Corona as a Mask for the Crisis of Capitalism – Fiscal Supports

Osman Sirkeci

A chapter in A New Social Street Economy: An Effect of The COVID-19 Pandemic, 2021, vol. 107, pp 13-34 from Emerald Group Publishing Limited

Abstract: Corona has been used as a mask for the deepening crisis of the capitalist system. It deepened the damage of those who suffered the most from the system. It deepened the harm of precarious street workers even more, making living conditions difficult. Not enough resources were allocated to street workers, only pocket money and food packages. At the same time, the Corona crisis strengthened the streets, making the street more visible. Street workers prevented inflation by providing goods and food at low prices in poor neighbourhoods throughout the stay period. Many products with scarcity supplied by street workers. Millions of unemployed people became entrepreneurs in the form of new simple street jobs. Increasing number of street entrepreneurs attracted local governments. Local governments developed projects to regulate the sales by street vendors. Very small-scale street entrepreneurs also developed a sense of solidarity by establishing cooperatives among themselves. The surveys showed that the poor were in solidarity with street vendors. Even street vendors bought products directly from producers who could not sell their products, distributed for free in poor neighbourhoods or sold at half the price of markets. Street economy is the most important component of the social economy. It was once again understood that the streets are not a problem but, the system created the problem. Street economy is not a problem. It is a spontaneous solution to the problems and crises of capitalism.

Keywords: Corona crisis; fiscal policy; financial support; street economy; street vendor; financial crisis of capitalism (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eme:csefzz:s1569-375920210000107006

DOI: 10.1108/S1569-375920210000107006

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