Capitalism and COVID-19: Crisis at the Crossroads

Murshed Syed Mansoob ()
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Murshed Syed Mansoob: Centre for Financial and Corporate Integrity (CFCI), Department of Economics, Finance and Accounting, Coventry University, Priory Street, Coventry, CV1 5FB, UK

Peace Economics, Peace Science, and Public Policy, 2020, vol. 26, issue 3, 08

Abstract: Existential threats, such as the COVID-19 pandemic, have historically engendered intellectual paradigm shifts, and even systemic transformations in the economy and polity. This paper focuses on two inter-related phenomena: rising economic inequality and the diminution of liberal democracy, a feature common to both developed and developing countries set in the context of a ubiquitous and globalized capitalism. In the post-pandemic world, we need to harness the positive dimensions of the powerful capitalist system to lower inequality and build a newer world akin to an earlier golden age of capitalism.

Keywords: pandemics; inequality; globalization; capitalism (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1515/peps-2020-0026

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