Capitalism has entered the worst crisis in the history of its existence. The economic damage triggered by the pandemic is unprecedented in its size and scale. Tens of millions of workers worldwide have lost their jobs. Entire industries like tourism, hospitality, and aviation have been decimated. There will be no return to ‘normality’. And yet, despite this dire situation, stock markets have been booming in recent months. Global equity prices rose by 6.7% between July and early this month.
