Afterword: Spring 2020
Afterword: Spring 2020
The early measures taken to prevent Covid 19 from causing a financial crisis greatly exceeded what was done in the Great Recession, while thus far provoking even fewer questions. The result has been to further decouple capital markets, which rapidly recovered from Covid, from GDP, where unemployment rose to levels not seen since the Great Depression. The pandemic thus makes the option of historical justice even more valuable than it was when this book was written. It is in such times that the price of reversing the cumulative effects of past injustice is something that the financial sector can be made to pay.
Keywords: Covid 19, financial panic, political panic, pandemic, immunity, illiquidity, capital markets, social cooperation, immunity, contagion
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