Coronavirus: A Capitalist Crisis

By Richard D. Wolff

The catastrophe demonstrates the results when public health is subordinate to private profit and to a governmental apparatus that adulates the superiority of private over public administration.

Consider the gross failure of the U.S. private, profit-driven, capitalist medical- industrial complex (four industries: doctors, hospitals, drug and device makers, and medical insurance firms). They decided not to prepare for a serious virus problem. Will so huge a failure finally tip U.S. ideology and politics in favor of socializing health care? Will the parallel preparatory failure of the U.S. government, long captured by its corporate donors in general and those in the medical-industrial complex in particular, boost a resurgent U.S. socialism? Or will a traumatized, socially distanced population turn rightward instead to a dictator for salvation from a clearly out-of-control crisis?...

Read the full article in Dollars & SenseĀ 

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  • Liz Phillips
    published this page in Updates 2020-03-30 04:49:08 -0400