Crisis redux
As the coronavirus and its political combatants hold the world hostage, it is pertinent to scrutinize the (geo) political and economic context within which the pandemic has emerged. Many analyses view neoliberalism as the culprit, having given rise to a dismantling and marketization of public services such as healthcare for which we are now paying the price. The virus confirms the bankruptcy of neoliberal capitalism, based upon global production networks of western corporations and Chinese factories, allowing the virus to spread across the globe. Alas, neoliberalism is in trouble once again, perhaps terminally ill.
That said, the death of neoliberalism has been pronounced before, not least in the wake of the 2007-08 financial crisis, from which it however quickly resurfaced stronger than before. Moreover, western neoliberalism has witnessed a significant mutation over the last years, not least to better accommodate the changing logics of global capitalism.
