ANALYSIS: The world order is being remade. It was before coronavirus, and it is accelerating now
Historian Adam Tooze, in his book The Deluge, says the break up of the Ottoman, Habsburg and Russian empires meant that"although sovereignty was multiplied, it was hollowed out".
He writes:"It was precisely the looming potential, the future dominance of American capitalist democracy that was the common factor impelling Hitler, Stalin, the Italian fascists and their Japanese counterparts to such radical action". We are still a connected world. Globalism is not so easily unwound. Indeed, a global response is necessary in part to defeat the virus.
What will the post coronavirus world look like? Do we take an authoritarian turn? Does government continue to play a bigger part in our lives? Does the state trump free markets?
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