Leave Behind the Defunct Economic Nostrums of the Past

The world is facing a multitude of challenges, from climate change and inequality to the crisis of confidence in our political and economic institutions. The capitalist system itself is undergoing yet another existential crisis, and many countries are facing various trials of their own. The United States is in the grips of an opioid crisis, a childhood diabetes crisis, and a political crisis. China, already struggling to maintain growth in the context of a broader trade and technology war with US President Donald Trump’s administration, is beset by a coronavirus epidemic that threatens to become a pandemic. Argentina is confronting another debt crisis, and mass demonstrations are roiling countries worldwide.