Debate: How should governments get us out of a coronavirus ‘Great Depression’?

As we begin to emerge slowly and nervously from lockdown, many people are asking whether this moment of collective trauma could become an opportunity for national renewal. (Subscribe: https://bit.ly/C4_News_Subscribe)

But the collapse in economic output has torn through countries’ finances.

Tough choices loom. Choices which could set the tone of our politics and society for the next decade at least. So which way should we jump?

We’re joined from the US by the economic historian and author, Niall Ferguson, a senior fellow at the Hoover Institution at Stanford University – and Stephanie Kelton, a professor of economics at Stony Brook University who’s advised Democrat presidential candidate Bernie Sanders, as well as the progressive Congresswoman Alexandria Ocasio-Cortez. She’s now advising Joe Biden’s campaign.

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About This Source - Channel 4 News

Channel 4 News is the news programme from UK Channel 4 television. Channel 4 is a British public-service free-to-air television network headquartered in Leeds, United Kingdom. The channel was established in 1982 to provide a fourth television service to the United Kingdom in addition to the licence-funded BBC One and BBC Two, and the single commercial broadcasting network ITV.

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In This Story: Alexandria Ocasio-Cortez

Alexandria Ocasio-Cortez, also known by her initials AOC, is an American politician serving as the U.S. representative for New York’s 14th congressional district since 2019. The district includes the eastern part of the Bronx, portions of north-central Queens, and Rikers Island in New York City.

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In This Story: Bernie Sanders

Bernard Sanders is an American politician who has served as the junior United States Senator from Vermont since 2007 and as U.S. Representative for the state’s at-large congressional district from 1991 to 2007. He is the longest-serving independent in U.S. congressional history, although he has a close relationship with the Democratic Party, having caucused with House and Senate Democrats for most of his congressional career.

Sanders unsuccessfully sought the Democratic Party nomination for president of the United States in 2016 and 2020, finishing in second place in both campaigns.

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In This Story: Lockdown

During the 2020 Covid-19 epidemic, lockdown has come to mean the practice of attempting to control transmission of the virus by means of restricting people’s movement and activities on a broad scale, usually on a national or state-wide basis.

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