Tag Archives: Pandemic

World economy: Where is the recovery going?

By Eric Byl, ISA International Executive There is much to say about the so-called “post-pandemic” economic rebound. The figures look impressive, but warnings are manifold. New heights in inequality between rich and poor are pouring petrol on existing social tensions and producing new ones. Spiraling food prices are provoking further social explosions. Capitalism’s disastrously slow, uneven and inefficient vaccine rollout ...

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5 reasons why capitalism can’t be patched up, and has to go

By Eddie McCabe If the world today seems chaotic and the future looks bleak, try to remember one thing: it’s not you, it’s capitalism.  The accelerating decay of this system is increasing the rate of all kinds of disasters, as well as their intensity. This reality means more hardship for billions of people daily, and devastation for millions. Naturally, it’s ...

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Hospitality bosses lobby again for pre-mature re-opening

By Michael O’Brien The loud voices from the hospitality lobby went into hiding in the new year. This was after the “meaningful Christmas” promised by Micheál Martin, which led to the easing of restrictions in December, contributed to skyrocketing levels of infections and the highpoint of mortality. Six months on, these same individuals and their most ardent supporters from the ...

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The origins of Covid-19: Lab-Leak or capitalist ecological crisis?

By Chris Stewart In the past month, the capitalist media in the US have shifted decisively in their reporting around the origins of COVID-19. This comes as President Biden has ordered a 90-day review by the US intelligence agencies of the likelihood that the virus originated in a lab in the Wuhan Institute of Virology. This concerns two main scenarios, ...

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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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Covid-19 and healthcare crisis — end the two-tier health service

By Robert Cosgrave  In the week ending 5 February there were 177 people suffering from Covid-19 in Intensive Care Units – well above half the total ICU capacity in public hospitals. This has put massive strain on hospitals which already suffer from overcrowding due to a lack of investment in hospital infrastructure and a policy of downgrading particularly regional hospitals as ...

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Covid-19: Capitalism Rushes to Re-Open as Pandemic Grows

By Bill Hopwood, ISA Canada Around the world, countries are lifting the restrictions that were introduced to contain the COVID-19 pandemic. People are being allowed to leave their homes, and workplaces, cafes and stores are re-opening. The sharp closures of society and the economy were needed to reduce the level of infection and death from the virus, only because of ...

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Billionaires profit from a pandemic!

By Haritha Olaganathan US billionaires saw their collective wealth increase by $282 billion in the first twenty-three days of lockdown. Facebook’s CEO Mark Zuckerberg is the biggest financial reaper, as shares in the social media company have surged by almost 60% over the past two months. Another profiteer includes CEO of Amazon Jeff Bezos, whose wealth has increased by $25 ...

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The mental health crisis and COVID-19

By Aislinn O’Keefe According to a 2018 OECD survey, one in six people across Europe are living with a mental health problem, and more than 50% of people will experience mental health issues over the course of their lifetimes. Of the 36 countries surveyed, Ireland ranked joint third for the most instances of mental illness in the country. In Ireland, ...

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