The Covid-19 crisis is a chance to do capitalism differently | Mariana Mazzucato
Government has the upper hand for the first time in a generation. It must seize the moment
The world is in a critical state. The Covid-19 pandemic is rapidly spreading across countries, with a scale and severity not seen since the devastating Spanish flu in 1918. Unless coordinated global action is taken to contain it, the contagion will soon become an economic and financial one too.
The magnitude of the crisis requires governments to step in. And they are. States are injecting stimulus into the economy while desperately trying to slow the spread of the disease, to protect vulnerable populations, and to help create new therapies and vaccines. The scale and intensity of these interventions reminiscent of a military conflict - this is a war against the spread of the virus and economic collapse.
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