Capitalism Causes Disasters, Socialism Can Solve Them
The devastation brought by coronavirus has been hugely magnified by an irrational system that measures human life in terms of profit. We need a plan to build a better society in its aftermath.
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Jerome Roos is a fellow in international political economy at the London School of Economics, and author of Why Not Default? The Political Economy of Sovereign Debt.
The devastation brought by coronavirus has been hugely magnified by an irrational system that measures human life in terms of profit. We need a plan to build a better society in its aftermath.
As coronavirus leads to lockdowns across the world, capitalism will be forced to face its Achilles heel: the vast mountain of global debt.