Globalization and the Pandemic

The conflict between the interests of the people and the dictates of finance, which underlies the entire phenomenon of globalization and characterizes the entire era of globalization, has come to a head with the current pandemic. The need to reach help to the working people during the pandemic, when they are without employment and income owing to the lockdown, is urgent; but the dictates of finance, which frowns on taxing the capitalists or resorting to an enlarged fiscal deficit, stand in the way of doing so. The contradiction between the dictates of finance and the interests of the people has thus become absolutely acute during the pandemic.