Varoufakis: “A glimmer of hope, capitalism has been suspensed”

“capitalism has been suspended. The last time capitalism was suspended in the west was during the second world war, with the advent of the war economy: a command economy that fixed prices. The war economy marked the transcendence of the standard capitalist model.”

“But what we see now is not so much the suspension of capitalism. The rules of capitalism may have been suspended – all those sacrosanct policies are gone, the neat separation of fiscal and monetary policy is gone, the idea that public debt is a bad thing is gone.”

‘There is a glimmer of hope’: economists on coronavirus and capitalism | World news | The Guardian