COVID-19: Capitalism needs a revisit

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Passersby wearing protective face masks following an outbreak of the coronavirus disease (COVID-19) are reflected on a screen displaying stock prices outside a brokerage in Tokyo, Japan. Photo: Reuters The spread of the COVID-19 pandemic has forced a major portion of the global population to go under lockdown. It has shredded global equity markets by 25% in just a month, forced major central banks to offer negative real rates, and raised questions about the survival of innumerable industries, big and small.

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