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Did Capitalism Fail During the Pandemic?

The Soho Forum Debates

CHAPTER

The Impact of COVID on Income Inequality and Capitalism

This chapter explores how the COVID-19 pandemic exacerbated income inequality, benefiting the wealthy while risking frontline workers. It critiques the role of capitalism in handling the pandemic, addressing issues of crony capitalism and government-business alliances. The chapter also discusses the economic consequences of lockdowns, the Federal Reserve's role in financing deficits, and alternative strategies like focused protection for vulnerable populations.

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