The western economic system cannot deal with lockdowns, and more generally, any kind of stop-the-world scenarios.
What will be most important now is how the west will be able to deal with this crisis in comparison to China.
If the Chinese system is able to deal with the crisis more effectively in economic terms, this may put the western system as a whole in jeopardy, in particular values like freedom and privacy.
What will be most important now is how the west will be able to deal with this crisis in comparison to China.
If the Chinese system is able to deal with the crisis more effectively in economic terms, this may put the western system as a whole in jeopardy, in particular values like freedom and privacy.