The Corona Crash
How the Pandemic Will Change Capitalism
Part of the Verso Pamphlets series
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112 pages / October 2020 / 9781839762055
October 2020 / 9781839762079

Free market, competitive capitalism is dead. The separation between politics and economics can no longer be sustained.

In The Corona Crash, leading economics commentator Grace Blakeley theorises about the epoch-making changes that the coronavirus brings in its wake.

We are living through a unique moment in history. The pandemic has caused the deepest global recession since the Second World War. Meanwhile the human cost is reflected in a still-rising death toll, as many states find themselves unable—and some unwilling—to grapple with the effects of the virus. Whatever happens, we can never go back to business as usual.

This crisis will tip us into a new era of monopoly capitalism, argues Blakeley, as the corporate economy collapses into the arms of the state, and the tech giants grow to unprecedented proportions.

We need a radical response. The recovery could see the transformation of our political, economic, and social systems based on the principles of the Green New Deal. If not, the alternatives, as Blakeley warns, may be even worse than we feared.


“One of the most inspiring, thought-provoking and insightful voices on the left.”

“Grace Blakeley asserts the need for Covid-19 to be a global wake-up call.”

“As Grace Blakeley notes in her excellent new book, The Corona Crash, not all increases in the size of government are created equal.”

“[The Corona Crash] makes clear that we simply cannot go back to the way things were.”

“Blakeley asks the question: if we are already living in a planned economy, shouldn’t those making the decisions be subject to scrutiny? Shouldn’t the plans that determine how we live our lives be decided democratically?”

“An urgent read … inspiring and thought-provoking, offering expansive resolutions in line with the Green New Deal that could transform our political, economic, and social systems.”

“The only solution, [Blakeley] believes, is an enormous global Green New Deal. It would be hard to find a purer iteration of the socialist critique of modern capitalism in a pandemic age.”

“An excellent exposition of pre-Covid trends towards parasitic dependence of corporate and financial capital on state monetary policy.”

“Illuminating … Blakeley connects the dots and draws out the economic and political processes that have led from the postwar boom … to the current ‘corona crash.’”

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