Tag Archives: COVID-19

Polanyi’s Prescience: Covid-19, Market Utopianism, and the Reality of Society

Posted on October 16, 2020 by Oleg Komlik

by Margaret Somers and Fred Block * One of Karl Polanyi’s fundamental concepts is ‘the reality of society’, a term he uses in The Great Transformation (TGT) (Polanyi 1944/2001) to contest the idealised model of the autonomous self-regulating market. Modern … Continue reading →

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Political Economy After Neoliberalism: A Manifesto for New Thinking

Posted on October 8, 2020 by Oleg Komlik

by Neil Fligstein and Steven Vogel* If anything could have dislodged the neoliberal doctrine of freeing the market from the government, you might have expected the coronavirus pandemic to do the trick. Of course, the same was said about the global financial … Continue reading →

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The Probable Implications of the Coronavirus Crisis — Bruno Latour, James Galbraith, Mike Davis

Posted on June 12, 2020 by Oleg Komlik

> Bruno Latour: “The [COVID-19] health crisis prepares, induces, incites us to prepare for climate change… What allows the two crises to occur in succession is the sudden and painful realization that the classical definition of society – humans among … Continue reading →

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“Herd Immunity” is Epidemiological Neoliberalism

Posted on April 24, 2020 by Oleg Komlik

by Isabel Frey* While most European countries are imposing lockdowns to stop the spread of the coronavirus, a few countries are opting for a different strategy: herd immunity. Instead of testing as many people as possible and implementing measures to … Continue reading →

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The Probable Implications of the Coronavirus Crisis — Mariana Mazzucato, Eva Illouz, Alain Badiou

Posted on April 11, 2020 by Oleg Komlik

> Mariana Mazzucato: “Capitalism is facing at least 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 … Continue reading →

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The Probable Implications of the Coronavirus Crisis — Costas Lapavitsas, Katharina Pistor, David Runciman

Posted on April 3, 2020 by Oleg Komlik

> Costas Lapavitsas: “This Crisis has exposed the absurdities of Neoliberalism. That doesn’t mean it’ll destroy it… The nation-state has always been at the heart of neoliberal capitalism, guaranteeing the class rule of the dominant corporate and financial bloc through … Continue reading →

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Coronavirus and the Economy

Posted on March 31, 2020 by Oleg Komlik

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The Probable Implications of the Coronavirus Crisis — David Harvey, William Davies, Ivan Krastev

Posted on March 27, 2020 by Oleg Komlik

> David Harvey: “Forty years of neoliberalism… had left the public totally exposed and ill-prepared to face a public health crisis of this sort… In many parts of the supposed “civilized” world, local governments and state authorities, which invariably form … Continue reading →

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The Probable Implications of the Coronavirus Crisis — Adam Tooze, Judith Butler, Radhika Desai

Posted on March 24, 2020 by Oleg Komlik

> Radhika Desai: “The present pandemic is certain to be different not because it is more lethal than previous ones (it is not), nor because it is causing havoc in financial markets (as most crises of neoliberal era have), but … Continue reading →

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Keeping Business Alive: The Government as a Payer of Last Resort

Posted on March 22, 2020 by Oleg Komlik

by Emmanuel Saez & Gabriel Zucman* The coronavirus threatens the world’s economic life. The most important message that needs to come from heads of state immediately, even before any new law or complete implementation details are provided, is: “Do not … Continue reading →

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The Probable Implications of the Coronavirus Crisis — Slavoj Zizek, Branko Milanovic, David Grossman

Posted on March 20, 2020 by Oleg Komlik

> Branko Milanovic: “In the current crisis, people who have not become fully specialized enjoy an advantage… Everything that used to be an advantage in a heavily specialized economy now becomes a disadvantage, and the reverse.”[…] “The human toll of … Continue reading →

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Neoliberalism, Varieties of Capitalism, and Coronavirus

Posted on March 10, 2020 by Oleg Komlik

Since Neoliberalism shaped and fortified the notion that ‘the economy’ precedes ‘society’, now that Coronavirus crisis requires to put society first — this is perceived by many as simply illogical and capricious. The pandemic around the world is demonstrating a … Continue reading →

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