THE CURSE OF OVERLOOKING SECONDARY CONSEQUENCES: THE COVID-19 EXAMPLE
THE CURSE OF OVERLOOKING SECONDARY CONSEQUENCES: THE COVID-19 EXAMPLE

Summary/Abstract: Since January 2020, the global community has faced what may be tagged a biological war against the ravaging COVID-19 pandemic. While many countries in the world have been hard hit by this virus, response patterns to the pandemic have varied from country to country and, expectedly, with varying success rates. The global community witnessed a surge in socialist policies as a response pattern to the COVID-19 pandemic. This paper argued that the countries with poor COVID-19 responses are predominantly capitalist economies under the curse of overlooking secondary consequences. The paper examined concepts such as socialism, capitalism, free market and command economy. The paper then offered philosophical argumentation for its conclusion that the COVID-19 reality is strong evidence that adopting socialist policies in an economy is more reliable than a predominantly capitalist economy, and should be the background to rebuilding the post COVID-19 economies.

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