to contact banks, essential services, […]

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COVID-19, War and Economics

The metaphors of war have been in abundance since the onset of COVID-19. In Britain, the Queen, in a speech, evoked the WW2 song, “We’ll Meet Again.” The Italian Prime Minister, Giuseppe Conte, also invoked WW2 when he used Winston Churchill’s words to talk about Italy’s “darkest hour.” Donald Trump has described himself as a […]

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Oil Prices Collapse

Tony Wilsdon is a member of Socialist Alternative in the US. The Spectre of Deflation The collapse in oil prices in the second quarter of 2020 will be a further accelerator of the deepening world economic depression. The New York Times writes: “Just a few months ago, the American oil industry was triumphant in its […]

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The Backlash Against Capitalism

Before COVID-19 had become the all-consuming news story it is today, the elites of world capitalism, under the name of the World Economic Forum, were meeting in January in Davos, Switzerland. According to the WEF pronouncements, the key issues facing capitalism, in the year ahead, would be that: 1) The global economy is under pressure, […]

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How Deep is the Global Depression?

Per-Åke Westerlund is a member of Rättvisepartiet Socialisterna (ISA in Sweden). The world economy is in shock and paralysis The world economy is being shaken as never before. 2.7 billion workers around the world — 81% of the labour force — are under lockdown or travel bans. Hundreds of millions risk acute starvation. And yet, […]

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