“In the case of the world’s major economies, the priorities shown by governments in response to this crisis are those of finance, big business, ‘rentiers’ and fellow affluent, global North nations,” writes Adrienne Buller, a senior research fellow at Common Wealth. “As several economists have warned, without stringent conditions and major structural changes to the economy, government stimulus, bailouts and an unprecedented influx of money from central banks, we will simply end up in the vortex of a financial system ‘unfit for purpose’ and lining the pockets of the wealthy, as happened after the 2008 crisis.”
But can the pandemic be used to build a new economic consensus? Read the full article here.
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