Piketty, Thunberg, or Marx? Shifting ideologies in the COVID-19 bailout conditionality debate

Elisa Giuliani ()
Additional contact information
Elisa Giuliani: University of Pisa

Journal of International Business Policy, 2020, vol. 3, issue 4, No 8, 443-450

Abstract: Abstract Are crises an opportunity to push for fundamental changes? Can the COVID-19 crisis help to promote an ideological shift towards a different type of capitalism? By conducting a quantitative content analysis of the international press on the COVID-19 bailout conditionality debate, this article documents the existence of three dominant narratives: the distributive justice, environmental justice, and Marxist-type anti-capitalistic narratives. Yet, only the distributive justice assumed greater prominence during the period of observation, signaling a small step towards an ideological shift in which the general public may become more open to scrutiny of companies’ dividend and bonus policies and more averse to acceptance of tax avoidance and the accumulation of excessive wealth by members of the corporate elite. The article concludes by recommending MNEs and their CEOs to be prepared for more distributive justice challenges in the future.

Keywords: COVID-19; crisis; MNEs; bailout; sustainability; capitalism (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://link.springer.com/10.1057/s42214-020-00072-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:joibpo:v:3:y:2020:i:4:d:10.1057_s42214-020-00072-8

Ordering information: This journal article can be ordered from
https://www.palgrave.com/gp/journal/42214

DOI: 10.1057/s42214-020-00072-8

Access Statistics for this article

Journal of International Business Policy is currently edited by Sarianna Lundan, Ari Van Assche and Anne Hoekman

More articles in Journal of International Business Policy from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().