Corona Crash: How the Pandemic Will Change Capitalism

The coronavirus pandemic has caused the deepest global recession since the Second World War, leading to a new era of monopoly capitalism. The human cost is reflected in a still-rising death toll, and states are unable to grapple with the effects of the virus.

Format: Paperback / softback
Length: 112 pages
Publication date: 25 September 2020
Publisher: Verso Books

The Corona Crash, a thought-provoking book by renowned economics commentator Grace Blakeley, delves into the profound and epoch-making changes that the coronavirus has brought forth. We find ourselves navigating a truly unique period in history, marked by the most severe global recession since the Second World War. The human toll of this pandemic is tragically mounting, with many states struggling to cope with the devastating effects of the virus. As we confront this unprecedented challenge, it is clear that we cannot simply return to our previous way of life.

In her book, Blakeley argues that the crisis will usher in a new era of monopoly capitalism. She suggests that as the corporate economy collapses into the arms of the state, and the tech giants reach unprecedented proportions, we will witness a shift in the economic landscape. This transformation will have far-reaching consequences, shaping the future of our society and economy.

One of the key predictions made by Blakeley is the rise of state interventionism. As governments struggle to contain the pandemic and support their economies, they will increasingly rely on big businesses and tech giants to provide solutions. This could lead to increased government control over the private sector, as well as the concentration of wealth and power in the hands of a few.

Another significant aspect of Blakeley's book is the impact of the pandemic on inequality. She argues that the crisis has exposed the deep flaws in our economic system, which has left many people vulnerable and marginalized. The pandemic has exacerbated existing inequalities, with low-income workers, women, and people of color disproportionately affected by job losses, healthcare access, and economic insecurity.

Blakeley also raises concerns about the long-term effects of the pandemic on our society and economy. She suggests that the crisis may lead to a permanent shift in consumer behavior, with a greater emphasis on online shopping, remote work, and digital services. This could have implications for the job market, as well as the physical infrastructure of our cities and towns.

Furthermore, Blakeley examines the role of technology in shaping the response to the pandemic. She argues that the rapid adoption of digital technologies has enabled governments and businesses to respond more effectively to the crisis, but it has also created new challenges and risks. The pandemic has highlighted the importance of cybersecurity, data privacy, and the ethical implications of using technology in our daily lives.

In conclusion, The Corona Crash is a thought-provoking and timely book that offers a comprehensive analysis of the economic, social, and political implications of the coronavirus pandemic. Grace Blakeley's insights and predictions provide valuable perspectives on the challenges we face as a society, and her call for action is essential for building a more resilient and equitable future. As we navigate this unprecedented crisis, it is important to remain informed and engaged in the discussions surrounding economic policy and social justice.

Weight: 96g
Dimension: 111 x 175 x 14 (mm)
ISBN-13: 9781839762055