Capitalism and COVID-19: Crisis at the Crossroads

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8 Citations (Scopus)
11 Downloads (Pure)

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.
Original languageEnglish
Article number20200026
Number of pages8
JournalPeace Economics, Peace Science and Public Policy
Volume26
Issue number3
Early online date10 Jul 2020
DOIs
Publication statusPublished - 1 Sep 2020

Bibliographical note

Open Access. © 2020 Syed Mansoob Murshed, published by De Gruyter. This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords

  • 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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