Selected Articles: COVID-19: Closing Down the Economy Is Not the Solution

Video: COVID-19: Closing Down the Economy Is Not the Solution

By Prof Michel Chossudovsky, April 21, 2020

While the lockdown is presented to public opinion as  the sole means to resolving a global public health crisis,  its devastating economic and social impacts are casually ignored.

The unspoken truth is that the novel coronavirus provides a pretext to powerful financial interests and corrupt politicians to precipitate the entire World into a spiral of  mass unemployment, bankruptcy and extreme poverty.

A Government Against the People

By Philip Giraldi, April 21, 2020

The 24/7 intensified media coverage of the coronavirus story has meant that other news has either been ignored or relegated to the back pages, never to be seen again. The Middle East has been on a boil but coverage of the Trump administration’s latest moves against Iran has been so insignificant as to be invisible. Meanwhile closer to home, the declaration by the ubiquitous Secretary of State Mike Pompeo that current president of Venezuela Nicolas Maduro is a drug trafficker did generate somewhat of a ripple, as did dispatch of warships to the Caribbean to intercept the alleged drugs, but that story also died.

Iran Defies American Naval Power

By Lucas Leiroz de Almeida, April 21, 2020

Iran is already beginning to challenge American naval power. The country recently reported on the development of an advanced mapping and communication network for submarines. The network consists of a complex wireless communication system called “Waza” and integrates an entire national defense project: with land and sea forces inferior to those of enemy countries, such as the United States, Iran invests in its submarine power, since it has several different classes, many of which were built by Russia decades ago and are still capable of venturing into distant waters.

The Gates Foundation’s Vaccination Activism

By Eric Wagner, April 21, 2020

In the corona crisis, billionaire Bill Gates makes a high-profile appearance as a vaccination activist. The essence: a vaccine is the solution, it is only a matter of implementation. According to Gates, the G20 should now “address the logistics of a global immunisation project”. There seems to be little interest in further discussions and the consideration of alternatives. Time is pressing and people are relying on Gates, who had identified the danger of a pandemic early on and would therefore know what to do. How justified is this trust?

Desertions in the Desert: US Mercenaries at Syrian Base Are Leaving

By Steven Sahiounie, April 21, 2020

The last Syrian ‘rebel’ unit on the US payroll is dissolving by desertions.  A former senior officer in the US-backed mercenary unit Maghaweir al-Thowra (MAT) deserted his unit in Syria on April 14.  Samir Ghannam al-Khidr deserted the Eastern Syrian desert along with his whole family and 26 armed men.  The convoy was subject to a video on social media, which showed 8 pickups, 1 truck, 11 small arms, including 5 M-16 rifles, 4 large-caliber machine guns, 5 grenade launchers and 6-7 thousand rounds of ammunition.  All of the vehicles and weaponry were US military property. Al-Khidr left the illegal US base at Tanf, which is home to about 200 US soldiers, and about 100 mercenaries of MAT. Previous desertions occurred in early April.

Coronavirus Capitalism: Entrenching Dispossession and Dependency

By Colin Todhunter, April 21, 2020

Things in the US hardly merit optimism for radical change either. The Federal Reserve estimates over 47 million will lose their jobs in the US, taking unemployment to almost a third of the labour force. This is more than during the Great Depression of the 1930s. However, in a series of short explanatory films for the layperson, analyst John Titus shows that US capitalism and the privately owned Fed are not going to change their spots: Wall Street and its top executives will continue to enrich themselves, while the public will suffer throughout the duration of lockdown, which could persist in various forms for 18 months.

As US Shale Oil Plunges, Trump Admin Takes Aim at Venezuela

By Whitney Webb, April 21, 2020

With oil extremely cheap at the moment, some of the issues raised by shale oil bankruptcies are not necessarily of immediate concern while demand remains low. Yet, if enough U.S. domestic oil producers go bankrupt, once current lockdowns are relaxed and oil demand creeps back up to relatively normal levels, there will be less domestic oil available, despite the SPR. As a result, the U.S. will again have to look more to other countries in order to make up the difference. Though the media thus far has explored the economic effects of this eventuality, less attention – if any – has been given to how it will impact U.S. foreign policy.

The Agribusiness Model Is Failing

By F. William Engdahl, April 21, 2020

The imposition of unprecedented mass quarantine, school and restaurant closings, factory closings across most of the world is putting the focus on the alarming vulnerability of what is a global food supply chain to severe breakdown. Before the lockdown an estimated 60% of all food consumed in the United States today was consumed outside the home. That includes in restaurants, fast food places, schools, in university cafeterias, company cafeterias and the like. That has now been all but shut since March, creating huge disruptions to what had been a well-organized supply chain delivery. Large restaurants or company cafeterias receive supplies of everything from butter to meat in entirely different volumes and packing than a retail supermarket. A major vulnerability exists in the mammoth agribusiness concentrations known as CAFOs or Concentrated Agriculture Feeding Organizations.

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