PICT Voices #31: Wolfgang Streeck, The Economy of Buying Time
Paris Institute for Critical Thinking
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Capitalism as Pandemic
This chapter examines the parallels between economic crises and pandemics, suggesting that capitalism functions similarly to a pandemic, marked by instability and relentless transformation. The discussion critiques the illusion of stable capitalism and explores the intricate dynamics of crisis, biosecurity, and the implications of elite decision-making in the context of the COVID-19 pandemic. It also highlights how capitalism's inherent risks contribute to social inequities, particularly impacting vulnerable populations amid significant global disruptions.
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