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The duel: Should we aim to get the economy back to “business as usual”?

Is our capitalist economy an unparalleled engine of prosperity, or a human and ecological disaster? Two contributors debate whether the system is worth saving

Photo: Adrian Brown/SIPA USA/PA Images

Yes—Paul Wallace

It is tempting, when living through a once-in-a-century event such as the coronavirus pandemic, to say everything must change: that it’s time to tear up the rulebook and to create a completely new kind of economy. Tempting, but wrong. In fact, what we need is to rebuild the existing capitalist economy, which for all its faults has been an engine for greater prosperity not just…

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