The cynicism of the bourgeois knows no bounds. It reaches even the darkest of domains, like pandemics. Under capitalism, the existence and spreading of diseases can bring massive profits to a small minority. These last few years, while healthcare systems around the world have been destroyed by austerity, investors have pocketed colossal sums of money by speculating on pandemics. Since 2017, the World Bank has allowed investors to buy bonds with an annual interest rate of up to 11%, specifically under the pretext of fighting pandemics in poor countries. If a pandemic is declared, they lose their investment. But every eventuality is covered, and the criteria that trigger pay-outs to countries are very restrictive. Despite multiple healthcare crises like the measles and Ebola outbreaks in Africa, which caused hundreds of thousands of deaths, these bonds never paid any money out, and investors pocketed several tens of millions of euros in interest. In a situation where Covid-19 is causing tens of thousands of deaths in 180 countries, not a cent has been released.

The COVID-19 outbreak is rampant. As we are writing, 3 billion people are in lockdown. The economic consequences of this situation are far-reaching. In some countries, whole sectors of industry are shut down. NASA satellite images reveal drastic decreases of greenhouse gas emissions in areas that are usually high emitters, such as China or northern Italy. The economic crisis that has been raging for several years has erupted under the impact of the lockdown, striking another blow to the global economy. Some reactionaries rejoice at this and go so far as to assert that "the virus is the solution to save the planet!” Marxists must staunchly counter this nonsense. 

The current health crisis marks a turning point in world history. Its economic, social, and political repercussions will be colossal. The chain reaction that began in December 2019, in a wet market in Wuhan, will not end with the ebb of the pandemic.

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