V. Termini – The risk of inflation cannot be our priority: The effect’s of Biden’s economic policy
Today we are going through a deep economic crisis, different from the ones that we were accustomed to. It was brought on by an apparently extraneous cause, the Sars-Covid 19 virus. But the way our lives are organised – urban crowding, relationship with the environment, climate, migratory congestion and the speed of travel – accounts at least in part for the pandemic. It is a crisis that calls for immediate response in the short term and structural changes in the long run.
In this perspective, we must not fail to recognise the major economic discontinuity that has come about, marking the end of the 50-year dominance of the neo-liberal economic paradigm.