state sponsored capitalism


Neoliberalism Born Forty Years Ago Has Ended

Yves Bonzon (Julius Baer) | The exceptional nature, comparable to a natural disaster, of the pandemic crisis is precipitating a profound change in the economic regime. It is still too early to speculate on the political and sociological changes that the coronavirus will have triggered. Nevertheless, it can already be seen that the only effective response to this crisis requires a degree of government intervention in the economy and markets unprecedented in the recent past.