Re: [Marxism] Anti-Capitalist Politics in the time of Covid-19: An Essay by David Harvey
POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. * On Wed, Apr 22, 2020 at 4:18 PM Ralph Johansen via Marxism wrote: > I don't think this has been posted here yet. > https://www.democracyatwork.info/anti_capitalist_politics_in_the_time_of_covid_19_essay_by_dh concluding sentences: ...On the economic front responses have been conditioned by the manner of exodus from the crash of 2007-8. This entailed an ultra loose monetary policy coupled with bailing out the banks supplemented by a dramatic increase in productive consumption by a massive expansion of infrastructural investment in China. The latter cannot be repeated on the scale required. The bail-out packages set up in 2008 focused on the banks but also entailed the de facto nationalization of General Motors. It is perhaps significant that in the face of worker discontents and collapsing market demand, the three big Detroit auto-companies are closing down at least temporarily. If China cannot repeat its 2007-8 role, then the burden of exiting from the current economic crisis now shifts to the United States and here is the ultimate irony: the only policies that will work, both economically and politically, are far more socialistic than anything that Bernie Sanders might propose and these rescue programs will have to be initiated under the aegis of Donald Trump, presumably under the mask of Making America Great Again. All those Repubicans who so viscerally opposed the 2008 bail-out will have to eat crow or defy Donald Trump. The latter, if he is wise, will cancel the elections on an emergency basis and declare the origin of an Imperial presidency to save capital and the world from riot and revolution. _ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
[Marxism] Anti-Capitalist Politics in the time of Covid-19: An Essay by David Harvey
POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. * I don't think this has been posted here yet. https://www.democracyatwork.info/anti_capitalist_politics_in_the_time_of_covid_19_essay_by_dh _ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
[Marxism] Anti-Capitalist Politics in the Time of Covid-19
POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. * The economic effects are now spiraling out of control both within China and beyond. The disruptions working through the value chains of corporations and in certain sectors turnd out to be more systemic and substantial than was originally thought. The long-term effect may be to shorten or diversify the supply chains while moving towards less labour intensive forms of production (with enormous implications for employment) and greater reliance on artificial intelligent production systems. The disruption of production chains entails laying off or furloughing workers, which diminishes final demand, while the demand for raw materials diminishes productive consumption. These impacts on the demand side would in their own right have produced at least a mild recession. ~ David Harvey https://www.democracyatwork.info/anti_capitalist_politics_in_the_time_of_covid_19_essay_by_dh _ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
[Marxism] Anti-Capitalist Politics in the Time of COVID-19
POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. * By David Harvey. http://davidharvey.org/2020/03/anti-capitalist-politics-in-the-time-of-covid-19/ _ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
