Market and Property: Socio-Economic Lessons of the Pandemia

Publication type Article
Status Published
Occupation: Professor at Department of Political Economy of Faculty of Economics, Director of Center for Modern Marxist Studies at Faculty of Philosophy; Chief Researcher
Lomonosov Moscow State University
Financial University under the Government of the Russian Federation
Address: Russian Federation, Moscow
Occupation: Head of the Laboratory for Comparative Research of Socio-Economic Systems
Lomonosov Moscow State University
Institute of Economics, Russian Academy of Sciences
Address: Russian Federation, Moscow
Journal nameSotsiologicheskie issledovaniya
EditionIssue 8

The authors explore the nature of the transformation of the main public institutions under a pandemic, focusing on the analysis of changes in the system of socio-economic relations. It is noted that the first symptoms of the global crisis arose before the pandemic and were further intensified. Based on the first empirical data on the consequences of a pandemic, the thesis is proved, developing by authors earlier, that market coordination relations are substantially complemented directly by public regulation. Changes in property relations and relevant contradictions in labor relations are revealed. The interests of various social strata and new impulses of income redistribution, reducing inequality, solidarity, and transformation in the system of values and motivation of the person are shown. A number of measures in the field of socio-economic policy and reforming institutions aimed at developing an optimal strategy for overcoming the crisis are proposed.

Keywordscrisis, сoronavirus COVID-19, inequality, market, solidarity, justice, human being
Publication date15.09.2020
Number of characters37691
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