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Capitalism after the pandemic: getting the recovery right. 02/10/2020

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Article

Mazzucato, Mariana

Foreign Affairs

2020

October

1-14

epidemic disease ; economic recovery

Business economics

https://www.foreignaffairs.com/articles/united-states/2020-10-02/capitalism-after-covid-19-pandemic

English

"fter the 2008 financial crisis, governments across the world injected over $3 trillion into the financial system. The goal was to unfreeze credit markets and get the global economy working again. But instead of supporting the real economy—the part that involves the production of actual goods and services—the bulk of the aid ended up in the financial sector. Governments bailed out the big investment banks that had directly contributed to the crisis, and when the economy got going again, it was those companies that reaped the rewards of the recovery. ..."

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