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Can Capitalism Survive the Corona Crisis?

From

22
3:30 pm June 2020

To

22
4:30 pm June 2020

Webinar

Karim El Aynaoui, President of the Policy Center for the New South will intervene in the annual Brussels Forum organized by the German Marshall Fund of the United States (GMF) in a high level session under the theme « Can Capitalism Survive the Corona Crisis? »

The economic impact of the coronavirus pandemic is unprecedented. Across the globe, many of the world’s largest economies have come to a screeching halt and closed all “non-essential” business as governments try to slow the spread of the deadly disease. In the United States alone, more than 30 million people filed unemployment claims in March and April, and the federal government issued more than two trillion dollars in economic bailout and relief. In Europe, the economic toll has been just as bad. The Eurozone economy suffered its steepest decline in business activity since the Second World War, and the European Central Bank predicted the European economy could shrink as much as 15 percent on the year. At the same time, many that have been hit by the economic crisis are questioning whether our capitalist societies can address the challenges ahead. They argue that a system that leaves millions of workers so vulnerable to increased inequalities due to job loss, economic hardship, and in some cases even poses a threat to their physical health, is both inefficient and immoral. In this virtual session, experts from both sides of the Atlantic will examine the merits of capitalism as a system and discuss what the global economy will look like post-coronavirus.

The webinar will take place on June 22, 16:30-17:30 CET / 10:30 a.m. - 11:30 a.m. EDT, 03:30 p.m Morocco time.

Speakers
Karim El Aynaoui
Executive President
Karim El Aynaoui is Executive President of the Policy Center for the New South. He is also Executive Vice-President of Mohammed VI Polytechnic University and Dean of its Humanities, Economics and Social Sciences Cluster. Karim El Aynaoui is an economist. From 2005 to 2012, he worked at the Central Bank of Morocco where he held the position of Director of Economics, Statistics, and International Relations. At the Central Bank of Morocco, he was in charge of the Research Department and equally a member of the Governor’s Cabinet. Previously, he worked for eight years at the World Bank as an Economist for its regional units of the Middle East and North Africa and Africa. Karim El Aynaoui has published books and journal articles on macroeconomic issues in developing countries. Hi ...