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Showing posts from January 22, 2021

The Post- Pandemic Brave New World

The pandemic stuck a global economy that already was profoundly unsustainable - Socially, Environmentally and even intellectually. Policymakers' choices during this disruption could shape their economies for decades to come. Over the past four decades, almost all advanced economies have become more polarized, with increasingly unequal income distributions. Developing economies lifted billions of people out of poverty, but in the process they, too, created their own rising inequalities and social tensions. The global economy's lopsided growth has brought us to the edge of catastrophic climate change.  The political upheavals in one country after the another meant the world could not expect to go on as before. Then the coronavirus brought the most dramatic societal disruption and economic collapse in peacetime memory. The enormity of the crisis made unintended radicals out of many political leaders as they intervened drastically in economic activity and took the risks of both wor