Margaret Kimberley: The United States gave up its large scale manufacturing to China, the country which it both demonizes as the source of infection but also begs to produce more ventilators, masks and other medical equipment.
Kathleen Wallace: It’s been obvious to all that testing has been available for the athletes, the no-symptom Hollywood elites…but try being sick and poor during this time.
Thom Hartmann: The 40-year embrace of that neoliberalism—by both Republican and Democratic administrations—is every bit as responsible for our coronavirus mortality rates as is the incompetence of the Trump administration.
RJ Eskow: This deal doesn’t get it right. But it’s worth considering what a well-constructed bailout program would look like—both to set the terms of the debate, and in anticipation of future bailout needs.
Marshal Auerbach: The usual German phobias about inflation can also be addressed if the balance of the government spending is focused on expanding the productive capacity of the economy
Donnie Maclurcan: Right now we’re facing a supply and demand nightmare: workers and employers want to produce, but buyers cannot consume because social distancing is needed of us all.
Mark Fancier: Liberation requires a spiritual, emotional and mental divorce from the U.S. empire and its non-profit industrial complex.
Rob Sewell: The global capitalist system is facing an existential crisis, with a slump that is affecting all countries simultaneously.
James Kyprios: One can make the argument that the present situation could, in theory at least, lead to a more difficult economic situation than 2008 and even 1929.
Ellen Brown: When the Federal Reserve tried to ride to the rescue, it only succeeded in making matters worse. The government then pulled out all the stops. To our staunchly capitalist leaders, socialism is suddenly looking good.
Lenore Daniels: Wall Street, the banking industry, the military complex receive a form of socialism that is unfair and unequal. In other words, undemocratic because it leaves the lives of the 99% to the whims of a capitalist market.
Randy Shaw: California may be unique in having a $19 billion “Rainy Day” fund that can be used to cover the rent of small businesses.
Marshall Auerback: History has clear inflection points that have reshaped broad swaths of the globe seemingly overnight, but not all political leaders have recognized that yet.