COVID-19 pandemic

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April 10, 2026

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April 10, 2026

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"The pandemic, explained the Swedish Prime Minister Magdalena Andersson, was the definitive ā€˜end of the neoliberal era inaugurated by Thatcher and Reagan’. We don’t just hear that from Social Democrats these days. Now right-wing populists, journalists and economists also claim that ā€˜the Reagan/Thatcher era is over’. These two leaders are often used as symbols of the era of economic liberalization in the early 1980s, and I agree that it feels an awful lot like that era has come to an end. Donald Trump’s advisor Stephen Moore declared that the Republicans are no longer Reagan’s party but Trump’s, and that’s exactly how the party comes across in their recent agitation against free trade, immigration and tech companies, not to mention lies about election fraud. (Reagan once called the peaceful transfer of power the ā€˜magic’ of the free world.) Thatcher’s Tories have abandoned the European single market she was once instrumental in developing, and have simultaneously abandoned many other economic orthodoxies, toying with more active industrial policies and ā€˜Buy British’ slogans – a new attitude that Boris Johnson in an unguarded moment happened to summarize as ā€˜fuck business’. His short-lived successor, Liz Truss, who famously declared that large-scale imports of cheese were ā€˜a disgrace’, tried to invoke the Iron Lady, albeit through her boldness rather than her policies. Instead, Truss railed against the ā€˜consensus of the Treasury, of economists, with the Financial Times’ that budgets should be balanced and went on to doom her premiership with a massive, unfunded package of energy subsidies and tax cuts, which markets refused to finance."

- COVID-19 pandemic

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"If I had to sum it up, I would say sheer madness. It's obscene. It's strictly political, really, an attempt to divert from what we all know has been a gross mismanagement of the prevention phase of this in the United States and the response phase, and it's tragic because the World Health Organization now is moving into a phase where it is going to try to help avert a catastrophe in the developing world. If we think about how difficult it has been for us in the United States with our sophisticated healthcare system to manage this crisis, imagine living in a slum in a developing country or in a refugee camp. And in places like that, the only place you really have to turn for expertise and for financial support is the World Health Organization when governments themselves can't provide the resources. So the timing of this is particularly catastrophic because it is just about to wallop parts of the world in vulnerable communities that really can't handle it. I mean, Trump has a point about aspects of the World Health Organization's response that have been problematic. The problem is his very criticisms are ones that you could levy just as easily at him, overreliance on China, flattery of China, sucking up to China, to put it in an undiplomatic way. I mean, that's something that we saw it characterize the early phase of the U.S. response led by President Trump, and downplaying the crisis until it was too late, missing the month of February, as he did, to get the testing apparatuses in place and put in place the kinds of guidelines that we have now but at the time when it's already spread across the country."

- COVID-19 pandemic

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