Monday , November 25 2024
Home / Mike Norman Economics / The Economist – Covid-19: how to fix the economy | The Economist

The Economist – Covid-19: how to fix the economy | The Economist

Summary:
WW2 triggered governments in the Western world to make a bigger commitments to their citizens, eg, the New Deal in the US, the NHS in Britain, plus Social Security and Welfare etc. Since Thatcher, Reagan, and neoliberalism, this commitment became loosened, but could the Covid pandemic be another shock that will bring governments back in line to taking more responsibility for the well-being of all their citizens, not just the few?Governments will have to deal with the economic fallout from the pandemic for decades to come. If they get their response wrong, countries risk economic stagnation and political division.[embedded content]

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Matias Vernengo writes Milei’s Psycho Shock Therapy

Bill Haskell writes Population Growth Outcomes

Robert Vienneau writes Books After Marx

Joel Eissenberg writes Undocumented labor: solutions, not scapegoating

 WW2 triggered governments in the Western world to make a bigger commitments to their citizens, eg, the New Deal in the US, the NHS in Britain, plus Social Security and Welfare etc. Since Thatcher, Reagan, and neoliberalism, this commitment became loosened, but could the Covid pandemic be another shock that will bring governments back in line to taking more responsibility for the well-being of all their citizens, not just the few?

Governments will have to deal with the economic fallout from the pandemic for decades to come. If they get their response wrong, countries risk economic stagnation and political division.




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *