Author Topic: Covid and Political Economy  (Read 774 times)

ergophobe

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Covid and Political Economy
« on: September 20, 2020, 04:02:46 PM »
Brief, but interesting look at what Covid reveals about different systems: liberal market economies (e.g. US, UK), co-ordinated market economies (DE, Scandinavia) and "political capitalism (China).

https://www.economist.com/finance-and-economics/2020/09/12/which-is-the-best-market-model

Vague and high-level, but essentially argues that CMES are better at incremental innovation, while LMES are better at radical innovation.

Quote
America’s and Britain’s virus-containment strategies can seem disjointed and occasionally chaotic. As swashbuckling LMEs, however, they are more likely to be the source of the most transformative innovations in the pandemic: treatments and vaccines.