After COVID, a New “New Economy”

Abstract

With COVID, employees are questioning their exploitative workplace conditions, providing opportunities to rethink conventional arrangements. How might we reorganize economies so that they actually support the vast majority of people? How might we create stronger institutions to protect us against the array of existential threats we now face—which would include not just another pandemic, but also ongoing political instability, growing economic inequality, and the impending climate catastrophe? Besides introducing policies that guarantee a certain standard of living, people could explore cooperatives and other participatory organizations where members exercise a greater say in how to run their groups.