Mariana Mazzucato: Capitalism’s Triple Crisis

The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( APRIL 5, 2020 This week at [Project Syndicate]( Javier Solana speculates, after testing positive for COVID-19, on the promise and pitfalls of the post-pandemic world; Mariana Mazzucato argues that now is the time to reform capitalist systems; William A. Haseltine pinpoints the reasons behind America’s failed pandemic response; and more. Join the conversation. Culture & Society [Our Finest Hour]( [Javier Solana]( says that even if the COVID-19 crisis is not remembered as our respective countries’ “finest hour,” to borrow Churchill’s words, let it at least be ours. Economics & Finance [Capitalism’s Triple Crisis]( [Mariana Mazzucato]( shows why only a forward-looking, entrepreneurial state can save the system from itself. Health & Development [Why America Is Losing to COVID-19]( [William A. Haseltine]( explains why the US response to the pandemic has failed so spectacularly compared to other countries. Politics & World Affairs [The Trump Presidency Turns Deadly]( [E]( Drew]( expects the US president's chief concern, as the COVID-19 body count rises, to be whom to blame. [Witnessing Wuhan]( On Point [Witnessing Wuhan]( [Tracy Wen Liu]( shares harrowing first-person testimonials from the front lines of the COVID-19 outbreak in China. Politics & World Affairs [Four Priorities for a Global Pandemic Strategy]( [Josep Borrell]( examines the scale and scope of international cooperation that will be needed to resolve the COVID-19 crisis. Economics & Finance [The Two Pandemics]( [Robert J. Shiller]( shows how the financial contagion triggered by the COVID-19 crisis has taken on a life of its own. [Will Europe Lead or Lag?]( Big Picture [Will Europe Lead or Lag?]( PS commentators weigh whether the bloc can manage the COVID-19 crisis at home and raise its standing abroad. Health & Development [Welcome to the Post-Virus World]( [Simon Johnson]( argues that mastering our new reality requires recognizing that a return to "normal" is not an option. Health & Development [Ebola Lessons for Fighting COVID-19]( [Ngozi Okonjo-Iweala]( argues that the only way to defeat the coronavirus fully is to develop and distribute a vaccine worldwide. [Sławomir Sierakowski]( Say More Interview [Sławomir Sierakowski]( compares the current situation in Poland to a political thriller, describes the foreign policy Europe needs, and provides an ideal pandemic reading list. Economics & Finance [The Priority for the Social-Distancing Period]( [Michael Spence]( urges governments to use the next few weeks to build the capacity for COVID-19 testing and containment. Politics & World Affairs [The Spirit of Milan]( [Alex Soros]( sees in the city's plight a chance for Europe to save itself – and a growing risk that it won't. Support High-Quality Commentary For more than 25 years, Project Syndicate has been guided by a simple credo: All people deserve access to a broad range of views by the world’s foremost leaders and thinkers on the issues, events, and forces shaping their lives. As the COVID-19 pandemic escalates, and its direct and indirect effects reverberate around the world, that mission is more important than ever – and we remain committed to fulfilling it. But there is no doubt that the intensifying crisis puts us, like so many other organizations, under growing strain. If you are in a position to support us, please [subscribe now](. As a subscriber, you will enjoy unlimited access to our On Point suite of long reads and book reviews, Say More contributor interviews, The Year Ahead magazine, the full PS archive, and much more. You will also directly support our mission of delivering the highest-quality commentary on the world’s most pressing issues – including the latest outbreak-related developments – to as wide an audience as possible. By helping us to build a truly open world of ideas, every PS subscriber makes a real difference. Thank you. [SUBSCRIBE NOW]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.