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“The end is in sight. Effectively deployed testing may be able to ameliorate social distancing until the vaccines arrive …To have several highly effective vaccines for this horrible virus after less than a year is a quite astonishing achievement, among the greatest things that we — by which I mean both humanity in general and molecular biologists in particular — have ever accomplished.” So wrote Rupert Beale of the Francis Crick Institute in the London Review of Books early last month. But before we start celebrating, we should remember that a year ago the possibility that the worl...

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The Shock Doctrine. Capitalism has always existed One of the first things you will be told about capitalism is that it has always existed. This is claimed by Adam Smith as well as the neoclassical economists. This is hardly the case for the entire school of Marxists and economic institutionalists who will tell you that capitalism is roughly 500 years old. In addition, no anthropologist will agree that tribal societies or even agricultural civilizations like Egypt, Mesopotamia, China or India had purely capitalist economic exchanges within their societies. Even external trade cannot be charact...

ORIENTATION Name me one country where socialism works When I first considered myself a socialist revolutionary in 1970, I was hounded by free marketers’ challenge: “name me one country where socialism works”. These market fundamentalists would then hold up the most strident expectations for socialism: Everyone is exactly equal with no classes. There is an abundance of goods which are conveniently circulated. Political rule is not dictatorial. All competition is banished. People are working together, collectively and creatively. The state has withered away. Anything less than this was pr...

Will Coronavirus Be the Death of Cities? Not So Fast An urban expert on how the pandemic will give us a once-in-a-century opportunity to reinvent our cities, suburbs and rural areas The coronavirus pandemic could have a lasting impact on city life. WSJ’s Jaden Urbi explores how the ways we work, shop and play are changing as urban designers refocus on health, tech and open spaces. Illustration: Zoë Soriano By Richard Florida Dec. 10, 2020 10:00 am ET The Covid-19 crisis is bringing a Great Reset to our cities, suburbs and communities. Not just th...