We may be seeing the rise of a new authoritarian capitalism shielded from democratic scrutiny
âWhat does policing have to do with the economy? The true answer is âquite a lotâ.â Protest against the police, crime, sentencing and courts bill, London, 17 April. Photograph: Vuk Valcic/SOPA Images/REX/Shutterstock
âWhat does policing have to do with the economy? The true answer is âquite a lotâ.â Protest against the police, crime, sentencing and courts bill, London, 17 April. Photograph: Vuk Valcic/SOPA Images/REX/Shutterstock
Thu 29 Apr 2021 07.15 EDT
Last modified on Thu 29 Apr 2021 13.04 EDT
Thirteen years after the financial crisis put the global economy on life support, neoliberal capitalism is facing an existential crisis. The Covid-19 pandemic has exposed the disastrous consequences of decades of privatisation, deregulation and outsourcing. In order to contain the economic fallout from the pandemic, western countries have ripped up the neoliberal playbook.