This morning, Naked Capitalism carried a piece by economist Michael Hudson on the ramifications of the pandemic on the U.S. economy. Hudson explained how to escape from catastrophe by looking at a biblical perspective.
Sure, there's a Trump tweet for occasion; but there's also a George Carlin video for every occasion as well. You may prefer how Carlin explains what we're going through as a society now but economist James Galbraith is slightly less pessimistic. In fact, he wrote a piece for The Nation this week about how to confront the side-effects of the pandemic, namely the economic one. He looks at it square in the eyes and wants you to accept it: "a house of cards has fallen.
If you’ve been to Europe recently or if you look at European media sources you’re probably aware of the enormity of the Italian banking crisis and of the fears that the contagion from the crisis will have world-wide repercussions. Trump hasn’t tweeted about it yet so it isn’t really being covered by US mass media.
