What Might COVID-19 Mean for Trade Unions?
"COVID-19 presents both threats and opportunities for trade unions, and with the most promising membership figures in four decades being released last year, this crisis has come at a crucial time."
"COVID-19 presents both threats and opportunities for trade unions, and with the most promising membership figures in four decades being released last year, this crisis has come at a crucial time."
"For many of those on the fence, the problem with Scottish independence is that the SNP's vision of independence is the only game in town."
"Australia is actually very good at digging things out of the ground, putting them on a ship and sending them overseas and paying a lot of money to buy them back as a finished good."
"Guterres placed extra emphasis on using U.S. taxpayer stimulus packages to create “green jobs” rather than “bailing out” the energy sector."
"... the UK needs to design, fabricate and control many more of its own products, particularly strategic goods to reduce supply-chain trauma."
The Economic Nationalist-Mercantilist system may be less efficient, but it has the capacity to make local economies more independent, sustainable and resilient.
"By 1935, he had secured work in 1935 at the Kinlochleven aluminium plant, the same place where his father was employed as an accountant, but he was soon recruited as a junior manager by the Glasgow shipbuilding and engineering conglomerate William Beardmore and Company."
"...what would we have done with the money but buy more Chinese goods?"
"Ought we therefore to consider a programme of reindustrialisation at least to get us some of the way back to where we used to be?"
"Because the present system is premised on a production-consumption and financial model, the solutions to crises are presented as population reduction and what even appears, at least in the case of Europe, as population replacement."
"Not so long ago, I had to get a taxi from the centre of Guangzhou, a large city in southern China, to its local airport. The cost in Chinese money was £10. When I got back to Heathrow, I had to get a taxi to central London – about the same distance as the taxi ride in Guangzhou. The cost was £70."
"Officials all over the world are going to be balancing the need to protect life with the need to resume economic activity for a long time to come."
"The device has been widely used with success on coronavirus patients in China and Italy."
"...President Trump’s efforts to invoke national controls to remobilize America’s decayed industrial base..."
"Understand that this is not a short-term crisis that will correct itself. This is a long-term disaster."
"The Coronavirus Pandemic has seen global supply inventories and supply chains dry up, with few industrial or manufacturing sectors left unaffected."
"...under the new logic of “globalization” ... celebrated as the consumer-driven, “white collar society” which would no longer worry about “intangible things” like “the future”, infrastructure maintenance, or “growth”."
"There are three main routes through which the coronavirus epidemic has the potential to disrupt the economies of China’s trading partners, even if the public health crisis itself remains confined to China."
"Manufacturing operations require workers to be at the factory to produce products. Thus, manufacturing is much more acutely affected by quarantines, shutdowns, transportation disruption, and other government actions."
"So here we are on the verge of the worst economic downturn in more than a decade, and even if this outbreak miraculously ended tomorrow it would still take quite an extended period of time for global supply chains to return to normal."
"In fact, the Baltic Dry Index has fallen more than 80 percent since September and is rapidly headed toward an all-time low…"
"“This really speaks to the idea that once again we’re on the brink of potentially being in this bubble, where valuations are about the story and the narrative and not about the cash flow and profits,” she said last November."
"A star rising in the east..."
"Quarantines prevent work. Finished products and parts cannot be made and shipped. Sales cannot take place without products to sell. Without revenues companies cannot pay employees and other expenses. Incomes decline across the world. Companies go bankrupt."