In a post-pandemic world, collective action must still be valued

Despite the global recession triggered by coronavirus, the conditions exist to address inequality and raise living standards

There are reasons for optimism as the UK economy and much of the rest of the world plunges into recession. That might seem like a bizarre statement when the recession is forecast to be the deepest in several centuries.

Yet there are several arguments for remaining hopeful. Looking back, it is clear that previous pandemics have reduced inequality. And this one could, at least in the short term, be no exception. As the Nobel prize-winning economist Sir Angus Deaton has written: "It is an equal opportunity infection that does not pass over world leaders, senior politicians and celebrities."

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