via Economic & Political Weekly I by K. N. Harilal I September 5, 2020

Real versus Fictitious: The Pandemic Closing In on the World of Finance

“The COVID-19 pandemic is stretching the contradictions of the present economic arrangements to the limits. The system survived inflating financial assets and feeding on inequalities. The divide between the real economy and the sphere of finance cannot be left unchecked without risking an economic catastrophe. Wealth and income inequalities cannot be pushed anymore without irretrievably damaging the underlying social contract. The virus is making change inevitable…”

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