The Corona Crash: How The Pandemic Will Change Capitalism
On this edition of Your Call, economics commentator Grace Blakeley discusses her new book, The Corona Crash: How the Pandemic Will Change Capitalism. She asks: if the state could afford to spend billions bailing out the country's wealthy bankers, then why shouldn't it provide free higher education, housing, and healthcare when the crisis ends?
She warns that the pandemic could tip us into a new era of monopoly capitalism, as tech giants like Amazon and Netflix balloon in profit and power. She says we need a radical response like a global Green New Deal to prevent even more inequality.
Grace Blakeley, staff writer at Tribune Magazine, host of their weekly podcast A World to Win, former Research Fellow at The Institute for Public Policy Research, and author of Stolen: How to Save the World from Financialisation and The Corona Crash: How the Pandemic Will Change Capitalism
Tribune Magazine, Grace Blakeley: Yes, We Can Raise Corporation Tax in a Pandemic
Jacobin, Grace Blakeley: Bill Gates Can’t Save the Planet
The Guardian, Grace Blakeley: We were told capitalism had won. But now workers can take back control