With millions filing for unemployment benefits across the state, a projected unemployment rate of more than 18% and whole industries out of business, the state is also facing dire needs and stark inequalities. Donnie Maclurcan, executive director of the Post Growth Institute and an affiliate professor of economics at Southern Oregon University, says the economy was already fragile, and that there may be an opportunity now to advance campaigns for equity.
“We had $87 trillion more debt in the global system at the beginning of COVID-19 than we did at the beginning of the 2008 crash. That is why our system is so fragile, that and the associated defunding of health care, associated with austerity measures” — Donnie Maclurcan
A segment from our radio show, “Civic.” Listen daily at 8 a.m. and 6 p.m. on 102.5 FM in San Francisco.