There is a growing possibility that the COVID-19 crisis will mark the end of the growth model born four decades ago with the Reagan-Thatcher revolution, China’s embrace of capitalism, and the demise of the Soviet Union. The small government, free-market template suddenly looks terribly outdated. Instead of regarding growth as the ultimate solution to inequality, advanced economies will need to tackle distributional issues head on. It is to be hoped that they will be spared the convulsions that often accompany structural and policy changes of such magnitude.Read more
The current crisis tells us some important things. The flaws in the neo-liberal model have been exposed. Democratic politics have been stressed to breaking point. The shocks to the economic, social and fiscal systems required to avoid dangerous climate change are shown to be unfeasible.
Denial, delay, and deflection over the climate science by democratic governments immersed in neo-liberal fantasies has set the world an unachievable target if dangerous global warming is to be avoided.
The extraordinary steps imposed to fight the COVID-19 pandemic are what is needed on a sustained basis if a limit of 1.5°C of global warming is to be achieved. And yet this period of lock-down, self-isolation, social-distancing, and commercial and industrial dormancy has already shown that the measures responsible are imposing on whole societies costs which cannot be borne for long.Read more
Writing in The Guardian, Jonathan Freedland reflects on the speed at the which the national life of the United Kingdom has been sompletely transformed. Each day has brought news that, in normal times, would constitute an epochal, ground-shaking development but which, in the current climate, has struggled for airtime. …a Conservative government has torn up 40 years of small-state, free market doctrine… [t]hat represents a profound political shift. Just as there are no atheists onRead more
Writing in The Guardian, George Monbiot sees some common threads in the approaches to COVID-19 of the UK, US and Australian governments. The worst possible people are in charge at the worst possible time. In the UK, the US and Australia, the politics of the governing parties have been built on the dismissal and denial of risk. Just as these politics have delayed the necessary responses to climate breakdown, ecological collapse, air and water pollution,Read more