Europe

The cynicism of the bourgeois knows no bounds. It reaches even the darkest of domains, like pandemics. Under capitalism, the existence and spreading of diseases can bring massive profits to a small minority. These last few years, while healthcare systems around the world have been destroyed by austerity, investors have pocketed colossal sums of money by speculating on pandemics. Since 2017, the World Bank has allowed investors to buy bonds with an annual interest rate of up to 11%, specifically under the pretext of fighting pandemics in poor countries. If a pandemic is declared, they lose their investment. But every eventuality is covered, and the criteria that trigger pay-outs to

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Nursing homes are one of the most critical areas of care in the coronavirus pandemic, making them one of the most dramatic points of struggle in the current period. The situation in Madrid is especially dire, revealing the magnitude of the problem with absolute clarity. As of 26 March (the day on which the latest data was released), 50 percent of the 2,090 deaths registered in Madrid came from nursing homes. This compelled the army to intervene, which at once began to search for corpses abandoned in these homes. Today, La Sexta cited a shocking report according to which 3,000 of the 10,000 deceased in the entire country are old people coming from said residences. We interviewed Nuria,

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The COVID-19 outbreak is rampant. As we are writing, 3 billion people are in lockdown. The economic consequences of this situation are far-reaching. In some countries, whole sectors of industry are shut down. NASA satellite images reveal drastic decreases of greenhouse gas emissions in areas that are usually high emitters, such as China or northern Italy. The economic crisis that has been raging for several years has erupted under the impact of the lockdown, striking another blow to the global economy. Some reactionaries rejoice at this and go so far as to assert that "the virus is the solution to save the planet!” Marxists must staunchly counter this nonsense. 

Keir Starmer has won the Labour leadership contest. His Blairite backers are already baying for blood, calling for the Corbyn movement to be purged from the party. The left must rally around socialist policies and prepare to fight back.

The current health crisis marks a turning point in world history. Its economic, social, and political repercussions will be colossal. The chain reaction that began in December 2019, in a wet market in Wuhan, will not end with the ebb of the pandemic.

There has been a great deal of fanfare about the government’s pledges to protect workers and small businesses through this crisis. But, in reality, ordinary people have been left high-and-dry. We must make the bosses pay.

The comrades of the IMT in Italy, Sinistra Classe Rivoluzione launched a campaign, “Workers are not cannon fodder” for the closure of all non-essential production, with the workers to be sent home on full pay, and where work is deemed essential for full protective equipment to be provided and safety procedures strictly adhered to. Their campaign appeal saw over 200 trade union shop stewards and activists sign up immediately, and more workers are signing every day. Add your name to show your support!

IMTV held an interview with Paul Murphy, TD (MP) for Dublin South West in the Irish Dáil (parliament), in which we discussed the coronavirus and the political crisis unfolding in Ireland. If you missed it, you can catch the recording here on marxist.com!

On March 29, David Rey, head of the Spanish section of the International Marxist Tendency (IMT), Lucha de Clases, spoke to our Brazilian comrades about the health crisis in his country and how Marxists are facing the situation.

The declaration of the state of emergency is unprecedented in Spain, except in the brief period of the air traffic controllers’ strike 10 years ago. It is true that this declaration currently has overwhelming support among the population. This is understandable. The seriousness of the situation and the uncertainty that accompanies it makes people trust "authority" as the only reliable source of protection available, at least as long as that trust lasts. So what is the position of Marxists on this?