French President Emmanuel Macron (left), US President Donald Trump and other leaders of the world’s seven richest democracies attend a session at the annual G7 Summit in August 2019. The US, Europe and Japan must initiate fiscal reflationary measures that will spur global growth. Photo: AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

The coronavirus crisis should trigger a turn to caring capitalism through a united global policy response

  • Rather than focusing on interest rate cuts, major economies must coordinate policy action, along the lines of the Marshall Plan, to propel growth in the less-developed world
  • Given the size of military spending, resources for such a strategy are available
French President Emmanuel Macron (left), US President Donald Trump and other leaders of the world’s seven richest democracies attend a session at the annual G7 Summit in August 2019. The US, Europe and Japan must initiate fiscal reflationary measures that will spur global growth. Photo: AFP
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