A - I n f o s
a multi-lingual news service by, for, and about anarchists **

News in all languages
Last 40 posts (Homepage) Last two weeks' posts

The last 100 posts, according to language
Greek_ 中文 Chinese_ Castellano_ Català_ Deutsch_ Nederlands_ English_ Français_ Italiano_ Polski_ Português_ Russkyi_ Suomi_ Svenska_ Türkçe_ The.Supplement

The First Few Lines of The Last 10 posts in:
Greek_ 中文 Chinese_ Castellano_ Català_ Deutsch_ Nederlands_ English_ Français_ Italiano_ Polski_ Português_ Russkyi_ Suomi_ Svenska_ Türkçe
First few lines of all posts of last 24 hours || of past 30 days | of 2002 | of 2003 | of 2004 | of 2005 | of 2006 | of 2007 | of 2008 | of 2009 | of 2010 | of 2011 | of 2012 | of 2013 | of 2015 | of 2016 | of 2017 | of 2018 | of 2019 | of 2020

Syndication Of A-Infos - including RDF | How to Syndicate A-Infos
Subscribe to the a-infos newsgroups
{Info on A-Infos}

(en) France, Union Communiste Libertaire UCL - press release: Coronavirus shakes financial capitalism (fr, it, pt)[machine translation]

Date Wed, 18 Mar 2020 08:39:57 +0200

The capitalist economy is decidedly fragile. The coronavirus pandemic, coupled with the oil conflicts between Russia and Saudi Arabia, has been crashing stock prices for several days. ---- In Europe as in Asia and in the United States, many crucial financial centers (CAC 40, FTSE 100 ...) are in worse shape than during the 2007-2008 crisis. Reacting precipitately, the European Central Bank has relaunched its purchases of securities on the markets, while Trump has suspended travel to Europe, further aggravating the stock market panic. ---- There is nothing exceptional about this situation. The coronavirus is only the trigger. A solid economic and social system would not bow to the knee in the face of a manageable epidemic. But the financial markets, hypertrophied by decades of laissez-faire and an overproduction fueled by the wildest liberalized capitalism, over-react to the least unexpected news. The speculative bubbles are only waiting for a situation like the one we are living in to burst and sink world capitalism into a new recession.

While the consequences of the 2008 crisis are still not being mended, the states are in debt and the monetary policies of the European and American central banks are practically at their maximum, the room for maneuver available to react to a new crisis will be extremely reduced and will leave the economy in a dismal state.

Real-time pandemic expansion map
Click to access it.
Let something unexpected happen, and all the fine principles of the Liberals collapse at breakneck speed. Free market, free movement, all this applies to times of peace and abundance. In a global market where everyone depends on everyone, a conflict, an epidemic, and here we are back straight to the most brutal state interventionism.

In his speech on March 13, where he pretended to fight the commodification of public service, Macron only demonstrated his hypocrisy and his electoralism without sketching the slightest real economic turnaround. Bourgeois governments are already working out bailouts of businesses and the financial system, and, as usual, workers will pay to save those assisted by big capital. The fiscal stimulus may limit the fall in growth. Until the next crisis ...

Libertarian Communist Union, March 13, 2020

A - I N F O S N E W S S E R V I C E
By, For, and About Anarchists
Send news reports to A-infos-en mailing list
Subscribe/Unsubscribe http://ainfos.ca/mailman/listinfo/a-infos-en
Archive: http://ainfos.ca/en
A-Infos Information Center