Economic policy: the courage to destruction

The Italian philosopher Antonio Gramsci has described crises as "Interregnum" – as an interim rule so that the old certainties were dying, the New cannot be b

Economic policy: the courage to destruction

The Italian philosopher Antonio Gramsci has described crises as "Interregnum" – as an interim rule so that the old certainties were dying, the New cannot be born. Gramsci, who founded the Communist party in Italy, and in 1937, has died, have not thought safe to Corona, stimulus programs and credit screens, as he formulated these thoughts. Nevertheless, his sentences describe very suitable for the epochal challenges of this economic crisis.

It die since the outbreak of the crisis, certainties, and entire business models. Who can say reasonably reliably predict whether people will ever leave again, to so many, long journeys, such as in front of the Corona? It is unclear whether the trade in goods will climb in an increasingly protectionist world of the old heights. With greater certainty an automotive supplier, specialising in petrol and diesel engines, we can say: it is no longer needed in its current Form soon. The New is not yet born – but the first ultrasound images, in order to remain in the image of the Italian thinker.

The policy would do well to operate as a midwife, and not more old certainties to run after. Government loans for companies, of which nobody knows whether they are needed in the future, and life will be able to climb every day, new all-time highs. The government is negotiating with several companies over large measures of support and even investments, as in the case of Lufthansa. As it is now is rumored to also have car supplier interest in state rescue.

Updated Date: 15 August 2020, 02:19

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