TONY SAUNOIS, secretary of the Committee for a Workers’ International (CWI), argues that the covid pandemic has inaugurated a new historical period of capitalist crises and class struggle.
The words of WB Yeats in his poem Easter1916 sum up the current world situation: “All is changed, changed utterly”. Fundamental changes are taking place in the world economy, geo-political relations, and in the colossal polarisation between the classes on a global scale, opening up a new era.
All of the trends we see developing today were present prior to the onset of the Covid-19 crisis. However, they have been razor-sharpened and accelerated at lightning speed. All of the consequences of the dramatic upheavals taking place are not yet fully clear. However, it is certain that capitalism will not be able to go back to the pre-corona situation, much less the situation which existed before the financial crisis of 2007-08.
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