TITLE:
Capitalism after the Coronavirus: Public Goods, Sustainability and the Role of the State
AUTHORS:
Maria Rita Pierleoni
KEYWORDS:
Coronavirus Pandemic, Capitalism, Sustainability, Global Public Goods
JOURNAL NAME:
Theoretical Economics Letters,
Vol.10 No.4,
August
11,
2020
ABSTRACT: The Coronavirus pandemic has clearly brought to
light the profound weakness of modern societies that concerns a disappointing
form of capitalism based on erroneous principles and priorities. In this short
paper is discussed about both this weakness and the needed change that should
put at first place: 1) the
pursuit of ethical and moral principles and then those strictly economic and 2) to rethink with greater
emphasis at the central role played by the State and International
Organizations in the supply of public goods, including global ones. We are
faced with a global crisis that must be addressed with global governance,
especially in order to guarantee the supply of certain public goods, such as
the health care and the safeguard of the environment which are strictly
connected with each other. The Agenda 2030 and COP21 define the road map to follow.