Post-corona Archives - Political Economy Journal

05

Oct

Capitalism, Corona virus, COVID19, Global Economy, PANDEMIC, post-corona

Capitalism After the Pandemic

BY: Mariana Mazzucato PEJOURNAL - After the 2008 financial crisis which was a challenge to Capitalism, governments across the world injected over $3 trillion into the financial system. The goal was to unfreeze credit markets and get the global economy working again. But instead of supporting the real economy—the part that involves the production of actual goods and services—the bulk of the aid ended up in the financial sector. Governments bailed out the big investment banks that had directly contributed to the crisis, and when the economy got going again, it was those companies that reaped the rewards of the…

Iranian Foreign Minister: The Post-Corona new world order will not be completely Western oriented

Mohammad Javad Zarif, Foreign Minister of Iran, in a live Instagram interview in English, at the Faculty of World Studies, University of Tehran: The last 30 years have been one of the most turbulent times in the world, and we have witnessed wars and drastic changes and catastrophes in the international community. Some want to define the world order after Corona. The new world order will no longer be entirely Western. Remember that President Trump said that they spent $ 7 trillion to establish a new world order and failed. Throughout history, the old order collapsed and was replaced by…

EU’S financial policies in post Covid era

BY: Stefano Grasso* PEJOURNAL - The coronavirus pandemic has been causing a very strong and very hard recession. Indeed, it has been impacting on people’s health, jobs and well-being. According the latest projections of OECD the GDP of Euro area will decrease up to -9%. The global outlook is highly uncertain. The OECD’s outlook focuses two scenarios: one in which a second wave of infections, with renewed lock-downs, hits before the end of 2020, and one in which another major outbreak is avoided. In these weeks, in Germany and in Portugal, the Governments have limited some areas of their country…