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What the intersection of Covid and climate crisis means for capitalism

I can’t stop thinking about this James Meadway piece reflecting on what he terms our new age of scarcity. The fundamental point he is making is a simple one, concerning the environmental shocks which are increasingly ubiquitous. There is a tendency to see each of these as exceptional but the routine occurrence of once exceptional events means we urgently need to stop framing them as exceptional.

The neoliberal social contract

From Aaron Bastani’s Fully Automated Luxury Communism loc 373: While neoliberalism, which emerged with the Thatcher and Reagan governments, led to higher unemployment and lower wage growth, for more than a generation this was mitigated by access to cheaper goods and services–by relocating production to countries with lower wages–as well […]