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Canadian economist Armine Yalnizyan provides an excellent analysis of the “Cornwall Consensus”, the product of a Panel on Economic Resilience of independent appointees by the G7 nations, set up in the UK to offer policy recommendations for shaping the post-pandemic global economy. The panel’s eight recommendations essentially challenge the longstanding “Washington Consensus” that has centred neo-liberal global economics for more than 30 years. The Cornwall Consensus urges the G7 nations to promote fair and just labour standards, to invest in their human resources, and prioritize health, safety and dignity. It links the security and interests of workers with the critical need to transition to a green economy and a care economy. If nothing else, the Cornwall Consensus may start to shift policy conversations onto the ground of major structural change rooted in social and economic sustainability rather than assuming a return to the pre-pandemic normal is possible. – Brigitte Kitchen
“The audacity! Seven independent delegates from seven of the richest nations in the world came together to develop a list of recommendations for the G7 leaders to chew on … The time is now, to be exemplars of equitable recovery, and put flesh on the bones of the call for “inclusive growth”. Throughout the Global North the care economy will grow, post-pandemic. Will it generate more profit, or more well-being, for the givers and receivers of care alike? Like everything else we’ve learned from the pandemic: it’s up to us. Why shouldn’t Canada be the nation that shows the world how shift happens? […]
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