The most insidious tactic of COVID-19 is to get a person’s body to attack itself. In the worst cases, the body’s autoimmune system essentially goes haywire as it tries to fight off infection. This “cytokine storm” can lead to serious inflammation in the lungs and ultimately to major organ failure. COVID-19 seems to have had a similar… Continue reading Will the EU Survive the Coronavirus?
Capitalism and Communism shared one important principle in common: an almost religious devotion to economic growth. If a Five Year Plan didn’t produce the expected “great leap forward,” Communist officials fudged the figures. If a capitalist economy dipped into recession, economists tried to put the best face on the resulting “creative destruction,” arguing that it… Continue reading The Fetishism of Economic Growth
At the beginning of last summer’s blockbuster film Elysium, three rogue shuttles from Earth approach a space station that houses a super-rich enclave. It’s the ultimate offshore gated community, where the inhabitants possess magical machines that rid them of disease so that they can practically live forever. The shuttles, meanwhile, contain the poor, the sick, “the… Continue reading Piketty in Elysium
Lenin graces the cover of a recent issue of The Economist. The Financial Times is running an entire series on the “crisis in capitalism.” Francis Fukuyama, a recovering neoconservative, makes a plea in Foreign Affairs for the left to get its intellectual act together. And that noted class warrior Newt Gingrich has been assailing Republican presidential candidate Mitt Romney for being a ruthless moneybags.