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Fear and loathing in Davos

Spectre of Communism

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The Pandemic and the Ukraine War Have Accelerated the Crisis

Capitalists and their mouthpieces have a tendency to blame this or that event for the crisis that they face. But all of these problems for capitalism were really there. What obviously the pandemic and the Ukraine war have done is particularly give a boost if you like. They've really provoked inflation which wasn't there in 2020. And that really is the other thing that you can see since the 2021 Davos with the so-called Great Reset, then it was hopes of a rapid rebound in the economy.

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