Tag Archives: recession

The Great Coronavirus Scare of 2020: The Year the Capitalists Destroyed the World Economy Over Nothing

The “cure” for COVID-19 will prove to be far worse than the disease: the damage that the capitalists have inflicted on the world economy for purely “New Cold War” political reasons may trigger another Great Depression. Source: MarketWatch

Revolutionary socialists like us have long warned the workers of the world that unless the working class overthrows the murderous, exploitative capitalist class and their antiquated economic system and takes state power into the hands of the working class there will be continued, endless misery for the workers all over the world. Capitalism – an economic system based upon less or more brutal exploitation of the working class – is also based upon competition, rather than co-operation, between nation-states and their respective capitalist classes. The struggle between these nation-states over the limited natural resources of the planet lead inevitably to regional and world wars in which tens of millions of workers are slaughtered. And now workers not only face the threat of a nuclear WWIII but also the threat of becoming more and more an economically superfluous population, as artificial intelligence systems coupled with robotics will soon enable the capitalists to permanently replace workers with machines. When we say “there is literally no future for the working class under capitalism” we aren’t just trying to scare you into the ranks of the socialist parties – we’re telling you the truth.

In their endless mad pursuit of profits uber alles the capitalists and their bought-and-paid-for political flunkies in every pro-capitalist political party tend to forget everything else besides conspiring how to grab as much tax money as possible and funnel it into their bank accounts as quickly as possible before they get caught doing it and their scam comes to a temporary end – at which time YOU, the workers in your boundless stupidity kick the bums out of office and elect a competing gang of capitalist criminals from a different pro-capitalist party. So they “game” goes on, until the working class decides, finally, to put an end to all the insanity by taking power in a workers socialist revolution.

Democratic Gov Andrew Cuomo of NY has no testing kits, ICUs, masks or ventilators but the deeply corrupt NY state government now sells hand sanitizer to fight COVID-19. Credit: State of New York

Outside of a handful of their think tanks the capitalists spend their days counting their billions and scheming as to how they can make even more money. The billionaires and their political hired hands never cease to regale the workers with complaints about “the evils of big government” and compete to see how much they can cut social spending so they can steal even more of your hard-earned money. What is politely called “democratic government” – which is supposed to be a means by which the politicians ensure that the national economy is made to provide the greatest good for the greatest number of people – ends up being twisted into a political and economic oligarchy in which the government is made to produce massive profits for about 10% of the population, while we in the “bottom 90%” (this is actually what the Federal Reserve banksters call the rest of the population) are left to fend for ourselves. The proof that the capitalist systems of EVERY capitalist nation-state are not just un-democratic but anti-democratic is found in the distribution of wealth: 75% of the wealth goes to the top 25% of the population and the “bottom 75%” gets to “split” just 25% of the national wealth. And the capitalists and their hired “knights of the pen” wring their hands and pretend to wonder why there is so much violence among the “lower classes”!

Percentage of aggregate wealth by wealth percentile, USA. 50% of US workers do not own ANY appreciable wealth. Top 10% owns 75% of national wealth. The US capitalist class calls this a “democracy”! Did you vote for this distribution of wealth? Source: US Federal Reserve Board

This festival of graft and corruption committed by the capitalists in every capitalist nation-state (known to Marxists as “bourgeois democratic government”) is how the world capitalist system has come to have been basically assassinated this month by the capitalist classes of the world over the emergence of a “novel coronavirus” named COVID-19. The greedheads of the government parties of the capitalist world, were until recently completely focused on the problem of how they could keep the (now-departed) economic boom going through 2020 so they could continue to rake in massive profits squeezed from the bone, sinew and brains of the workers of the world. With the vast majority of the world’s top capitalist leaders having nothing more than business school and – at best – law school backgrounds (in preparation for a lucrative career as a corporate lawyer) they were uniquely unprepared to deal with a global flu pandemic. Expecting these avaricious, thieving, murderous capitalist criminals to have spent any time at all, ever, in their entire lives working on how to respond to a major global health crisis is like expecting any gang of professional thieves to have spent their lives discussing rational economic planning. It was the very last thing that ever crossed their minds – or the minds of their predecessors, either. And that is why, the moment the COVID-19 epidemic hit, the world capitalist classes were caught on TV cameras everywhere with both hands in the cookie jar looking like Bart Simpson saying “I didn’t do it!” There they were, one minute happily stealing as much money as they could get their hands on, and the next minute they suddenly found themselves responsible for the very lives of every single human being they had been pretending to represent all their political careers! It was a shock to every one of them, and it was written plainly on their dumbstruck faces and their “deer-in-the-headlights” stares as waves of reporters shoved microphones in from of them and demanded to know “what are you and your government going to do about COVID-19?”

Government of real-estate swindler US President Donald Trump was caught completely unprepared to handle the COVID-19 epidemic, having spent two months criticizing Chinese Communist Party for *their* alleged lack of preparedness. Photo: Alex Brandon/AP

“What’s a COVID-19?” was a fair approximation of the answers we got to that question almost universally – even from the capitalist criminals who had been appointed (for purely political reasons) to lead the human services agencies of the nation. No, that’s not right: in many, many cases these people had been appointed not to lead but to dismantle the agencies they were running! This would have been very funny if it had happened in a Ben Stiller or Will Ferrell comedy; but these capitalist criminals who have been kept in power, elected and re-elected and re-re-elected by an irresponsible working class that cares more about sports than about their families’ futures are not funny at all. They’re deadly serious about robbing us all blind. And they are completely, organically incapable of giving a damn about the lives of workers, in their home countries or anywhere else. And they especially don’t give a damn about workers who they can’t profit off of – like the unemployed and the elderly retired. To the capitalists the poor, unemployed and retired elderly are a surplus population that sucks billions of dollars out of the capitalists’ pockets and gives them little or nothing in return. These are the people YOU, the stupid-ass workers of the world have put in charge of safeguarding YOUR LIVES AND THE LIVES OF YOUR CHILDREN AND GRANDCHILDREN! Admit it now: you have no one to blame for these incompetent governments that now threaten to destroy your lives but your own damned selves!

Being for the most part – like the working class itself – utterly scientifically illiterate, the capitalists and their bought-and-paid-for politicians, it turns out, had done absolutely nothing at all to prepare their capitalist nation-states to deal with the COVID-19 epidemic! Having wasted almost two months while the epidemic raged in China ridiculing the Communist Party of China’s leadership over their alleged “bungling” of their response to COVID-19, as soon as the first cases began to appear in the USA it was immediately apparent that, compared to the capitalist world’s response, China’s response was flawless! There weren’t enough hospital beds, intensive care units, face masks; no ventilators! No virus testing kits! In short, even with two whole months advance notice of the arrival of a wave of cases of COVID-19, NO ONE in ANY of the major industrialized capitalist nation-state governments was prepared to deal with the crisis!

So what did they do? What does any idiot do when they are suddenly faced with a crisis? They panicked! In spite of the fact that, by the time that the epidemic reached the shore of the US and European capitalist nation-states, it was obvious that this virus was NOT anything beyond a really nasty flu virus that, unusually, killed mainly the sick and elderly. This was completely obvious to us by mid-January. But because the Chinese “Communists” – who, since they initially didn’t know if they had the common cold or an Ebola outbreak on their hands – spared no expense and vastly over-reacted (as it turned out) in response to the outbreak, the capitalist politicians, anti-communists all, rushed to the judgment that they too had to over-react to the epidemic – for purely political reasons! And so, egged on by glory-seeking heads of national disease control labs like Dr. Anthony Fauci and Dr. Neil Ferguson of the UK, who scared the people of the world by predicting absolutely absurd beyond-worst-case-scenario death tolls like over “2 million” in the USA alone – the criminal capitalist heads of state, completely freaked out and caught flat-footed by the outbreak – began to shut down the world economy over this mere flu epidemic!

In spite of the facts that China’s COVID-19 epidemic ended in just 2.5 months – and Italy’s seems to be doing the same – and that both nations have suffered death tolls similar to their annual death tolls from the common flu – the capitalists went and shut down the global economy anyway.  Source: L’epidemiologia per la sanità pubblica
Istituto Superiore di Sanità, Italy

COVID-19 is a very nasty flu indeed, but it’s nowhere near as bad as the 1918 flu that killed millions. Here’s one example that was obvious weeks ago: unlike the 1918 pandemic flu, COVID-19 kills very few people under the age of 50. Source: Bloomberg News

How stupid was it to do this? All it takes is the math skills of a grade-schooler to figure it out. Right now (2 April 2020) the GLOBAL death toll of the COVID-19 epidemic, according the the World Health Organization, is just 45,526! In the entire world!

To a really stupid person, that might seem like a lot! But to anyone who understands the size of the world population (7.8 BILLION) and the history of flu epidemics, it’s not even a drop in the bucket.  According to the US Centers for Disease Control – the same outfit that idiot Dr. Anthony Fauci works for – this year’s “flu season” in the USA has already resulted in as many as 62,000 deaths – from the “mere” “common flu”!

Most recent US Centers for Disease Control update on mortality figures for the 2019-20 US Flu Season. It is quite probable that far more people will die from “common flu” in US this year than from COVID-19. Source: US Centers for Disease Control

In a “normal” flu season in the USA, for example, somewhere around 40,000 people die – and we never hear a peep from the government or the press until the flu season is OVER, when they give us this year’s total and we shake our heads, say “tsk, tsk!” – and get ready to watch The Big Game, right? Somehow, this annual event in which tens of thousands of us die doesn’t even make front-page headlines in a normal year – and they’re not making headlines this year either!  So what’s different about this COVID-19 epidemic? The difference is that the big death toll happened in Socialist China first; and because the “communists” massively over-reacted to their epidemic, now, for purely political “New Cold War” reasons, the capitalists – in their vast ignorance and their boundless hatred for socialism – feel that they must do the same or they’ll “lose face” in the eyes of the working class. This is nothing but a “New Cold War” political pissing contest!  And it gets even worse:

Because of the vicious anti-communist campaign against the “Communist Chinese” response to the virus – which the propaganda outlets of the US and European governments falsely portrayed as being soooo “deadly” – scared the hell out of the workers in the US and Europe, the workers are DEMANDING that the capitalists do at least as much as the Chinese government did or they’ll be subjected to the same abuse the capitalist propagandists used against the “commies”!  This is a spectacular example of how anti-communist propaganda intended to attack “communist China” has come right back like a boomerang and hit the capitalists smack between the eyes and forced THEM to destroy their own capitalist system!

Let’s put these COVID-19 death-toll numbers into a big-picture perspective. In 2015, 57,000,000 people died from all causes. That’s just how many people die in any given year. That means that about 156,000 people died each and every day that year. That would be 6500 an hour, which means that the grand total of the deaths from COVID-19 so far in the entire world – let’s round it to 45,500 – is equal to just 7 hours of a normal daily global death toll! AND THE CAPITALISTS AND THEIR BOUGHT-AND-PAID-FOR POLITICIANS OF THE WORLD DESTROYED THE WORLD ECONOMY OVER THIS! To cover their asses politically!

The much-ballyhooed “disastrous” death toll in Italy from COVID-19 – which today stands at 13,157 (according to WHO) is no different than that from the “common flu” in the 2013-2017 flu seasons in Italy during which over 17,000 people died each year! In two of the four flu seasons examined by researchers in a peer-reviewed journal article published in August of 2019 the death toll in Italy from common flu was far above the death toll reported so far from COVID-19!

Due the the enormous success of Italy’s socialized medical care system, Italians enjoy one of the highest life expectancies in the world – many years higher than in the USA. The downside of this is that Italy has an enormous population of very old and vary frail senior citizens who die every flu season. The death toll from COVID-19 is not unusual for Italy. Source: https://www.ncbi.nlm.nih.gov/pubmed/31401203


The human toll in lost and ruined lives from the capitalist-class-inflicted damage to the global economy will be many times worse than the death toll from the COVID-19 pandemic!

Today’s headlines indicate that the global death toll from the major recession that the capitalists and their political flunkies who YOU VOTED INTO OFFICE will be one of the worst of all time. In just two weeks the number of unemployment claims in the USA have reached levels never seen since the Great Depression! These idiots have “cured” a flu epidemic by shooting the world economy to death, just so they can cover their asses politically and “show those commies” how much they care for human lives!

Everything’s phony about the US capitalist state’s response to the COVID-19 epidemic. Source: New York Times

While the US capitalist class and their political tools pretend to be shining examples of the “superiority” of capitalism over socialism and as the ruling class who puts human lives ahead of profits, in spite of global appeals from the UN and almost all of the US’ allies, they have refused to end their crushing economic sanctions against Iran and Venezuela, Cuba and North Korea so that those countries can purchase the medical supplies they need to fight the COVID-19 epidemic! That’s because when it comes to the lives of workers living under governments who have dared to rebel against US imperialist neo-colonial domination – THEY DON’T GIVE A SHIT! Any worker, any government that dares to rebel against the US capitalist class is mercilessly crushed, by any means necessary – in the name of “Freedom(TM)” and “Democracy(TM)”! They have proven time and time again that when it comes to the lives of workers – especially Black, Hispanic and Asian workers – they are prepared to kill as many as they feel is necessary in order to stop socialists of any kind from overthrowing the capitalist system and putting an end to misery of a life lived in crushing poverty under ruthless exploitation imposed by the capitalist class! And the sickest thing about this is that YOU – US workers – allow the US capitalist class to do this to your working-class and peasant sisters and brothers all over the world!

The tail wags the dog: US capitalist class anticommunist propaganda operation against China ends up forcing them to apply the coup de grace to the world capitalist system. Source: US Department of Labor

The US working class has had it pounded into their heads by the US capitalist class and their bought-and-paid-for bourgeois press that “it’s better to be dead than Red.” Right now, perhaps, you’re finally beginning to wonder if that makes any sense. It’s literally true that, for the working class, if we don’t “go Red” we’ll ALL be dead! It’s obvious even to a dog that it’s not wise for us as workers to just sit back and “let the rich run things” – because they very clearly don’t give a shit about us!

In fact, under a revolutionary socialist government like the one we at IWPCHI propose, first of all, we’d have a socialized medical system that would provide comprehensive health care to everyone from birth to death at no charge. Under socialism, all higher education would also be paid for from the national budget – there’d by no economic obstacle as there is under capitalism for those who have what it takes to be doctors, nurses and other medical professionals.

Just by covering all the millions of US citizens who now have no health care, we’d be required to build a lot of hospitals and to train a lot of medical professionals. That means we’d have many more intensive care units than we have right now – and the doctors and nurses to staff them.

Under socialism, defending the interests of the entire working class would be the primary purpose of the government. Instead of reacting to crises, we would prepare for them and maintain stocks of all the necessary medical equipment to overcome challenges like COVID-19 and worse. We’d maintain permanent stocks of equipment strategically located around the country so when an epidemic hits the materials needed to fight it would be on hand and ready to be shipped immediately. This is just a matter of simple logistics under socialism; under capitalism it’s simply not profitable to do all this – so it never gets done. We’ve seen the US Government drop the ball over and over again with crises from earthquakes to hurricanes to epidemic diseases. In their diseased minds, ruined by greed, the capitalists simply can’t make enough money preparing for disasters to make it worth their while to do so.

The good news is that you, the working class, have the power to change all this; in fact if you don’t do it, it will never happen! All it will take to get started building a better future for you and your families is to decide right now that you’re never going to vote for a pro-capitalist politician ever again, and then to build a revolutionary socialist political party and fight to take over every major local, state and national political office. This will not take forever. From the time the Republican Party was first formed to the time it won its first Presidential election took about 12 years – and THEY didn’t have the Internet! We can do it in 8, tops. As soon as we have even a handful of seats in Congress we can start shutting down all the vicious legislation being hurled at us by the Republicrats and can start pushing for a socialist workers government. The longer we wait the more of us will die unnecessarily in natural disasters like hurricanes, earthquakes and this COVID-19 epidemic.

Dump The Republicrats! Build A Workers Party! Fight For A Workers Government! Fight For A Socialist Future! THERE IS LITERALLY NO FUTURE FOR THE WORKING CLASS UNDER CAPITALISM!