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- W3035569516 abstract "When millions of people in China and abroad are confining themselves at home because of thecoronavirus epidemic, they are taking time off the rat race and thinking about the real meaning of life.But can the free market deal with such an epidemic when it calls for minimal government? And whenthere is huge disagreement over what to do in a panic, can a fully democratic government deal with newcrises that are unprecedented in recent history? The recent debate in the West whether democracy isfailing stems from increasing disillusionment with what the neoliberal order promised and what wasdelivered. In Social Contract in the 21st Century, McKinsey Global Institute has just published anexcellent survey on what has happened to workers, consumers and savers in 22 advanced economiescovering 57 percent of world gross domestic product. The neoliberal order preached free markets,individual freedom, human rights, rule of law and electoral democracy-essentially government of thepeople, by the people and for the people.Keywords: market, social contract, coronavirus, government" @default.
- W3035569516 created "2020-06-19" @default.
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- W3035569516 date "2020-04-29" @default.
- W3035569516 modified "2023-09-27" @default.
- W3035569516 title "Market and Social Collateral Damage of Wuhan Coronavirus" @default.
- W3035569516 hasPublicationYear "2020" @default.
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