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The Corona Crash
The Corona Crash: How the Pandemic Will Change Capitalism | Grace Blakeley
1 post | 1 read | 1 reading
Free market, competitive capitalism is dead. The separation between politics and economics can no longer be sustained. In The Corona Crash, leading economics commentator Grace Blakeley theorises about the epoch-making changes that the coronavirus brings in its wake. We are living through a unique moment in history. The pandemic has caused the deepest global recession since the Second World War. Meanwhile the human cost is reflected in a still-rising death toll, as many states find themselves unable--and some unwilling--to grapple with the effects of the virus. Whatever happens, we can never go back to business as usual. This crisis will tip us into a new era of monopoly capitalism, argues Blakeley, as the corporate economy collapses into the arms of the state, and the tech giants grow to unprecedented proportions. We need a radical response. The recovery could see the transformation of our political, economic, and social systems based on the principles of the Green New Deal. If not, the alternatives, as Blakeley warns, may be even worse than we feared.
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Nalbuque
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short and enlightening 💖

fun fact: most economists seem to not know anything abt economy and are perpetually confused when things don‘t go the way they learned in ECON101 or whatever they took in college. This in itself would be ok (s/o to neuroscientists or educators), if it wasn‘t for “first world” imperialist academics refusing to discard outdated notions like “trickle down” or “free market”. Ugh.

#WomenAuthors #2021 #Resistance #Economics