Nèdeem Elmahjoub's blog

For Martin Wolf the only possible world system is the neoliberal model

Escalating Plunder

Who are the looters and the looted?

State intervention may be back, but don't assume neoliberalism is dead Related Here is what the Financial Times , a supporter of neoliberal capitalism of last 40 years is suggesting to reform a system in a deep crisis and thus preserve it: "Radical reforms — reversing the prevailing policy direction of the last four decades — will need to be put on the table. Governments will have to accept a more active role in the economy. They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure. Redistribution will again be on the agenda; the privileges of the elderly and wealthy in question. Policies until recently considered eccentric, such as basic income and wealth taxes, will have to be in the mix."

Airlines and oil giants are on the brink. No government should offer them a lifeline

Reconsidering the business of business

Capitalism "degrades and undervalues precisely those who make real social wealth: nurses and other workers in hospitals and healthcare, agricultural laborers, workers in food factories, supermarket employees and delivery drivers, waste collectors, teachers, child carers, elderly carers. These are the racialized, feminized workers that capitalism humiliates and stigmatizes with low wages and often dangerous working conditions." On Social Reproduction and the Covid-19 Pandemic

US:  The coronavirus class war has already started Italy: The corona crisis and the battle with the bosses

War economy? Related: We are not the virus (I don't see though what the figure mentioned refers to: " During a crisis that has killed hundreds of thousands of people..."

"When the next financial crisis comes – and it will come because, like earthquakes, only the when and how severe is ultimately up for debate – it seems all but inevitable that once again the public will be called upon to step in and bailout the big financial institutions. There is, however, another option. Instead of panic-driven handouts to corporations and temporary quasi-nationalizations, a plan should be in place for cleanly and transparently taking failing financial corporations into genuine public ownership. Ultimately repurposing them, and shifting their activities away from financialization, speculation, and extraction and towards supporting healthy, prosperous, and equitable local economies as well as a sustainable planet." Buyouts, not bailouts: public banks as a solution to the next crisis