Government under finance: There is no easy exit

Noted economist professor Prabhat Patnaik talks about the economic crises triggered by COVID-19 and the various possibilities that emerge and their respective implications

August 02, 2020 by Newsclick

Prabhat Patnaik reflects on the COVID-19 shock that has worsened the crisis triggered by globalized finance. Only two possibilities emerge: restructure capitalism by controlling finance, or let the tendencies towards very coercive forms of fascism grow.