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The Commercial Determinants of Three Contemporary National Crises: How Corporate Practices Intersect With the COVID‐19 Pandemic, Economic Downturn, and Racial Inequity
Author(s) -
MAANI NASON,
VAN SCHALKWYK MAY CI,
PETTICREW MARK,
GALEA SANDRO
Publication year - 2021
Publication title -
the milbank quarterly
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.563
H-Index - 101
eISSN - 1468-0009
pISSN - 0887-378X
DOI - 10.1111/1468-0009.12510
Subject(s) - covid-19 , racism , recession , pandemic , criticism , development economics , political science , corporate governance , political economy , nonmarket forces , neoliberalism (international relations) , austerity , economics , politics , market economy , law , medicine , disease , finance , pathology , infectious disease (medical specialty) , keynesian economics , factor market
Policy Points The United States finds itself in the middle of an unprecedented combination of crises: a global pandemic, economic crisis, and unprecedented civic responses to structural racism. While public sector responses to these crises have faced much justified criticism, the commercial determinants of these crises have not been sufficiently examined. In this commentary we examine the nature of the contributions of such actors to the conditions that underpin these crises in the United States through their market and nonmarket activities. On the basis of this analysis, we make recommendations on the role of governance and civil society in relation to such commercial actors in a post‐COVID‐19 world.