The stinginess of the Philippine government’s COVID-19 response only reflects how thoroughly the state has internalized its role as prioritizing the interests of capital over the working classes. It is not spending what needs to be spent on COVID-19 containment, health measures, assistance to distressed families and small enterprises, and others.
Carinderia vendors and consumers considerably lean on each other to combat the threat of food insecurity, but several vendors also stressed that they can’t hold on long enough and hope to receive subsidies from the government.
By BENJIE OLIVEROS Bulatlat.com MANILA — News about the world economy have been bleak once again for the nth time in the past few years since the housing bubble imploded in 2007–2008, which sent financial investment houses and banks on the brink of collapse and further worsened the situation of the stagnant industrial manufacturing sector.…
By BENJIE OLIVEROS Bulatlat.com In 2008, when the economic crisis hit the US, newly elected President Barack Obama unveiled a stimulus package that bailed out the erstwhile “too big to fall” financial investment houses and banks. This went on for years with the US government implementing two rounds of quantitative easing measures. But these have…
By JANESS ANN J. ELLAO
“We are workers, we are not slaves. It is time for labor power to lead and guide the world for it gives and sustains life, unlike finance capital which is a grave-digger of both human life and nature.”
By BENJIE OLIVEROS Bulatlat.com There seems to be no relief in sight , even temporarily, to the world economic crisis that imploded in 2008. While economists declare every seemingly positive sign, such as an increase in stock prices or in consumption expenditures, as the start of economic recovery, they have been disproven time and again…
By INA ALLECO R. SILVERIO
Governments in Europe are responding to the world economic crisis by tightening control by the European Union and forcing an intensified implementation of neo-liberal measures to compete with the US. Hard-hit by these measures are the working people who are now rising up, conducting massive strikes and protest actions.
Bulatlat.com The 7.9% growth in gross domestic product (GDP) is welcome at least for appearing to be mainly driven by domestic investors, according to research group IBON. Net foreign capital inflows in the first five months of 2010 were earlier reported to be 68% lower than in the same period last year. However, the group…
By LUIS TEODORO LuisTeodoro.com/Business World Posted by Bulatlat.com WHEN Barack Obama was elected US President in 2008, hopes ran high that change was forthcoming both in the United States itself as well as abroad. Obama would decisively address the economic crisis at home, reduce the unemployment rate by creating the conditions that would generate jobs,…
The world has once again celebrated International Labor Day this May 1st. This year’s May 1 celebration has assumed greater significance as the world economic crisis wreaks havoc on people’s lives especially the working class. Workers all over the world have been losing their jobs. What should workers do to address their worsening situation? Should…
Protesters Blame US for Economic Crisis
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