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The Covid-19-sparked global economic depression is “a singular event in the history of world capitalism,” said Duboisian scholar Anthony Monteiro. “It might be the crisis that so disabled the world capitalist system that it will never be the same.” What’s different from previous crises is, this time, “there is no capitalist nation that can save capitalism the way the US did after World War Two,” said Monteiro. “This is like a crisis unto death.”
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