Today, the UN Secretary General António Guterres has warned that the coronavirus outbreak is the biggest global challenge since World War 2. He said it could bring a recession “that probably has no parallel in the recent past”. His warning comes amid catastrophic predictions about the possible economic impact of measures imposed to combat the pandemic.
The number of confirmed cases around the world is now nearing 860,000, with more than 42,000 deaths.
BACK BRITAIN’S BRAVE NHS HEROES – CLICK HERE NOW
The death toll in the US is now more than 4,000 – higher than the declared number of fatalities in China, where the outbreak began at the end of December.
Meanwhile, Spain, second only to Italy in the number of fatalities, has seen 849 deaths in the last 24 hours – the highest number it has had in a single day.
In the UK, a total of 1,789 people have died – a rise of 381.
Among the victims was a 13-year-old boy, King’s College Hospital Trust in London said.
As the crisis deepens, 91-year-old American linguist and political analyst Noam Chomsky claimed in a recent interview the pandemic could have easily been prevented had the world not listened to the markets.
Speaking with Democracy in Europe Movement 2025 (DiEM25) co-founder Srecko Horvat on Saturday, the political philosopher said: “We should think about the origins of this crisis. Why is there a coronavirus crisis?
“It is a colossal market failure.
“It goes right back to the essence of markets, exacerbated by the neoliberal savage, neoliberal intensification of deep social economic problems.
JUST IN: EU fury: How bloc ‘IGNORED Britain’s plan to save euro’
“It was known for a long time that pandemics are very likely.
“It was very well understood that there was going to be a coronavirus pandemic.”
Mr Chomsky noted: “The SARS epidemic was overcome 15 years ago.
“The viruses were identified, sequenced, vaccines were available. Labs around the world could have started working right then on developing protection for potential coronavirus pandemics.
“But they didn’t. Why did they not do it?
“Because the markets signals were wrong.
How much money ‘German banks REALLY earned from Greek debt crisis’ [INSIGHT]
How Jeremy Corbyn FINALLY owned up to the ‘many mistakes’ he made [EXCLUSIVE]
How Cummings’ REAL coronavirus strategy could be ‘most effective’ [ANALYSIS]
“We have handed over our fate to drug companies – private tyrannies, corporations, which are unaccountable to the public.”
The political analyst argued that those companies make body creams instead of finding a vaccine that will protect people from total destruction, because it is much more profitable.
Mr Chomsky added: “Polio, at the time, was a terrifying threat. It was ended by the discovery of the Salk vaccine by a government institution, set off by the Roosevelt administration.
“No patents, it was available to everyone.
“That could have been done this time, but the neoliberal plague has blocked that.”
Source: Read Full Article