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Search Results for: Coronavirus COVID-19 Capitalism  – Page 6

The COVID-19 Pandemic Shows That Capitalism Fails Workers

The past month has seen unimaginable suffering among American workers—suffering caused by the enormous callousness of bosses, a tyrannical White House, and a society designed to fail those who need it the most. At the same time, we have seen the scope of the politically possible dramatically change, securing the potential—slim though it may be—that crisis can, like the Great Depression, lead to a fundamental realignment of American society away from robber barons like Elon Musk and Jeff Bezos and toward American workers.  It is up to labor to fight for that future, and it will not be won by begging for scraps from the boss’s table. Unions must fight for their entire sector, not just their membership; they must fight for all workers, not just the lucky few that belong to a union. There is no other organized voice for the working class.

Life After COVID-19: Decommodify Work, Democratize The Workplace

More than 3,000 researchers from 600 universities around the world have issued an urgent call to heed the lessons of the COVID-19 crisis and rewrite the rules of our economic systems in order to create a more democratic and sustainable society. Their call – made in an op-ed published simultaneously in 33 leading media outlets around the world, including The Wire – in the midst of an unprecedented health, climate, and political crisis, paves a positive path forward following three core principles: democratize (firms), decommodify (work), and remediate (policies) in order to respect planetary boundaries and make life sustainable for all.

Imperialism And COVID-19

We are not in this together. The divisions that run through our society going into the COVID-19 crisis have only been heightened. Racialized workers are seeing higher rates of infections and deaths because they disproportionately work in low-paying frontline jobs. Women, racialized, migrant and low-wage workers have disproportionately been impacted by the closure of the economy through job losses and the loss of public services such as schools.  Just as the COVID-19 crisis exposes and deepens inequality at the national level, so too does the crisis play out on the international level. The virus, first confronted in China, has seen its deadliest form in Europe and the United States. The epicentre of the virus seems to be the richest nations on the planet.

As Corporations Adapt To A COVID-19 Economy, The Working-Class Prepares For A Paradigm Shift

For the vast majority of us, the move to a completely digital economy represents an even more unfair deal than we already have as low-level participants in a billionaires’ economy. When Elon Musk tweeted that he was going to sell off “most” of his earthly possessions, many cheered the Tesla CEO for taking what appeared to be such an ‘enlightened’ step. But, what isn’t readily apparent to most people is that in this post-COVID-19 economy that McKinsey is promoting, Elon and all his friends will be moving into your house. With the so-called “remote-first” organizational model for corporations, our homes will become their new office space. Companies all over the United States can then enrich themselves further by selling off or renting out their real estate assets, while your living room becomes your boss’ new conference room.

Scheer Intelligence: Big Banks Got The Sweetest Deal From The Covid-19 Bailouts

It’s been over a decade since the 2008 banking meltdown, and yet many Americans are still living with the consequences of the financial crisis and the Obama administration’s decision to bailout banks over people with their own tax money. As Covid-19 spread around the world, and the economic impacts of the public health crisis began to take shape, the U.S. government once again faced a similar choice regarding bailouts. This time, Congress passed the CARES Act, which, on paper, aimed to help working people and small business owners most affected by both the virus and the lockdown measures used to combat the crisis, seemingly marking a shift from the 2008 crisis handling. Yet, as banking expert Nomi Prins points out to “Scheer Intelligence” host Robert Scheer in the latest installment of his podcast, banks and large companies are once more taking advantage of a crisis to swindle the public. 
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