Capitalism’s lost generation: young people “drowning in insecurity” A revealing new report shows how the crisis of capitalism is robbing an entire generation of its future, especially in the wake of the COVID-19 pandemic, which has deepened and exacerbated the system’s senile decay.
IMF predicts a recovery... for the rich nations only Earlier this month, the IMF and the World Bank held their second series of meetings since the outbreak of the pandemic. Despite the unspeakable horrors that millions are facing, here the mood was one of celebration and optimism. The world economy is moving again, and even faster than they had hoped for!
For want of a microchip, the empire is lost At a White House dinner on 24 February, Joe Biden held up a microchip and recalled a popular saying: “Remember that old proverb: for want of a nail, the shoe was lost; for want of a shoe the horse was lost.” And – as the proverb goes – without the horse, the messenger was lost; without his message, the battle was lost; and so on until, eventually, the empire itself was lost. For the empire which is the United States, that nail – according to Biden – is the microchip.
