And let's not forget that a high industry leads level of private debt caused the global financial crisis. Unfortunately, during the last decade many countries implemented austerity measures, as if public debt were the problem. The result was a weakening of the very industry leads public institutions we need to overcome crises like the Covid-19 pandemic. Since 2015, the UK has slashed the health budget by £1bn ($1.2bn), increasing pressure on industry leads doctors in training (many have dropped out of the NHS altogether) and reducing long-term investment they are needed so that patients receive treatment in safe, modern and well-staffed facilities.

And in the United States (which never industry leads had a well-funded public health system) the Trump administration has long been trying tocut funding and capabilities to the Centers for Disease Control and Prevention (CDC), in addition to other crucial institutions. industry leads As if this self-inflicted damage were not enough, an excessively "financialized" corporate sector has been extracting value from the economy to reward shareholders with share buyback industry leads plans, instead of propping up long-term growth by investing in research and development, salaries and worker training.

That left households devoid of financial industry leads buffers, making it difficult for them to access basic goods like housing and education. The bad news is that the coronavirus crisis is exacerbating all of these problems. The good news is that we can use the current state industry leads of emergency to start creating a more inclusive and sustainable economy. It is not about postponing or preventing state support, but about structuring it correctly. We need to avoid the mistakes of the post-2008 era, when bailout programs allowed corporations to further increase their profits industry leads after the crisis ended, but did not lay the groundwork for a strong and inclusive recovery.