Multilateral Development Banks (MDBs) have been a vital source of funds for the global South in responding to the COVID-19 pandemic, particularly in the healthcare sector. Prior to the pandemic, the big MDBs’ approach to healthcare reflected the post-Washington Consensus, that is a largely neoliberal agenda perpetuating the expansion of private healthcare markets through financialization mechanisms, though with some emphasis on a minimal level of universal healthcare. We studied the MDBs’ approaches to healthcare in India to evaluate whether the pandemic resulted in: (a) a re-evaluation of their healthcare models to ensure they were fit for a pandemic; (b) a business-as-usual approach; or (c) a disaster capitalism response exploiting the current socio-economic milieu to further neoliberalization processes. We found that the MDBs adopted an inadequate business-as-usual approach that is intensifying the financialization of healthcare in projects using interventions at the micro throu
Social democracy aims to achieve a fairer society through balanced power relations between classes, but no matter how many rights tenants hold under capitalism, landlords still exploit them. Organizers must resist the incorporation of working class struggles into the state, otherwise they ensure the ongoing reproduction of capitalist social relations.
Rentier Capitalism and Its Discontents - Power, Morality and Resistance in Central Asia | Balihar Sanghera palgrave.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from palgrave.com Daily Mail and Mail on Sunday newspapers.