Has Covid-19 exposed the flaws of a free market economy?

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

SINCE the 80s, the governments have chosen to take a back seat and let the economy steer itself. Governments intervene only when there’s a problem. Th...

the 80s, the governments have chosen to take a back seat and let the economy steer itself. Governments intervene only when there’s a problem.

In the UK, a nation-wide healthcare service, NHS saw budget cuts when the Conservative government took over - that policy has left the NHS weakened. The US, a country with no universal healthcare expectedly faced problems. Only those with insurance could afford medical care, and many weren’t sure if their insurance would cover Covid-19 testing. Fortunately, a televised address from President Donald Trump assured citizens that insurance companies would cover Covid-19 testing for free.In addition to showing the importance of healthcare, lockdowns or Movement Control Orders has shown the type of workers and economies that really matter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in BUSİNESS

Business Business Latest News, Business Business Headlines