The Corona Crash
In ‘The Corona Crash: how the pandemic will change capitalism’, British economist and journalist, Grace Blakeley, argues that COVID-19 has heralded a new age of “state monopoly capitalism”. But while massive state intervention in the economy is completely justified, instead of propping up the owners of the old polluting economy, our money should be directed into a huge programme of investment in a green and just recovery. Along the way, in a highly readable and concise pamphlet, Blakeley dissects the reality of globalisation, the legacy of financialisation, and the arguments for a Green New Deal. Indeed, her writing is so quotable that what follows is more of a ‘Corona Crash’ pass notes than a review..