Capitalism and COVID-19: Crisis at the Crossroads

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4 Citations (Scopus)


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.
Original languageEnglish
Article number20200026
Pages (from-to)(In-press)
JournalPeace Economics, Peace Science and Public Policy
Issue number3
Early online date10 Jul 2020
Publication statusPublished - 1 Sep 2020

Bibliographical note

Free access via journal website


  • capitalism
  • globalization
  • inequality
  • pandemics

ASJC Scopus subject areas

  • Sociology and Political Science
  • Economics and Econometrics
  • Political Science and International Relations
  • Management, Monitoring, Policy and Law

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