Category Archives: News & Analysis

As the death toll climbs and the Stock Market falls, what is the socialist perspective on the COVID-19 crisis? The capitalists have had their chance to fight this pandemic; we can do better! Read about the looming recession, workers resistance, and the need for a party of the working class in the time of COVID-19.

The devastating consequences of the COVID-19 pandemic, and the unprecedented economic global capitalist crisis which it triggered, has continued to ravage all continents. It could cause the onset of one of the deepest recessions, with elements of depression, in the history of capitalism.

In this unprecedented time of the Covid-19 pandemic and rapid economic collapse, the Committee for a Workers’ International (CWI) believes that capitalism and the ruling classes cannot be trusted to defend and provide for the vast majority on the planet.

There are genuine concerns among many people about the effects of a prolonged lockdown on jobs, mental health, education and domestic abuse. But here, as in other countries around the world, it is big business and their representatives in government who are baying the loudest for a way out of lockdown – and their main concern is not the health and welfare of working people but preserving their profits.

Nothing will ever be the same again after this crisis. But we know from the 2008-09 world economic recession, the bank bailouts and the vicious austerity that followed, that the capitalists will be looking once again to make us foot the bill.

Presently, there is no escape from the impact of the coronavirus pandemic. The world is going through a huge turning point. Tens of thousands have died and tens of millions have lost their jobs and livelihoods, often plunged into debt or left without money to buy food and other essentials. In country after country, life and the economy, especially in urban areas, have almost come to a complete halt. As the virus continues to spread its impact on health, economic and social life deepens.