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Showing posts with the label "government failure"

Global Capitalism

A good framing of the big picture. But like all reformist leftists, no class analysis, no alternative such as nationalising the key sectors of the economy, genuine democracy and transforming the structure of capitalism for the benefits of the majority and the needs of humanity and nature by doing away of the profit motive. May be given the rise of the far right, racism, xenophobia, etc no radical solutions could be envisioned. Only modest ones (!) "In a horrific mind-warp, advanced eonomies suddenly find themselves facing the kinds of dilemma habitually faced by poor countries. We don’t have the tools. In the poor world, the everyday result is that children are stunted and families are impoverished. Millions die for lack of treatment. Covid-19 has delivered a taste of that to the rich world. Whereas one can reasonably say that giant structures such as capitalism and geopolitics stand in the way of addressing the climate crisis, the same is not true of Covid-19. The  cost of v