Covid 19 And The Future Of Capitalism

The authors in this collection posit that a new framework cannot be built on the values and beliefs of current-day consumer capitalist society; resistance in the pandemic age should be based on the values and beliefs that could be the foundation of a new, postcapitalist society.

The authors in this collection posit that a new framework cannot be built on the values and beliefs of current-day consumer capitalist society; resistance in the pandemic age should be based on the values and beliefs that could be the foundation of a new, postcapitalist society.

COVID-19 may be an historical turning point for global capitalism. It has revealed the crisis of neoliberal globalization; however, this does not automatically lead to the ultimate defeat of capitalism or its neoliberal incarnation. The authors in this collection posit that a new framework cannot be built on the values and beliefs of current-day consumer capitalist society; resistance in the pandemic age should be based on the values and beliefs that could be the foundation of a new, postcapitalist society. This book formulates a tentative revolutionary program that could take advantage of the COVID-19 environment to defeat and transcend capitalism.

A New York Times Bestseller A Wall Street Journal Bestseller A New York Times Notable Book of 2020 A New York Times Book Review Editors’ Choice Shortlisted for the Financial Times and McKinsey Business Book of the Year A New Statesman Book to Read From economist Anne Case and Nobel Prize winner Angus Deaton, a groundbreaking account of how the flaws in capitalism are fatal for America's working class Deaths of despair from suicide, drug overdose, and alcoholism are rising dramatically in the United States, claiming hundreds of thousands of American lives. Anne Case and Angus Deaton explain the overwhelming surge in these deaths and shed light on the social and economic forces that are making life harder for the working class. As the college educated become healthier and wealthier, adults without a degree are literally dying from pain and despair. Case and Deaton tie the crisis to the weakening position of labor, the growing power of corporations, and a rapacious health-care sector that redistributes working-class wages into the pockets of the wealthy. This critically important book paints a troubling portrait of the American dream in decline, and provides solutions that can rein in capitalism's excesses and make it work for everyone.

Crisis and Contagion is a selection of fourteen interviews conducted by Ian McKay of the Wilson Institute at McMaster University. Interviews with Nancy Fraser, Mike Davis, Mack Penner, Andreas Malm, and Merrill Singer explore capitalism’s organic crisis and the ways it has made this and future pandemics inevitable. Nora Loreto, Tithi Bhattacharya, Chandrima Chakraborty, Merlin Chowkwanyun, and Sanjay Nepal discuss the experiences of ordinary people in the pandemic. J. Michael Ryan, Laura Spinney, Naomi Klein, and Noam Chomsky explore the long-term effects and likely historical legacy of a pandemic that has changed millions of lives–and, maybe, the trajectory of human civilization. These scholars propose that to understand the impact of Covid-19, we have to understand the conflictual history of capitalism–and to ward off future pandemics, we need to start building a post-capitalist alternative to the disease-generating and highly unequal global neoliberal order. As capitalist forces work to shove what we have learned from the Covid-19 pandemic down the memory hole, Crisis and Contagion offers a must-read for those wanting to seize this moment of change and revolution.

Capitalism, Coronavirus and War investigates the decay of neoliberal financialised capitalism as revealed in the crisis the novel coronavirus triggered but did not cause, a crisis that has been deepened by the conflict over Ukraine and its repercussions across the globe. Leading domestically to economic and political breakdown, the pandemic accelerated the decline of the US-led capitalist world’s imperial power, intensifying the tendency to lash out with aggression and militarism, as seen in the US-led West’s New Cold War against China and the proxy war against Russia over Ukraine. The geopolitical economy of the decay and crisis of this form of capitalism suggests that the struggle with socialism that has long shaped the fate of capitalism has reached a tipping point. The author argues that mainstream and even many progressive forces take capitalism’s longevity for granted, misunderstand its historical dynamics and deny its formative bond with imperialism. Only a theoretically and historically accurate account of capitalism’s dynamics and historical trajectory, which this book provides, can explain its current failures and predicament. It also reveals why, though the pandemic—by revealing capitalism’s obscene inequality and shocking debility—prompted the most serious critiques of capitalism to emerge in decades, hopes of ‘building back better’ were so quickly dashed. This book sheds searching light on the dominant narratives that have normalised the neoliberal financialised capitalism and the dollar creditocracy dominating the world economy, with even critics unable to link capitalism’s neoliberal turn to its financialisations, historical decay, productive debility and international decline. It contends that only by appreciating the seriousness of the crisis and rectifying our understanding of capitalism can progressive forces thwart a future of chaos and/or authoritarianism and begin the long task of building socialism. This book will be of great interest to students, scholars and researchers of international relations, international political economy, comparative politics and global political sociology. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license. Thanks to the support of libraries working with Knowledge Unlatched www.knowledgeunlatched.org

The COVID-19 pandemic is a Rorschach test for society: everyone sees something different in it, and the range of political and economic responses to the crisis can leave us feeling overwhelmed. This book cuts through the confusion, dissecting the new post-coronavirus capitalism into several policy areas and spheres of action to inform academic, policy and public discourse. Covering all the major aspects of contemporary capitalism that have been affected by the pandemic, Andreas Nölke deftly analyses the impacts of the crisis on our socio-economic and political systems. Signposting a new era for global capitalism, he offers alternatives for future economic development in the wake of COVID-19.

Capitalism and COVID-19: Time to Make a Democratic New World Order proposes the deepening of democracy in a post-capitalist world. It suggests that humans should be placed back in nature and nature back in humans and argues for a global environmental movement. The book maintains that the free market should serve people and planet - instead of people and planet serving the free market. It motivates for enabling the state in leading the transition to a post-capitalist world. A post-capitalist society should ensure planetary and peoples' well-being together with economic well-being. Economic science in its current ideological form should be revisited. Exiting capitalism requires the unity of workers of all countries. Capitalism and COVID-19: Time to Make a Democratic New World Order calls for reimagining and recreating the best of all possible worlds for present and future generations. In the final analysis Noel Chellan predicts and maintains that capitalism too shall pass!