Ending the Pandemic Slump: Is Keynes the Way Out?

Global trade has shrunk 20% this year and real world GDP contracted by 4.3%. What is the cause of this? Keynesians say there is a lack of global demand and the reason they state is because wages and capitalist investments are low. How good is this analysis? Marxian economist Michael Roberts argues that both their analyses and their solutions won’t lead us out of the the pandemic slump we’re in.

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