Marshall Auerback and Jan Frel: COVID-19 has exposed flaws in the global supply chain model; advances in technology have rendered it obsolete.
Sylvia Allegretto: A bold, creative solution is required in order to keep the labor market as close to intact as possible—the government should guarantee payrolls and benefits.
Ellen Brown: Did Congress just nationalize the Fed? No. But the door to that result has been cracked open.
Ajamu Baraka: Systemic failure of the capitalist order triggered by the coronavirus has reinforced the growing awareness that extreme wealth inequality is fundamental
Richard D. Wolff: The problem of policies aimed to return the economy to what it was before the virus hit is this: Global capitalism, by 2019, was itself a major cause of the collapse in 2020.
Johnny Townsend: Society can’t function indefinitely without labor. But a few weeks into a war against a deadly pathogen is hardly the time for capitulation.
All we ever talk about is the government deficit from the perspective of the government’s balance sheet. That’s not what’s important. Let’s look at it from the perspective of the rest of us: It’s a financial contribution into our bucket.
Robert Reich: Apparently, these lawmakers hadn’t noticed that the pay of the typical working American has stagnated for decades, adjusted for inflation.
Eric Cheyfitz: The limits of capitalism’s imagination are, I argue, marked by four words, what I refer to as “boundary terms”: property, profit, production, and progress.
James A. Kyprios: We are not dealing with typical economic problems. The crisis in 1929 and in 2008 dealt with underlying problems in the economy. Today we are faced with a major existential crisis, unlike any other in the history of the U.S. and the whole world.
Richard D. Wolff: The catastrophe demonstrates the results when public health is subordinate to private profit and to a governmental apparatus that adulates the superiority of private over public administration.
Jessica Goodheart: We can’t afford to give money to companies that are going to hand it off to high paid executives or pad their stock dividends.
Marshall Auerbach: The bill passed by Congress is business as usual masquerading as an economic recovery act. It does nothing to ensure that we have an economy that works for all.