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In the latest episode of Marxist Voice, a series of livestreams created by the British Marxists at Socialist Appeal, Rob Sewell (editor of Socialist Appeal) discusses the global economic crisis that has been triggered by the coronavirus pandemic.

The Trade Union Block of the Social Unity in Chile has demanded that the government introduces an immediate preventative quarantine to fight the spread of Covid-19, otherwise, it will call a “humanitarian general strike” in order to shut down all economic activity “which is not essential for the maintenance of health and life”. Meanwhile the hated Piñera government is attempting to use the health emergency to put an end to the five month old uprising.

The coronavirus crisis has had immense impacts on the airline industry, which is now on its knees. Billionaires like Richard Branson are calling for government handouts to keep their companies afloat. We say: nationalise without compensation!

The following statement by the International Marxist Tendency explains how capitalism has utterly failed to deal with the coronavirus crisis, and is putting the lives of millions of people at risk. In such a situation, half measures and tinkering with the system are futile. Only drastic measures will suffice to avert the impending disaster.

In response to the coronavirus pandemic, many governments are nationalising key industries and services. British Prime Minister Boris Johnson, however, has relied solely on the market. Profit is standing in the way of an effective response to this crisis.

Faced with the spread of the coronavirus in France, the government and mainstream media are calling for national unity. But this hollow slogan, however many times it is repeated, cannot indefinitely hide the class contradictions that are becoming more apparent each day.

The COVID-19 pandemic has plunged American society into panic and dismay. All fifty US states and Washington, DC have now confirmed cases of the novel coronavirus, and the death toll is rising by the hour, after surpassing 150 deaths on March 18. Public health officials worry the US has reached a tipping point and may fast approach the situation seen in Italy, where hospitals are overwhelmed and the entire country is locked down. Dr. Carlos Del Rio, a professor at Atlanta’s Emory University School of Medicine, recently told CNN: “I’m really worried about … having the worst possible combination: too many patients; too (few) doctors, nurses … to take care of them.”

Europe is facing its greatest emergency since World War II. It is important that we follow the requests of the health authorities and physically isolate ourselves. We support this measure in content and practice. But we are on the side of working people. Our programme represents the practical will and the social interests of those who keep this country running, even in times of crisis. We sharply criticise the managers and bosses, who even now continue to force workers to do non-essential work.

The morning shift of a metalworking factory in Linz-Bindermichl, Linz went on coronavirus strike on 18 March, according to news website laumat.at. Strikers in Linz protested outside their factory gates on 18 March against the bosses’ irresponsible behaviour. Management refused to take any security precautions against the possibility of infection with the Coronavirus whatsoever. The workers ended their strike “under protest”, and took up tools after around two hours, when foremen and the factory committee jointly broke the strike.

Join us TONIGHT (18 March) at 6pm GMT as we conduct a live interview with Claudio Bellotti, editor of the Italian Marxist newspaper Rivoluzione. We will be discussing the impact of the coronavirus outbreak in Italy, as well as the ongoing strike wave in many parts of the country. You can watch a previous video of Claudio talking about the emergency here. Watch the video, posted below, right here on marxist.com!

In the depths of the 2008 crisis, Beijing rescued world capitalism. The fiscal stimulus they carried out was the largest in world history, at over £500bn. Had it not been for this stimulus, and the global demand it created for raw materials and other goods China needed as a result, the financial crisis would have been an all-out depression. The crisis unfolding before our eyes is far more serious than that of ten years ago. Yet this time, China will not be able to rescue the world, let alone its own economy.

The coronavirus crisis has shattered the lauded Portuguese "boom", which is based primarily on the now-crippled tourism industry, and exposed the fragility of this backward European economy. Portuguese workers must follow the example of their class brothers and sisters in Italy and Spain, who have met the bosses' attempts to make them choose between health and pay, with strikes and class struggle!

Note: The situation in Portugal has moved on quickly since this article was written. Confirmed COVID-19 cases have almost tripled since the weekend and the country has experienced its first deaths. The President is set to declare a state of emergency which will involve

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There are some people who leave an indelible mark on the lives of everyone they ever met. To have known such a person is something that enriches one’s life and makes it a fuller and more rewarding experience. The passing of such individuals always leaves an immense empty space that can never be filled.