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Friday, 20 March 2020

David Rovics: Unprecedented Precedents


"It is in moments like this when the fundamental dysfunctionality of late-stage capitalism is laid bare. We live in a society where most people have inadequate health care in the best of times, and where most people are in no financial position to pay the rent next month after being laid off this month. In such a sudden economic crisis as this, even the capitalists know something has to give. This bailout package is the first big effort on the part of the federal authorities to preserve their capitalist system, by applying some classic Keynesian, FDR-style economics. Which FDR did for the same reason, as he made clear himself."

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