Economics/Class Relations

Will coronavirus kill America’s economy? Murray Sabrin explains.

A relevant quote from the comments thread:

“Capitalism requires the State in order to operate. The modern state has been reconfigured to serve neoliberal needs. Also the govt is not a household, it is the Bill Gates of the economy . When the govt cuts spending it impacts spending in the private economy. Plus the financialisation of the economy means Capital is free to operate outside borders & is not required to invest in its country of origin. Tax cuts benefit owners of Capital. There is no guarantee that they will invest domestically.”

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