The US is already experiencing record unemployment, and stock markets are crashing all over the world. The economic impact of coronavirus is already huge. Does this mean the end of capitalism? Or are we reading too much into this economic shock? Previous economic crashes, such as 2008, made no change at all to the global capitalist economy, so why would coronavirus?
Yes, without spending, capitalism will collapseShow moreShow less
Capitalism relies on the exchange of goods. When you can't exchange goods, the system collapses.