The Coronavirus Crisis Is Political

Posted on AllSides March 21st, 2020
From The Left
OPINION

The last time we faced an economic crisis anywhere near as severe as the one we are about to encounter was in 2008, when the global banking system began to collapse under the weight of its own excesses.

When the US government’s decision to allow Lehman Brothers to fail sent financial markets into freefall, world leaders realized it was time to step up. At first, they provided trillions of dollars worth of short-term liquidity (effectively short-term loans) to the world’s biggest banks, but they soon realized that the banks were...

Read full story
Some content from this outlet may be limited or behind a paywall.

Jacobin

AllSides Media Bias Rating: Left
AllSides Media Bias Rating: Left
110204/85844
See full bias rating for Jacobin
Learn about media bias
https://jacobinmag.com/2020/03/coronavirus-crisis-political-politicize-austerity-stimulus

More News about Politics from the Left, Center and Right

From the Left

From the Center

From the Right