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The stan­dard nar­ra­tive about the cur­rent cri­sis is that the coro­na virus pathogen trig­gered an eco­nom­ic col­lapse. But what is cru­cial­ly ignored is that neo-lib­er­al cap­i­tal­ism was already weak and stressed out, a pre-exist­ing con­di­tion, if you will. That sys­temic weak­ness went into free fall when the pan­dem­ic hit. In its long his­to­ry, cap­i­tal­ism has pro­duced many booms and busts but this peri­od, par­tic­u­lar­ly since Rea­gan, has pro­duced spec­tac­u­lar inequal­i­ties in wealth and income. Tens of mil­lions, if they even have a job, live pay­check-to-pay­check. We’re all in this togeth­er? Right? That’s what the signs say. But not the rich. They have their coun­try estates, yachts and island retreats to shel­ter in place. The big ques­tion is: Once the cri­sis abates are we going to go back to busi­ness as usu­al, or will there be fun­da­men­tal change?