{"id":156561,"date":"2020-03-23T12:00:26","date_gmt":"2020-03-23T12:00:26","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=156561"},"modified":"2025-01-10T15:12:18","modified_gmt":"2025-01-10T15:12:18","slug":"coronavirus-capitalism-and-how-to-beat-it","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2020\/03\/coronavirus-capitalism-and-how-to-beat-it\/","title":{"rendered":"Coronavirus Capitalism \u2014 and How to Beat It"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Coronavirus Capitalism \u2014 and How to Beat It\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/niwNTI9Nqd8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><em>16 Mar 2020 &#8211; <\/em>I\u2019ve spent two decades studying the transformations that take place under the cover of disaster. I\u2019ve learned that one thing we can count on is this: During moments of cataclysmic change, the previously unthinkable suddenly becomes reality. In recent decades, that change has mainly been for the worst \u2014 but this has not always been the case. And it need not continue to be in the future.<\/p>\n<div class=\"PostContent\" data-reactid=\"205\">\n<div data-reactid=\"217\">\n<p>This video is about the ways the still-unfolding Covid-19 crisis is already remaking our sense of the possible. The Trump administration and other governments around the world are busily exploiting the crisis to push for no-strings-attached corporate bailouts and regulatory rollbacks. Treasury Secretary Steven Mnuchin is moving to <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2020\/03\/15\/us\/politics\/coronavirus-economy-dodd-frank.html\" >repeal<\/a> financial regulations that were introduced after the last major financial meltdown, as part of the 2010 Dodd-Frank Act. China, for its part, is <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-china-environment\/china-to-modify-environmental-supervision-of-firms-to-boost-post-coronavirus-recovery-idUSKBN20X0AG\" >indicating<\/a> that it will relax environmental standards to stimulate its economy, which would wipe out the one major benefit the crisis has produced so far: a marked <a target=\"_blank\" href=\"http:\/\/www.g-feed.com\/2020\/03\/covid-19-reduces-economic-activity.html\" >drop<\/a> in that country\u2019s lethal air pollution.<\/p>\n<p>But this is not the whole story. In the United States, we have also seen organizing at the city and state levels win important <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2020\/03\/16\/us\/cities-suspend-evictions-coronavirus-trnd\/index.html\" >victories<\/a> to suspend evictions during the pandemic. Ireland has announced six weeks of emergency unemployment payments for all workers who suddenly find themselves out of work, including self-employed workers. And despite U.S. presidential candidate Joe Biden\u2019s claims during the recent debate that the pandemic has nothing to do with Medicare for All, many Americans are suddenly realizing that the absence of a functioning safety net exacerbates vulnerabilities to the virus on many fronts.<\/p>\n<\/div>\n<p><a target=\"_blank\" href=\"https:\/\/theintercept.com\/collections\/the-coronavirus-crisis\/\" class=\"InstreamPromo InstreamPromo--promo\" ><span class=\"InstreamPromo-image\"><span class=\"InstreamPromo-image-block\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/theintercept.imgix.net\/wp-uploads\/sites\/1\/2020\/03\/GettyImages-1206948638-coronavirus-1584129093-promo.jpg?auto=compress%2Cformat&amp;q=90&amp;fit=crop&amp;w=440&amp;h=220\" alt=\"The Coronavirus Crisis\" \/><\/span><\/span><\/a><\/p>\n<\/div>\n<div class=\"PostContent\" style=\"text-align: center;\" data-reactid=\"205\">\n<p><a target=\"_blank\" href=\"https:\/\/theintercept.com\/collections\/the-coronavirus-crisis\/\" class=\"InstreamPromo InstreamPromo--promo\" ><span class=\"InstreamPromo-text\"><span class=\"InstreamPromo-text-callout\">Read Our Complete Coverage &#8211; <\/span><span class=\"InstreamPromo-text-title\">The Coronavirus Crisis<\/span><\/span><\/a><\/p>\n<div data-reactid=\"219\">\n<p>This crisis \u2014 like earlier ones \u2014 could well be the catalyst to shower aid on the wealthiest interests in society, including those most responsible for our current vulnerabilities, while offering next to nothing to the most workers, wiping out small family savings and shuttering small businesses. But as this video shows, many are already pushing back \u2014 and that story hasn\u2019t been written yet.<\/p>\n<p><em>____________________________________________<\/em><\/p>\n<p style=\"padding-left: 40px;\"><em><a href=\"https:\/\/www.transcend.org\/tms\/wp-content\/uploads\/2015\/02\/naomi-klein.jpg\" ><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-54303\" src=\"https:\/\/www.transcend.org\/tms\/wp-content\/uploads\/2015\/02\/naomi-klein-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><\/em><em>Naomi Klein is the award-winning author of the international bestseller, <\/em>No Logo: Taking Aim at the Brand Bullies<em>, translated into 28 languages. She writes an internationally syndicated column for <\/em>The Nation<em> magazine and the <\/em>Guardian<em> newspaper. She is a former Miliband Fellow at the London School of Economics and holds an honorary Doctor of Civil Laws from the University of King&#8217;s College, Nova Scotia. Her book <\/em>The Shock Doctrine: The Rise of Disaster Capitalism <em>was published worldwide in 2007.<\/em><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/theintercept.com\/2020\/03\/16\/coronavirus-capitalism\/\" >Go to Original &#8211; theintercept.com<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>16 Mar 2020 &#8211; I\u2019ve spent two decades studying the transformations that take place under the cover of disaster. I\u2019ve learned that one thing we can count on is this: During moments of cataclysmic change, the previously unthinkable suddenly becomes reality. In recent decades, that change has mainly been for the worst \u2014 but this has not always been the case. And it need not continue to be in the future.<\/p>\n","protected":false},"author":4,"featured_media":54303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[239,232,244,1829,354,1698,710,1873,1864,1102,304,1447,1872,339,124,1836,75],"class_list":["post-156561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capitalism","tag-brics","tag-capitalism","tag-china","tag-coronavirus","tag-economics","tag-epidemics","tag-health","tag-naomi-klein","tag-pandemic","tag-public-health","tag-science","tag-science-and-medicine","tag-shock-doctrine","tag-trade","tag-united-nations","tag-who","tag-world"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/156561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=156561"}],"version-history":[{"count":1,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/156561\/revisions"}],"predecessor-version":[{"id":284924,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/156561\/revisions\/284924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media\/54303"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=156561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=156561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=156561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}