2020
DOI: 10.1111/wusa.12486
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Pandemic paradigm shift

Abstract: The surprising outbreak of an anticipated virus has exposed that the profit‐centered mode of production renders a dysfunctional society, with a high incidence of pandemic‐prone diseases. Consequently, the global health crisis and subsequent economic collapse threatening the existence of billions reveal the ultimate market failure from both heterodox and radical theoretical viewpoints. The demise of markets and capitalist systems calls for a straightforward economic intervention and radical transformation of th… Show more

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Cited by 4 publications
(3 citation statements)
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“…Government subsidies to largely compensate for working time reductions became a widespread and respected tool during the pandemic, also thanks to EU SURE funding. Establishing permanent STW schemes could be part of a broader reform triggered by the ‘COVID moment’ (Crouch, 2022) possibly leading to a ‘pandemic paradigm shift’ (Rubinić, 2020) increasing welfare state resilience and thereby strengthening Europe’s social model.…”
Section: Discussionmentioning
confidence: 99%
“…Government subsidies to largely compensate for working time reductions became a widespread and respected tool during the pandemic, also thanks to EU SURE funding. Establishing permanent STW schemes could be part of a broader reform triggered by the ‘COVID moment’ (Crouch, 2022) possibly leading to a ‘pandemic paradigm shift’ (Rubinić, 2020) increasing welfare state resilience and thereby strengthening Europe’s social model.…”
Section: Discussionmentioning
confidence: 99%
“…COVID-19 has proved to be an external shock and led to a "pandemic paradigm shift" (Rubinić, 2020). However, this "pandemic paradigmatic shift" might prove to be just that -a unique response within the broader deregulation and flexibilisation of labour markets.…”
Section: Discussionmentioning
confidence: 99%
“…Global economy is expected to shrink up to 4.9% during the second quarter of 2020 (Brodeur, Clark, Fleche, & Powdthavee, 2020; International Monetary Fund, 2020) and will be losing $9 trillion due to the pandemic (Tahir & Batool, 2020). Rubini (2020) provided a theoretical discussion of a paradigm shift and economic interventionism needed as a result of the pandemic to transform the way societal production is conceptualized due to the demise of markets and capitalist systems. This paradigm shift must deprioritize economic growth and must furnish an alternative by the political economy.…”
Section: Introductionmentioning
confidence: 99%