As usual, mainstream economics will do anything to avoid the question of why every 8-10 years capitalism stumbles. Their favorite hobbyhorse is to blame “externalities” separate from the system. In this case it’s the COVID-19 virus.
But as Michael Roberts points out the global capitalist system had debt problems, growing rebellion and decline of manufacturing long before the virus. Furthermore, capitalist intensive agricultural practices, helped produce the virus to begin with.
Read the interview with Michael Roberts in Spectre Journal