Economics

By Richard D. Wolff The desperate policies of panic-driven governments involve throwing huge amounts of money at the economies collapsed in response to the coronavirus threat. Monetary authorities create money and lend it at extremely low interest rates to the…

There is much debate about what the world will be like after the pandemic, and we really don’t even know when that will be. It may be that in some countries contagion will peak in a few weeks and then…

“A portrait of disaster. Unemployment insurance claims for the last two weeks are mind-blowing.” By Jake Johnson, staff writer –  Common Dreams The U.S. Department of Labor announced Thursday that 6.6 million Americans filed jobless claims last week, a staggering…

Classical economics helped kill millions in the British Empire’s famines—following economic orthodoxy today could be just as deadly. By Justin Podur I’m writing this at 585,000 worldwide active cases, 26,000 deaths, and with only China and Korea seemingly under some…

DiEM25’s 3-Point Plan for the COVID-19 Pandemic Step 1: Issue €1 trillion in ECB-Eurobonds Step 2: Inject a €2000 European Solidarity Cash Payment Step 3: Introduce a European Green Recovery & Investment Program Introduction: Lives, Livelihoods and the Union on…

By Nicolas J S Davies The United States has become the new center of the global coronavirus pandemic, with over 86,000 cases, more than China or Italy. More than a thousand Americans have already died, but this is surely only…

The Senate unanimously approved a historic $2.2 trillion emergency relief package late Wednesday night to battle the unprecedented economic shock of the coronavirus pandemic. 

The House will consider the bill Friday before it goes to President Trump’s desk to be…

The evident message of COVID-19 to many who have recognized it before, remains how connected we all are. As the world watches and absorbs mixed messages, reality for society’s fabric – the people – becomes one of questions and a…

“Only the most radical reset, akin to a post-world war overhaul of the international economy, will allow us to rebuild the international economy in a way which means we can tackle future pandemics.” By Jake Johnson, staff writer – Common…

By Jonathan Cook If a disease can teach wisdom beyond our understanding of how precarious and precious life is, the coronavirus has offered two lessons. The first is that in a globalized world our lives are so intertwined that the…