There Is Only One Way Out of the COVID-19 Economic Crisis. Itโs time for a new New Deal.
Itโs true, because the Covid-19 economic crisis does not really have anything to do with the pandemic. The economic dislocations and trauma are a symptom of pre-existing conditions. Just as with actual Covid-19 those who suffer the most are those with already-present co-morbidities. Our economy was already gravely ill โ the sickness was merely concealed by what the press chose to cover and who they saw as mattering.
This is why what couldโve been a minor recession will become the Greatest Depression; this is why many who are knocked out of the economy will never be employed again; this is why the downturn could and likely will last a decade.
Our economy was already wounded, walking dead, but the pandemic just revealed that. This is something thatโs been obvious to those who bothered to look for years.