Work

Globalization and the Pandemic

Year: 2020

Type: article

Abstract: The conflict between the interests of the people and the dictates of finance, which underlies the entire phenomenon of globalization and characterizes the entire era of globalization, has come to a head with the current pandemic. The need to reach help to the working people during the pandemic, when they are without employment and income owing to the lockdown, is urgent; but the dictates of finance, which frowns on taxing the capitalists or resorting to an enlarged fiscal deficit, stand in the way of doing so. The contradiction between the dictates of finance and the interests of the people has thus become absolutely acute during the pandemic.

Source: Agrarian South Journal of Political Economy A triannual Journal of Agrarian South Network and CARES

DOI: 10.1177/2277976020970035

Author: Prabhat Patnaik

Institution: Jawaharlal Nehru University

Language: English

Topic: Political Economy and Marxism

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: hybrid

Estimated APC paid: $3,000