Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 1

Marxism (socialism) seems prevailing in the status quo of the pandemic.

The Covid-19 has altered


the world order in many ways such as economically. The Global Economic Prospects, predicts about
5.2 per cent contraction in the global GDP in 2020. Mostly the Western Democratic countries are
severely affected. The unemployment rate is high because of the lockdown and restrictions which
adversely affect the local businesses, trade is declining, the situation of the poor section of the
society is worsened and the stratification grows among the classes. Many developed countries like
USA and UK have antonomic rescue packages and loans, to confront the upcoming financial
instability. While the Indian government brought some unfavourable reforms, against which millions
of workers protested. Marxism seems prevailing as the Chinese government controlled the outbreak
out Covid-19 in highly effective way than any other country. Beijing utilized economic, scientific and
human resources in order to rescue its people. Socialists and Communist states welfare policies
preserved them from adverse effects than the rest of the world, which is still confronting the Corona
pestilence.

You might also like