No one knows when Covid-19 will finally be contained. One consensus suggests that a proven vaccine will likely be available and dispensed in the U.S. by the end of 2021. Moody’s Sophia Koropeckyj estimates that 5 million people will struggle to find work even after the virus has been controlled and that the recovery from the current recession, the “new normal,” won’t happen until 2023 or 2024.More ominous, a greater economically structured and unequal system – a postmodern caste system — may come to define the next new normal. No matter whether Trump or Biden is elected the next president, a far deeper crisis may await the nation. As is becoming increasingly evident, only a truly popular and democratic social restructuring of the economy and the political order can address the structural crisis the nation faces.

Source: After Covid: Will the Recession Become a Depression? –

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