The pillars of capitalist rule such as the IMF, World Bank and EU are announcing extraordinary economic measures to deal with the economic and social consequences of the Covid-19 crisis that will affect the balance of class forces and struggle and vice versa.
The world economy is being shaken as never before. 2.7 billion workers around the world — 81 percent of the labour force — are under lockdown or travel bans. Hundreds of millions risk acute starvation. And yet, no one knows how deep or long-lasting the depression will be.
Boris Johnson’s latest update on the government’s fight against the coronavirus pandemic, attempting to outline a ‘road map’ toward moving the country out of lockdown, has left many people in Britain confused. According to a YouGov poll, only 30% of people feel they understand the new slogan of “Stay alert, control the virus, save lives”.