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Coronavirus Capitalism  and How to Beat It

Coronavirus Capitalism and How to Beat It

cartelq

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Governments around the world are busily exploiting the coronavirus crisis to push for no-strings-attached corporate bailouts and regulatory rollbacks. “I've spent two decades studying the transformations that take place under the cover of disaster,” writes Naomi Klein. “I’ve learned that one thing we can count on is this: During moments of cataclysmic change, the previously unthinkable suddenly becomes reality.” In recent decades, that change has mainly been for the worst — but this has not always been the case. And it need not continue to be in the future. This video is about the ways the still-unfolding Covid-19 crisis is already remaking our sense of the possible. The Trump administration and other governments around the world are busily exploiting the crisis to push for no-strings-attached corporate bailouts and regulatory rollbacks. Treasury Secretary Steven Mnuchin is moving to repeal financial regulations that were introduced after the last major financial meltdown, as part of the 2010 Dodd-Frank Act. China, for its part, is indicating that it will relax environmental standards to stimulate its economy, which would wipe out the one major benefit the crisis has produced so far: a marked drop in that country’s lethal air pollution.

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