The coronavirus pandemic has revealed capitalism’s greatest weakness ...Middle East

Quartz - Economy
The coronavirus pandemic has revealed capitalism’s greatest weakness
source : Quartz ( Middle East ) () 4
Instead of being the great leveler, as pandemics have been throughout history, the coronavirus pandemic has revealed and compounded pre-existing inequalities in wealth, race, gender, age, education and geographical location.This is the paradox with which Ian Goldin—the former CEO of the Development Bank of Southern Africa and now a professor at the University of Oxford—begins his recently published book, Rescue: From Global Crisis to a Better World.Past studies of the forces driving the reduction of inequality have foregrounded “malign forces”—such as wars, natural catastrophes, and epidemics—and “benign forces”—more widely accessible education, increased social transfers, and progressive ta

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