Breaking News

American website: How American capitalism profits from death

The global pandemic is a catastrophe of historic dimensions. It is also a crime, because the disastrous impact of the pandemic is the result of decisions made by capitalist governments—first and foremost, in the United States and Western Europe—to deliberately prioritize profits over lives, to reject the implementation of public health measures required to eliminate SARS-CoV-2 and, instead, to adopt policies that allow the virus to spread widely throughout the global population

The American World Socialist website confirmed that Wall Street money companies are making huge profits due to the Corona pandemic and the deaths resulting from it, noting that subjecting public health to the orders and interests of these companies has been the constant element in Washington’s policy since the beginning of the pandemic.

 

On Monday, as the United States recorded one million COVID-19 cases, three times higher than the peak of previous waves, the Dow Jones Industrial Average closed up by 400 points, setting a new all-time record.

Throughout 2021, as 478,000 Americans died, the Dow logged 70 closing records in its third straight year of annual double-digit increases. And just as deaths were higher in 2021 than in 2020, so were returns on the stock market. The Dow rose 18 percent in 2021, compared to 7 percent in 2020.

To read the whole statement by World Socialist Web Site click the following link:

https://www.wsws.org/en/articles/2022/01/05/pers-j05.html

 

Inas Abdulkareem 

Share