Apr 21, 2020

Capitalism & the pandemic

[Talk given to Melbourne Socialist Alliance branch, 21.04.20]

Pandemic brings big & sudden changes

The scale and scope of government measures to deal with the COVID-19 crisis have surprised many people. Long-held neoliberal dogmas have been pushed aside. Government action is clearly decisive: The bourgeois fetish of the budget surplus has been junked and huge deficits run up; after being frozen for 20 years, the dole rate has been doubled; economic sectors and firms are everywhere putting their hands out for government support; firms are being encouraged and even directed to produce vital medical supplies.