Rise of Liberal Socialism to reshape the Coronomics
174 Views12 Pages
1 File ▾
The global economy has been locked-down due to the Covid-19 pandemic almost for four months. Some countries have formally imposed the lockdown and in some countries, people keep themselves in self-isolation, a precautionary measure. Most international flights have been shut down and production and trading businesses are no more in operation. The human-being came back to its humane character from the robotized behavior. Till May 6, the death toll reached 264,837 predominantly in developed countries led by the USA. Although the virus transmission is worldwide the severity of its outbreak is relatively higher in developed countries which favor and practice the liberal economy. It has reversed the world economy creating the greatest recession around the globe since 1930s. The pandemic that the world has been suffering is the fundamental but there are multiple devastating effects on human lives and livelihoods. The health pandemic is tending towards a severe hunger epidemic. There are some countries suffering from multiple epidemics. Capitalism has generated massive wealth for some, but it has devastated the planet and has failed to improve human well-being. So, the emergence of a new system that balances economic mobility and human flourishing is sought. The concept of ‘Protective Liberalism’ can be a replacement to libertarianism as the socio-economic policy for ‘Liberal Socialism’. It can also be coined as ‘Social Capitalism’ that reshapes ‘Coronomics’ in an egalitarian manner.
No comments:
Post a Comment