Will Covid-19 kill shareholder-first capitalism?
As people start to consider what it may look like when lockdowns lift, some are asking whether shareholder capitalism can survive Covid-19. Increasingly, workers are demanding better treatment from their employers and governments are attaching strings to business bailouts. With the fragility of even huge global businesses exposed by the coronavirus shock, many are asking if we can rebuild our economy to be stronger, more resilient, and fairer. The first idea on the chopping block may be bottom-line obsessed shareholder-first capitalism. ย โ Felicity Duncan
Under free-market capitalism, households are expected to be prepared for emergencies. Experts chide those who haven't saved up enough to cover their expenses when a crisis hits โ we're all supposed to be able to pay our bills for at least a few months after losing our jobs.
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