Global Trends 2020

Faith in Captalism

Selling loo roll

Some people are profiteering from the crisis by buying items like toilet roll or hand sanitizer and selling them on online marketplaces at trumped up prices.

“The Guardian found one UK-based seller who had pocketed £1,000 from selling packs of Andrex toilet roll at £50 each – more than double the retail price – on eBay since Saturday morning.”

Source: https://www.theguardian.com/uk-news/2020/mar/16/ebay-urged-to-clamp-down-on-coronavirus-profiteering

Capitalism’s turning point

After a few decades of dominance, western liberal capitalism is now competing with authoritarian capitalism in China and Russia. The post-Cold War logic that ‘west is best’ has cracked. Inside western societies