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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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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