What would the economy look like if “don’t waste the crisis” advocates of neoliberalism in business, the government and the media had their way?
Imagine Australia in, say, late 2021. The world economy is recovering as the last border restrictions in major economies are removed. International air travel is back to a limited version of its pre-virus self.
Unemployment in the US under a re-elected Donald Trump is back below 8%. Unemployment in Europe’s major economies outside Germany is still double digits, but no longer at depression levels.