A call for a blueprint for a gloomy, post-corona world: Op-ed

Ravaging the four corners of the globe, the coronavirus has destroyed global markets beyond repair in a way that is incomparable to any global crisis in recent history.
Recovery is only possible through a collective global effort under the leadership of the United States, China and the European Union in cooperation with other major powers on the world stage.
This is not the first time that world governments have faced devastating crises and implemented large stimulus packages to prevent the economy and society from collapsing.
In these unsettling times, nations are rolling out emergency plans to save economies and support their populations in distress, but they are all "go it alone" and "me first" plans that are unlikely to generate the desired outcome in such a highly interconnected global system.
We cannot go back to the days of isolation and inward-looking strategies. We must reconnect because we, as the planet's 7.8 billion people, are all in the same boat.
In this age of rapidity, and in light of the valuable lessons learned to date, it is sad to say that a common effort cannot be launched swiftly and that we must wait further until pain and hopelessness appear everywhere. This will create, it goes without saying, serious social and political disturbances that will exacerbate the current situation.
Hence, there is an urgent and pressing need now for a vigorous global campaign to rescue countries from the damage inflicted by the corona contagion and offer a more promising, "win-win" future.
Only through a well-calibrated, colossal effort can we effectively repair the global trading and investment system, restore the new equilibrium to reflect the changing balance of power economically and politically, offer a priori support for...

Continue reading on: