‘There are three lessons to draw from this crisis.
‘First, the pandemic exposes the flaws of neoliberalism which deifies the free market and vilifies the state... Under this scenario, risks are socialised while profits are privatised. It weakens the capacity and readiness of society to respond to unanticipated nation-wide crisis.
‘Second, had the rich western countries cast off their ideological blinkers and used the opportunities after the GFC to invest in infrastructure, research and development, public goods, reduction of huge inequalities and other form of capital development, the whole world would have been in better conditions to deal with the unfolding situation.
‘Third, the crisis underscores the interdependence resulting from systematic integration over the past several decades. It is a cliché now to say that pathogen respects no border. It took only a few weeks for the virus to travel worldwide. A global solidarity is needed to tackle problem of this nature which unfortunately is not being displayed...
‘The world has to act in a concerted action. We are all in the same boat; a leak in one part will sink the boat no matter where the source.’
Read here (IPS News, April 1, 2020)
