Covid 19 - the end of Capitalism?

Socialism is saving the day when everyone is in danger

Where's it doing that then? Increased public spending in a state which retains a capitalist economy is not socialism.

Socialist ideals then.

, how long before it slips to me me me again

I suspect it will slip a bit though thinking about how the Welfare State came about after ww2 when people realised the potential for the state to create a safety net

Some things will change, like would it be wise for the goverment to re issue rail franchises again.

There will also be many ex workers who may have supported austerity measures targeting 'scroungers' unlike them, now being forced to live on £94 a week.

The Boogie

...and the Movistar DS. He has a lot to answer for.

In the end it will be the nurses/nhs just like the blame was placed on to the firefighters at grenfel.

Capitalism and being a tory donor seem to be working well for Dyson and his untested/unproven ventilators over companies that make proven ventilator that offered to produce more to cope.

brexilators tho.

how much 2 ship from malaysia fam?

+rep

Yeah ^^ rep on brexilators

Important message from XR on eco fascism.

https://twitter.com/XRebellionUK/status/1244371379597836290

We never had 'pure capitalism' in this country; certainly it is indeed 'capitalism for the many' such as disabled people who are subjected to humiliating and degrading 'fitness to work tests', etc but we have always had the government going out of their way to intervene on behalf of or bail out specific 'friends' e.g.:

1. The banking bailouts of 2008
   
2. Farming subsidies
   
3. 'Golden shares' over 'strategic' industry e.g. the nuclear and arms industries https://www.dentons.com/en/insights/articles/2016/november/24/new-barriers-to-foreign-investment-in-uk-strategic-infrastructure
   
   

So for me the real question is to what extent the system will be shaken up.

The antonym of 'capitalism' is not necessarily 'socialism'. During my last degree I spent a lot of time studying the Republic of Korea. In the 1950s Korea was a destitute agrarian country in which the majority of people scraped a living farming dirt in squalid living conditions with no industry. By 2020 it is a world leader in electronics, shipwrighting and much else. This happened within a capitalist system but with a heavy handed, indeed draconian, government run by military generals. https://en.wikipedia.org/wiki/Miracle_on_the_Han_River

Basically the generals oversaw what we would broadly term a capitalist system but with strong-arm regulation from the central government. If the corporates didn't live up to their promises of 'creating development', they would be for it.

This is not to praise Park at all. His regime was uncompromisingly brutal, neglectful to the country's worst-off, and the legacy continues in Korea having some of the worst health and safety performance in the "developed world".

My expectation is that you won't see Tories nationalising the means of production and exchange. But they might take a leaf out of Park's book. To be honest they pioneered protectionist interventions in the economy long before karl marx https://en.wikipedia.org/wiki/Corn_Laws

The antonym of 'capitalism' is not necessarily 'socialism'.

You make a good point.
There will be many antonyms of capitalism depending on the individual's core understanding of the world. For me Anarcho-Syndicalism is the antonym (Or some-days it's a Cooperative Economic system)

Anarcho-Syndicalism

Haven't heard anyone, (other than myself) use that phrase since the very early '80s
at the University of Bristol Union.

What an awful way of conveying it though, transcript available somewhere?

I use that phrase almost daily atm

Name of next door's cat?
'Get off my seedlings Anarcho-Syndicalism!'

I can never hear it without being reminded of Monty Python and the Holy Grail. 'Help, help, I'm being repressed!'

That reminds me,
I have a Monty Python box set ripped onto the home server.
That'll solve a few hours of C-19 lockdown.

A long way from the end of Capitalism but maybe a shift is in the air when the FT is promoting wealth tax and UBI in an editorial:
https://www.ft.com/content/7eff769a-74dd-11ea-95fe-fcd274e920ca

Radical reforms — reversing the prevailing policy direction of the last four decades — will need to be put on the table. Governments will have to accept a more active role in the economy. They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure. Redistribution will again be on the agenda; the privileges of the elderly and wealthy in question. Policies until recently considered eccentric, such as basic income and wealth taxes, will have to be in the mix.

Well, it's about time.

Is there any chance someone with an FT subscription could send this to me please? From all the screenshots I've seen it now looks as though the FT is to the left of the Labour party's last manifesto..

Pm'd

Is there any chance someone with an FT subscription could send this to me please? From all the screenshots I've seen it now looks as though the FT is to the left of the Labour party's last manifesto..

If you c&p all the numbery bits in to google, it gets around the paywall

Nice one both, thanks.

Nah, debt won't pay itself
https://www.theguardian.com/world/2020/apr/12/coronavirus-chaos-could-strengthen-chinas-debt-hold-on-struggling-nations