Browsing All posts tagged under »economics«

Post C-19: let’s not settle for normal

April 6, 2020

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Covid-19 and the response of authorities in proclaimed democratic states around the world has clearly illustrated that while all citizens are notionally equal, some are more equal than most others — while a tiny minority are very much more equal than the rest. While the media often concentrates on the fact that the likes of […]

Post Covid-19: why we don’t need ‘normal’

April 4, 2020

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There seems to be a consensus that the world will not be the same again in the wake of the Covid-19 pandemic, But while business and the elites plan for a possible return to business as usual, this appears to be te last thing we need since the 'normal' we had was precisely the problem.

A Covid-19 wake up call for fairness

March 22, 2020

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The spread around the world of Covid-19 by jet set and cruise travellers has heightened the fear of the horrendous human cost that this virus — no respecter of class, caste or colour — could cause should it reach the teeming favelas, squatter camps and shacklands of the working class poor. This should bring to the fore the gross neglect of the poor, many of whom continue to live — and die — as a result of treatable and curable epidemics such as tuberculosis (TB).

Middle class is not defined by income alone

March 11, 2020

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Beware the anger of those individual workers, who finding themselves jobless, realise they were conned into believing that they had ascended to middle class status and supposedly shared greater interests with the owners of capital than with the other sellers of labour, the working class majority.

The potentially explosive reality of joblessness

February 19, 2020

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While some commentators clutch at straws of optimism, citing unchanged quarterly unemployment statistics, the reality is that what exists is not just a crisis, it is a tragedy of massive proportions with socially explosive potential.

The green irony at Davos

January 31, 2020

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It is ironic that the 50th annual meeting of the World Economic Forum has announced that the “transition to a greener and more equal economy is not just possible but imperative for restoring productivity”. Because the members of this private rich boys' club, representatives of the 1% who comprise the apex of the global wealth pyramid, are primarily responsible for the crisis: they are part of the problem, not the solution.

Strap in — it’s the rise of the machines

January 21, 2020

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Artificial Intelligence and the technology employing it is not our enemy; it is who controls it and to what end that will determine whether humanity benefits or finds itself in the sort of dystopian world only imagine4d by the most pessimistic speculative fiction writers. The technology now being developed, displaces human labour; it does not (as in previous industrial revolutions) provide machines that make human labour more productive. It has never been more imperative for working people to take democratic control and perhaop liuberate humanity.

2020: Tumult lies ahead — but hope too

January 17, 2020

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Hope for the future lies in placing the massive advances in technology and AI under democratic, accountable and transparent control. Failure to do so could result in a dystopian future that only the most pessimistic of speculative fiction writers have imagined.