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Justice Is an OptionA Democratic Theory of Finance for the Twenty-First Century$
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Robert Meister

Print publication date: 2021

Print ISBN-13: 9780226702889

Published to Chicago Scholarship Online: January 2022

DOI: 10.7208/chicago/9780226734514.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 28 June 2022

Afterword: Spring 2020

Afterword: Spring 2020

Chapter:
(p.199) Afterword: Spring 2020
Source:
Justice Is an Option
Author(s):

Robert Meister

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226734514.003.0010

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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