Economy

The International Monetary Fund has rejected Venezuela's appeal for an emergency US$5 billion loan to face the coronavirus health crisis, reports Ricardo Vaz.

It is amazing what can be achieved by a potentially uncontrollable pandemic that doesn’t discriminate between rich and poor, doesn’t respect national boundaries and will destroy a global economy quicker than I’ll destroy a bottle of gin if forced to stay at home without sport to watch for more than a day, writes Carlo Sands

The priorities of the federal government’s stimulus package are not only wrong — they will not work. Lisbeth Latham argues the focus must be on protecting incomes.

Little more than 10 years after the Global Financial Crisis, the world economy faces another crash. Last time, the trigger was so-called “sub-prime” mortgages; but this time, it is a virulent virus — COVID-19 — writes Graham Matthews.

Blame for the dramatic fall in international stock markets in the last week of February has widely been pinned on the COVID-19 outbreak. However, the likelihood of a stock market crash was in place well before the virus emerged, writes Neville Spencer.

In Kochland, Charles Leonard gives us a glimpse of a company that has built itself into every aspect of US life while avoiding any accountability or transparency, writes Alex Salmon.

The movement against Emmanuel Macron's pension reforms is entering a new phase. Lisbeth Latham takes a look at this historic movement.

Banks are hated for good reasons: they rip off and abuse ordinary customers while helping their richest clients spirit away ill-gotten gains. They help keep the poor poor while making the rich even richer, writes Peter Boyle.

A survey released on the eve of the World Economic Forum has found that just 18% of people believe capitalism is working for them.

Unsurprisingly, the poll, conducted by public relations firm Edelman, also found that trust in capitalist institutions remains higher among "wealthier, more educated, and frequent consumers of news” than the mass population.

According to the report, "distrust is being driven by a growing sense of inequity and unfairness in the system".

The cracks in Prime Minister Emmanuel Macron's neoliberal government are beginning to show and the strikes are continuing to broaden, writes John Mullen.

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