Tag Archives: Global capitalism

Johnson praises the role of “capitalism and greed” in Covid response

By Daniel Waldron On the anniversary of the first lockdown in the UK, Boris Johnson proclaimed  to Tory backbenchers, “The reason we have the vaccine success is because of capitalism, because of greed, my friends.” The real result of the Tories’ callous, pro-capitalist policies during the Covid pandemic has been almost 130,000 lost lives, one of the highest per-capita death ...

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Despite growth projections, world economy is deeply unstable

By Tom Crean The devastation caused by the pandemic-triggered global downturn in 2020 is hard to overstate. It was the biggest economic contraction since the Great Depression of the 1930s. Across the world, working hours equivalent to 255 million jobs were lost. The World Bank estimates that the number of people in “deep poverty,” defined as living on less than ...

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