Even after the pandemic shock is over, the world will still be stuck with the protracted crisis of over-production, which had engulfed it well before

The globalization of finance means that any State that violates the dictates of finance, such as by attempting a New Deal financed by a larger fiscal deficit or taxes on the rich, runs the risk of a capital flight from its shores and hence a financial crisis

It is clear that the policies of the “last four decades”, which means the neo-liberal policies characteristic of the current era of globalization, have got to be changed