US is infected with ‘pandemic capitalism’ as markets incentivise suffering

//US is infected with ‘pandemic capitalism’ as markets incentivise suffering

US is infected with ‘pandemic capitalism’ as markets incentivise suffering

More than 250,000 Americans are dead and cases are rising uncontrollably. An effective vaccine strategy is months away. A recalcitrant president refuses to concede or lead. Even so, US markets are surging with the Dow topping 30,000 for the first time in history. As argued by Marxists and Naomi Klein, capitalism has long exploited crises and even encouraged them to discipline labour and advance elite interests. Indeed, Klein’s term “disaster capitalism” from her prescient book The Shock…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-11-30T14:00:11+00:00 November 30th, 2020|Business|Comments Off on US is infected with ‘pandemic capitalism’ as markets incentivise suffering