The Economic and Political Consequences of the COVID-19 Pandemic

Abstract

The COVID-19 epidemic has triggered a twin (health and economic crisis). The first is caused by the "metabolic rift" (capitalism's uncontrollable and insatiable commodification of nature) that leads to the modern "emerging epidemics" of zoonoses. The economic crisis was already simmering but lockdowns triggered and aggravated its eruption. Furthermore, it argues that socialism is better equipped to confront health crises due to its superior state economic capacity, better coordination mechanisms and focus on the well-being of the labouring classes' majority of society. Additionally, this commentary explains that this twin crisis will aggravate the current state of intra-imperialist conflicts and will intensify the process of "de-globalisation." Confronting this situation the Left and the Communist movement should not become subservient to intra-bourgeois conflicts (as antineoliberalism argues) but pursue class politics against capitalism and at the same time fight so as the burden of the crisis is paid by capital and not labour.

Economic growth and labour market in the European Union: lessons from COVID-19

“…However, academic and empirical studies have argued that the COVID-19 pandemic has caused an unprecedented economic crisis in the modern world (Altig et al, 2020;McKibbin & Roshen, 2021). The current research takes its cue from the literature mentioned herein and other prominent papers on the topic, including Mavroudeas (2020), Priya (2020), Ruiz Estrada (2021), Jawad et al (2021), Pinilla et al (2021), Gavrilovic and Vucekovic (2021) and Zhang et al (2021b). Khan et al (2021) used descriptive analysis to investigate the impact of the COVID-19 pandemic on economic variables and concluded that the pandemic has transformed into an economic and labour market crisis and will have a long-run impact on the labour market.…”

SMILES-based 2D-QSAR and similarity search for identification of potential new scaffolds for development of SARS-CoV-2 MPRO inhibitors

“…Moreover, an indefinite number of patients have neurological, physical, and psychological sequelae. In addition to the damage to public health worldwide, this pandemic has also caused severe economic and political consequences [ 2 ], as have not been seen in society for a long time. The European continent stood out as the region with the highest number of cases (over 224.4 million), while the Americas had the highest number of deaths (over 2.75 million) [ 1 ].…”