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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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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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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Re-Opening: Blame or Reconstruction?

Around the world countries are lifting the restrictions that were introduced to contain the COVID-19 pandemic. People are allowed to leave their homes, and workplaces, cafes and stores are re-opening. The sharp closures of society and economy were needed to reduce the level of infection and death from the virus, only because of the inadequate […]

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