The Coronavirus and the Economic Crisis this Time
By Prof. Sam Gindin
Global Research,
“…so many of the out-of-the way things had happened lately, that Alice has begun to think that very few things indeed were really impossible” — Lewis Carroll, Alice in Wonderland.
Crises – not regular downturns but major crises – are characterized by the uncertainty they bring. They interrupt the normal and require yet-to-be discovered abnormal responses in order for us to move on. In the midst of these periodic calamities, we don’t know how or even whether we will stumble out of them nor what to expect if they do end. Crises are, consequently, moments of turmoil with openings for new political developments, good and bad.
Because each such crisis modifies the trajectory of history, the subsequent crisis oc...