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The economy has collapsed due to this unprecedented challenge of Covid-19. The worst sufferers are the informal sector workers, daily wagers and the poor. We need a complete reboot of our economy and we must ensure that at least now we use this as an opportunity and build an environmentally sustainable model which is human economy, ensuring living wages to all and not perpetuating and furthering inequality.
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I think that that has to be related to the problems within our own country. I was reading in the papers today that there's a grave concern about what our role should be, how it should be handled, and how we should better manage our own domestic economy. And I think that this is becoming a serious issue. And it's gonna have to be addressed by any politicians who wish to be re-elected. They have to see that the issue of our economy and what influences it is better understood and more successfully addressed.
We're also going to have to change our trade, immigration and economic policies to make our economy strong again. And to put Americans first again. This will ensure that our own workers, right here in America, get the jobs and higher pay that will grow our tax revenues, increase our economic might as a nation.
For everywhere we look, there is work to be done. The state of the economy calls for action, bold and swift, and we will act — not only to create new jobs, but to lay a new foundation for growth. We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. We will restore science to its rightful place, and wield technology's wonders to raise health care's quality and lower its cost. We will harness the sun and the winds and the soil to fuel our cars and run our factories. And we will transform our schools and colleges and universities to meet the demands of a new age. All this we can do. And all this we will do.
I have just seen the statements by Finance Minister Nirmala Sitharaman. I won't like to comment on that statement, but before one can fix the economy, one needs a correct diagnosis of its ailments and their causes. The government is obsessed with trying to fix blame on its opponent, thus it is unable to find a solution that will ensure revival of the economy.
Our Party and people are, therefore, faced with extremely urgent and complex problems. The former modes of production must be transformed and new economic relations and division of labour introduced. The material-technical base necessary for economic reconstruction must be laid and the cultural level of the people raised so that our country can advance firmly and rapidly along the road to socialism.
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