Social distancing in and of itself is an iron necessity for addressing the spread of COVID-19. However, the capitalist state cannot coordinate the response required to stem the disease significantly.
A perfect storm of private sector profiteering, reckless production practices, environmental destruction, and underinvestment in medical research has made global pandemics more common, and undermined our capacity to deal with them.
The following statement by the International Marxist Tendency explains how capitalism has utterly failed to deal with the coronavirus crisis, and is putting the lives of millions of people at risk.
The COVID-19 pandemic has plunged American society into panic. With confirmed cases and the death toll rising by the hour, capitalism has already proved incapable of dealing with this crisis.
The new coronavirus has set in motion a chain reaction, which is upending any semblance of stability in one country after another. All of the contradictions of the capitalist system are coming crashing to the […]
The coronavirus crisis in Italy is the most severe of Europe. This shows the chronic failures of the government, whose response has been totally inadequate.
Rather than inform the public and protect public health, the Italian government enacted inefficient measures, caused panic, and suppressed the labor movement.
The coronavirus outbreak triggered the biggest wave of stock market losses since 2008. Markets are worried that the virus will have a serious impact on an already weak world economy.
The spread of coronavirus throughout China is beginning to have serious political repercussions for the regime, and Xi Jinping is struggling to keep the lid down.
The Coronavirus outbreak in China is critical. A general mood of fear has engulfed the country. Wuhan, the epicenter of the outbreak, has been rendered into a virtual ghost town.
The only way to ensure that people are not alienated from the world around them is to give them genuine control over their lives.
Pfizer’s decision to abandon research on Alzheimer’s and Parkinson’s reflects the high-risk, low-reward nature of work on such diseases from a capitalist perspective.