86. World crisis and the second wave

What is the state of world capitalism as it heads into a second wave of Covid-19? Over a decade ago, the global capitalist system was shaken by a historic financial crisis. It still had not recovered when the coronavirus pandemic caused the worst economic contraction in history. Pandemic, depression, environmental catastrophe, political turmoil - capitalism is not well. And now a second wave of Covid is gathering pace. What does this mean for capitalism around the world? Will we see mass protests and revolutions? Isn’t it the right making gains from the crisis? And what will the US elections bring? This episode of Socialism looks at a world on the brink: capitalist crisis and the second wave. Further reading 10 years since the financial crash: https://www.socialistworld.net/2018/09/14/10-years-since-the-financial-crash/ Coronavirus plunges capitalism into global turmoil - the need for a socialist alternative: https://www.socialistworld.net/2020/03/23/coronavirus-plunges-capitalism-into-global-turmoil-the-need-for-a-socialist-alternative/ What lies behind the US-China trade war? https://www.socialistworld.net/2019/05/24/what-lies-behind-the-us-china-trade-war/ Democratic, Republican, and Peoples’ Conventions: What Way Forward for Workers? https://independentsocialistgroup.org/2020/09/22/democratic-republican-and-peoples-conventions-what-way-forward-for-workers/ Interview with US presidential candidate: https://www.socialistworld.net/2020/09/22/interview-with-us-presidential-candidate/ Britain: Tory Prime Minister’s brinkmanship over EU deal deepens capitalist splits: https://www.socialistworld.net/2020/09/17/britain-tory-prime-ministers-brinkmanship-over-eu-deal-deepens-capitalist-splits/ Britain: Trade Unionist and Socialist Coalition to stand in elections again against pro-austerity politicians: https://www.socialistworld.net/2020/09/14/britain-trade-unionist-and-socialist-coalition-to-stand-in-elections-again-against-pro-austerity-politicians/