During the pandemic, a new variant of capitalism has emerged | Larry Elliott | The Guardian

The building blocks of new-variant capitalism are already there. Governments are going to tax and spend more, and they will use regulatory powers to weaken monopolies. There will be selective use of nationalisation – as happened with UK defence manufacturer Sheffield Forgemasters this week. Another roaring 20s? We need to do better than that Dan Davies Read more Governments will borrow money to invest in infrastructure projects and to increase the budget for science. Industrial and regional policies will be back in vogue. The idea is to harness the power of the state with the dynamism of the private sector and, as was the case with Keynes, to save capitalism from itself.

Source: During the pandemic, a new variant of capitalism has emerged | Larry Elliott | The Guardian

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