Over a century later, and over two decades after the 1997-1998 Asian financial crisis exposed the systemic financial fragility creating conditions for the 2008-2009 global financial crisis, the reluctance to learn from the East continues, ignoring Prophet Muhammad’s advice to ‘seek knowledge, even unto China’.
It is important for American journalists to combat these misperceptions, so that the US can learn from China’s response on how to better deal with the current crisis—saving lives in this as well as future pandemics, as well as reducing tensions between the nuclear powers US and China.
The U.S. economy and society at the start of 2021 is more polarized than it has been at any point since the Civil War. The wealthy are awash in a flood of riches, marked by a booming stock market, while the underlying population exists in a state of relative, and in some cases even absolute, misery and decline. The result is two national economies as perceived, respectively, by the top and the bottom of society: one of prosperity, the other of precariousness. ... Comprehending the basic parameters of today’s financialized capitalist system is the key to understanding the contemporary contagion of capital, a corrupting and corrosive cash nexus that is spreading to all corners of the U.S. economy, the globe, and every aspect of human existence.
The COVID-19 pandemic is spreading through federal prisons. As of December 27, the Correctional Service of Canada (CSC) has reported 952 positive cases and two deaths among federal prisoners. The outbreaks show no sign of slowing down anytime soon.
The US Congress’ $900 billion Covid-19 relief bill was packaged with $1.4 trillion in omnibus spending that includes tens of billions for war, weapons, and regime change abroad, from anti-Russia and anti-China initiatives to $3.3 billion for Israel’s military.
'Another, probably more severe pandemic has been predicted. Scientists know how to prepare, but someone must act. If we choose not to learn the lessons that are right before our eyes, the consequences will be dire.'
"As of 11 a.m. Monday, Ontario has 15,824 confirmed or probable cases of COVID-19 and 962 deaths. ... According to the Star’s most recent count, at least 754 people have died in 256 outbreaks in an Ontario retirement or long-term care home."