Without a doubt, the coronavirus is shaking the financial industry like never before. This is not the first time the world has faced a pandemic of this scale, nor is the first time that policy makers, business leaders and pundits have asked: “Is it different this time around? Are we at a turning point?”
After the first paper “Covid-19 The Invisible Hand Pointing Investors Down The Road To The 70s” setting the scene for some of the key themes investors will face in the aftermath of the Covid-19 Crisis, in this second paper of “The Day After” series, we would like to highlight one crucial consequence of the crisis: the vanishing – and probably for long – of most of the established economic rules liberal democracies were living by since the advent of the “Washington Consensus” and the ideological revolution of the 1980s.
Historically, pandemics have forced humans to break with the past and imagine their world anew. This one is no different. It is a portal, a gateway between one world and the next.Arundhati Roy
Indian novelist and political activist
Financial Times, April 3rd, 2020
Learn the rules like a pro, so you can break them like an artistPablo Picasso