Saturday, August 22, 2020

Coronavirus and the economy: Can the world cope with more debt?



As stocks soar to record highs and inequality deepens during the pandemic, is it time to finally confront capitalism?


With more than 22 million coronavirus cases and almost 800,000 deaths worldwide, the health crisis is far from over, as countries face second waves of coronavirus cases.
We may have seen some of the worst economic costs, but more pain could be lurking in the months ahead.
Against this backdrop, the United States and China have potentially also inched closer to a new Cold War.

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