Economy/Economics

From COP-21 to COVID-19: The Collapse of “Predictive Models” and the Return to Actual Thinking

American Surgeon General Jerome Powell’s recent announcement that America would begin using real data and real trends instead of the World Health Organization-Bill Gates driven ‘predictive models’ came as a breath of fresh air for many who were beginning to lose hope that reason had been banished from world policy.

2020 Election Year Is an Opportunity for Transformational Change If We Embrace Our Power


Although we do not tie our organizing to the election cycle, the 2020 election is an opportunity for the people to set the agenda for the 2020s. We need to show that whether Donald Trump or Joe Biden are elected, the people will rule from below. We need to build our power to demand the transformational we need.

Coronavirus Capitalism: Entrenching Dispossession and Dependency

There is surprisingly a certain degree of optimism around at the moment, despite virtually entire populations and economies on lockdown. Although things are really bad for millions right now due to the effects of lockdown, economist Mariana Mazzucato believes that the Covid-19 crisis will shine light on societal and economic systems all across the world, exposing some of the deep-rooted flaws of capitalism.

Trump’s Shameful Blame Game

The neoliberal Council on Foreign Relations through its journal Foreign Affairs has amped up its criticisms of China. United States president Donald Trump and American officials have orchestrated a gambit to deflect unwanted attention from the miserable US response to the COVID-19 pandemic and the souring US economy. The Trump administration has directed its invective at China which elsewhere has been praised for its handling of the COVID-19 epidemic, getting back to business, and helping out other countries to fight the virus.

IMF Predicts China to Surge, Yet Again, Next Year

The IMF now predicts that China next year will have the highest rate of economic growth since 2011, which was the last time when China’s GDP growth-rate exceeded 9% (at 9.6%). China’s growth-rate had averaged around 9% between 1978 and 2011, then slid to around 6.5%. If the IMF is correct, then 2021 will be the first time in a decade that the country’s GDP growth-rate is restored to its former long-time norm.