Capitalism is facing three major crises. A pandemic-induced health crisis has rapidly ignited an economic crisis with yet unknown consequences for financial stability, and all of this is playing out against the backdrop of a climate crisis that cannot be addressed under the rubric of business as usual. It may be hard to cast your mind back, but in January 2020, the news media were full of frightening images of overwhelmed firefighters in Australia, and flood workers in Venice—not overwhelmed health care providers all over the world. Indeed, a 2020 outlook published in The Economist had not one word on Covid-19.This triple crisis has revealed just how unprepared we continue to be—and how our
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