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this post was submitted on 13 Aug 2025
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Asklemmy
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My state of Victoria in Australia had one of the longest lockdowns in the world. As someone with an immuno compromised dad I was supportive of it. However the state is now in a lot of debt and having to cut public servants and services.
States without currency sovereignity or trade sovereignity probably can't respond to pandemics without indebting themselves. If they can't print money and can't marshal the forces of production they're basically reliant on market forces, and capital is happy to punish them for daring to get in the way of profits.
Related, COVID also proved to me that the EU is not a progressive historical force. It similarly turns sovereign nations into dependent states without currency sovereignity or trade sovereignity.
I promise you, they do not actually have to cut public services.
They have to recoup the ~$50 billion spent/invested on covid public health and financial support somehow. Yet they keep digging deeper into the $200 billion suburban rail link.