Martin Hart-Landsberg: Back to normal is not good enough; we need a new economy (Street Roots)
Rarely mentioned is the fact that our economy was heading into a recession before the coronavirus hit. Or that living and working conditions for the majority of Americans were declining even during the past years of expansion. Or that the share of workers in low-wage jobs was growing over the past 15 years. Or that Americans are facing a retirement crisis. Or that life expectancy fell from 2014 to 2017 because of the rise in mortality among young and middle-aged adults of all racial groups due to drug overdoses, suicides and alcoholism. If existing patterns of ownership and production remain largely unchanged, we face a future of ever greater instability, inequality and poverty.