Gerd Leonhard

March 22, 2021

More on Capitalism

Covid-19 has accelerated the demise of traditional corporate capitalism
https://www.futuristgerd.com/2021/03/capitalism-as-we-know-it-is-unfit-for-the-future/ 

2019 was a year of great prosperity and innovation, with stock markets booming, democracy largely thriving (well, apart from what went down in Trump's USA), and unemployment at near-record lows throughout much of the developed world. But then, Covid-19 struck and changed everything as half the world went into lock-down, economies and supply-chains ground to a halt, unemployment skyrocketed, and the world suffered its greatest health/humanitarian crisis since World War II. All of a sudden, the future look bleak.

The myth that many people want to believe is that things will somehow go ‘Back to Normal’ – that sooner or later, the world will return to its pre-pandemic ways. But is that really possible, and is it really what we want – or indeed, what we need? Was the good old ‘Normal’ really good enough? Was the world really doing that well ‘before covid' – considering the growing political polarization, increasing inequality (especially in the US and Brazil), and the escalating climate crisis? Could it be that because of the hardships and pains of the Corona crisis, we’ve talked ourselves into believing that ‘Normal’ was good enough in the first place?