Trump’s catastrophic miscalculation in Iran and refusal to accept the inevitability of defeat is pushing us towards a global depression and ensuring the suffering and immiseration of millions.
Chris Hedges: Trump’s Iranian Nightmare
Tag: Depression
Vijay Prashad: Dealing Arms or Healing Minds?
As poorer nations spend about 6.5 percent of export revenues servicing external debt, while world military and police spending skyrockets, it’s unlikely most countries will have the political will to shift priorities from social destruction to social care.
COVID-19: How Germany is Managing its Outbreak & Reacting with Disdain to Trump’s Policies
A “short time” system, which proved highly successful during the Great Recession of 2008-2012, is being used to prevent a wave of unemployment, Klaus W. Larres reports.
COVID-19: What the Different Reaction to the Great Depression and the 2008 Recession Can Tell Us Today
In contrast to the Depression, the Great Recession exacerbated both income and wealth inequality, say Ken-Hou Lin and Megan Neely.