Capitalism, Coronavirus and War: A Geopolitical Economy

The author's book explores how the coronavirus pandemic can be seen as a symptom of a broader malfunctioning system, and proposes ways to "reimagine capitalism in a way that changes the rules." The author is media-active, particularly in her own country (Canada), which will aid in marketing efforts.

Format: Hardback
Length: 250 pages
Publication date: 09 December 2022
Publisher: Taylor & Francis Ltd

Shows how you can 'reimagine capitalism in a way that changes the rules. Presents the coronavirus pandemic as a significant symptom of a broader malfunctioning system. Author is very media-active, particularly in her own country (Canada), which will help with marketing efforts.

Shows how you can 'reimagine capitalism in a way that changes the rules. Presents the coronavirus pandemic as a significant symptom of a broader malfunctioning system. Author is very media-active, particularly in her own country (Canada), which will help with marketing efforts.

The COVID-19 pandemic has exposed the deep flaws and inequalities within our current economic system. It has highlighted the devastating impact of market capitalism on vulnerable communities, the lack of social safety nets, and the concentration of wealth in the hands of a few.

While some argue that the pandemic is an unprecedented crisis that requires a temporary suspension of normal economic activity, others see it as an opportunity to reimagine capitalism in a way that changes the rules. One such approach is the concept of "social capitalism," which combines elements of capitalism with social welfare programs and regulations to ensure that the benefits of economic growth are shared more broadly.

Another approach is "circular capitalism," which focuses on reducing waste and pollution and promoting sustainable economic practices. This can involve implementing recycling programs, promoting renewable energy, and designing products that are more durable and recyclable.

Author and entrepreneur Ellen MacArthur is a leading advocate for these approaches. She has developed the "Circular Economy" framework, which aims to reduce waste and pollution and create a more sustainable and profitable economy. MacArthur has also launched the "New Economics Foundation," which is working to promote these ideas and bring them to scale.

The coronavirus pandemic has also highlighted the importance of government intervention in the economy. Many countries have implemented emergency measures such as stimulus packages, bailouts, and wage subsidies to support businesses and individuals affected by the crisis. However, there is a growing debate about the long-term impact of these measures and whether they are sustainable in the long run.

Some argue that government intervention is necessary to prevent economic collapse and ensure social stability. Others argue that it can lead to increased government debt and undermine the free market. It is important to find a balance between government intervention and market forces to ensure that the economy is sustainable and equitable.

In conclusion, the COVID-19 pandemic has exposed the deep flaws and inequalities within our current economic system. It has highlighted the need for a more sustainable and equitable economic model that combines elements of capitalism with social welfare programs and regulations. While there is no one-size-fits-all solution, the concept of social capitalism and circular capitalism offer promising approaches to achieving this goal.

Author and entrepreneur Ellen MacArthur is a leading advocate for these approaches, and her work is helping to promote these ideas and bring them to scale. It is important for policymakers, businesses, and individuals to recognize the importance of these ideas and work together to create a more sustainable and prosperous future.

Dimension: 234 x 156 (mm)
ISBN-13: 9781032059518