Creative States: Is state-led risk-taking the answer to post-Covid-19 recovery?

Papaioannou, Theo (2021). Creative States: Is state-led risk-taking the answer to post-Covid-19 recovery? RSA Journal, CLXVII(1) pp. 30–35.

URL: https://www.thersa.org/comment/2021/04/creative-st...

Abstract

With Covid-19 vaccines starting to be rolled out, and an end to the pandemic in sight, states around the world are starting to look ahead to economic and social recovery. The technological innovation that led to the development of vaccines and treatments seems to have provided an exit strategy from the pandemic but not from its dire global consequences. This article asks whether state-led risk-taking is the answer to post-Covid-19 recovery. It argues that the answer is yes provided such a state does not contradict its own principles and foundations. State-led risk-taking faces certain legitimacy constraints.