Coronavirus vs the Nations


The European Commission’s plans for a pandemic recovery fund is putting up to 750 billion additional volume into the EU market (1), with some nations further extending that by adding their own national stimulus packages into the mix (2).

The US is targeting the coveted “V shape recovery” with a whole series of planned stimulus packages and tax cuts to incentivise businesses and soften the blow to the job market (3). Not to be outdone by their biggest rival, China announces plans for a stimulus package nearly 5x larger than that of the US (4).

Across the world, from India (5) to Japan (6) and around Southeast Asia (7), nations are banding together with a common cause—to stimulate stagnant economies in a way that is quite reminiscent of Dr. Frankenstein’s endeavours.

The pandemic has had another effect that is likely to last far longer. Globalism has lost its appeal with the popular elites, bogged down by inefficient welfare states that lack economic independence (8). Experts warn the “new normal” might become a slew of EUxits (9), mass nationalisations (10), rising populism (11) and rampant dissatisfaction with national police forces (12) as questions of EU “solidarity” continue to rise (13).

Meanwhile, the EU’s pandemic purchasing program is expected to ease monetary policy (14) but sounds more like a frenzied shopping spree intended to support the new norm of a “trickleup economy” (15).

Lockdown efforts have unleashed a new wave of social control techniques with robot “patrol dogs” (16), suspended freedoms (17), citizen denunciations (18), and the established companion of authoritarianism — excessive paperwork (19), while others have taken a more “supernatural” approach (20).

 

References

  1. EU's financial 'firepower' is 1.85 trillion with 750bn for COVID fund

  2. Merkel's Coalition Agrees To €130BN Stimulus Package To Boost German Economy

  3. Trump Says He Will Ask Congress To Pass More Stimulus As He Praises V-Shaped Recovery

  4. China Quietly Injected A Record 5.2 Trillion In New Credit To Kickstart Its Frozen Economy

  5. Modi unveils $266bn stimulus package to revive Indian economy

  6. Japan approves fresh $1.1 trillion stimulus to combat pandemic pain

  7. Malaysia's coronavirus stimulus package supports domestic demand, but will raise fiscal challenges

  8. Facing Economic Disaster, France Turns against Globalism

  9. France: Post-Pandemic Disaster?

  10. Spain has nationalized all of its private hospitals as the country goes into coronavirus lockdown

  11. French President Emmanuel Macron says the coronavirus pandemic will remake capitalism

  12. Near-unanimous disgust after British police threaten to ‘appear from shadows’ to bust rural picnics

  13. Italy wonders where Europe’s solidarity is as coronavirus strains show

  14. Euro Surges After ECB Expands Emergency QE By €600 Billion To €1.350 Trillion

  15. Belarus’s Lukashenko Slams Global Elites, Says They’ve Made ‘Trillions’ as Economy Burns to Pandemic

  16. Spot the robot is reminding parkgoers in Singapore to keep their distance from one another

  17. Israel Debates 'Total Suspension Of Individual Freedom' In Knesset Intel Hearing

  18. Germans snitch on neighbours flouting virus rules, in echo of the Stasi past

  19. Martial Law France: Citizens Have to Fill Out Form Every Time They Leave the Home

  20. Coronavirus: in Indonesia, ‘ghosts’ volunteer to keep people indoors


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