CORONAVIRUS LAYS BARE THE DIFFERENCE BETWEEN PUBLIC AND PRIVATE HEALTHCARE

Morning Star - This coronavirus is no small problem. Today the FTSE 100 index fell in minutes more than 8 per cent. By the loopy logic of capitalism — which values enterprises not by the contribution they make to the productive economy but by the value which capitalists place on their shares — billions were wiped of their “value.” Already business commentators are calling it Black Monday. Among their wailing we hear that this is the worst day for confidence in capitalism since the last (2008) crisis of the financial system. The consequences of that crisis is that we have suffered more than a decade of austerity as our tax money has been used to bail out the banks while wages have stood still and public spending has slumped. Another is that the finance ministers and central banks of the capitalist...>>>