Economic Recovery

Understanding Maduro’s Successful Socialist Economic Strategy

August 12, 2022 Morning Star. Create! Economic Recovery, Media, Socialism, Venezuela

In its intensely biased coverage of Venezuela during the hard years of 2014-21 the mainstream media wheeled in every imaginable academic pundit to “demonstrate” that the country’s economic woes were the result of President Nicolas Maduro overseeing Venezuela’s slide “into authoritarianism and economic collapse” (the Guardian, January 24 2019) and not of cruel US sanctions. In 2019, the Economist for instance, in line with US policy, published a front cover with a clench-fisted Juan Guaido titled “the battle for Venezuela’s future,” positing “the world democracies are right to seek change.” Very rarely, if at all, the mainstream media or the activated pundits gave any significant weight to the well over 500 illegal and criminal unilateral coercive measures (aka sanctions) inflicted on Venezuela and its people by the US and its European and Latin American accomplices.

Capitalism May Not Survive The 2020 Global Crisis

July 24, 2020 Richard D. Wolff, RT. Educate! Capitalism, Economic Recovery, Pandemic, Recession

The current global crisis triggered by Covid-19 is the third capitalist crash in this century. And governments’ incapacity to consider non-capitalist solutions threatens to keep deepening this crisis into capitalism’s worst. The first was in early 2000. Because it was triggered by the absurdly high prices of dot-com stocks, it got named the “dotcom crisis.” In 2008, the trigger was widespread subprime mortgage default in the US and the crash was far more serious, one of the worst in capitalism’s history, second only to the crash of the 1930s. And now, in 2020, the trigger was a viral pandemic, and we have a far deeper crash than in 2008.

A Green Stimulus To Rebuild The Economy

April 10, 2020 The Next System Project. Create! Economic collapse, Economic Recovery, Green New Deal, Worker Rights and Jobs

The open letter for members of Congress calls for “an ambitious Green Stimulus of at least $2 trillion” designed to create millions of family-sustaining green jobs; accelerate a just transition away from fossil fuels; accelerate decarbonizing investments in frontline communities; expand public and employee ownership, especially in private sector enterprises requiring a public bailout; and make our society and economy stronger and more resilient in the face of future crises. The group letter acknowledges that the immediate focus must be halting the spread of the deadly COVID-19. However, the statement goes on to say, we can do all the preparatory work now to make green projects “shovel-ready” as soon as it is healthy to commence the work. The letter lays out a broad range of policy options to begin.

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