This position holds that coronavirus could end capitalism as international connectivity collapses. It argues that easy global travel and trade are essential to the free market, and that the pandemic is dismantling the global supply chains — built on inequality — that capitalism depends on.
Supporting arguments · 3
- Easy international travel is key to the free marketConnectivity is an essential part of a global trade, which in turn leads to prosperity. With the fall of the airline and other mobile industries, economies will inevitably turn inwards and move towards protectionist models.
- Global supply chains are built on inequality are being destroyed by coronavirusSupply chains are global because companies choose to host each constituent part where it is cheapest. This practice deepens the inequality upon which capitalism depends.
- Global supply chains are being destroyed by coronavirusBig industries rarely exist within one territory. Large scale services and manufacturing companies depend upon global supply chains for commodities. These will fall apart as transnational links erode.