The Economic Effects of the Pandemic

We all know that 2020 was not a promising year, and economically speaking, it was no different. What did Covid-19 really bring out in practice?

With the economic downturn and the health crisis, we have seen the pandemic explain in what ways the current socio-economic model in the West is outdated and obsolete, by selling freedom that does not exist and cannot exist: the false idea of freedom as individualism, which is made possible at the expense of the exploitation of the working mass, which in turn is romanticized and maintained through the equally fallacious meritocratic concept. Metrics and studies have shown that in 2020 rates of production, trade, services, and employment have dropped dramatically across the world. The pandemic forced the world to revise the current economic logic and exposed the weaknesses of the current capitalist system: the unsustainability of constant consumption, inequality as an objective, and individualism as the basis of an increasingly plural and complex society. The pandemic is not individual, and countries that approached the crisis through individualist ideological bias have failed to combat it.

For decades the mantra of the economy repeated to exhaustion and the exclusion of empirical data, recited the ideological prescription of reducing government investment in social protection networks, public services, and public policies that would meet the general demands of the population, in favor of less State regulation and control over private initiatives, because thus, supposedly, the economy would be free to develop and guarantee maximum prosperity for the greatest number of people. In practice, this vision never materialized.

While large conglomerates, multinationals, and financial giants, supported by globalized financial capital expanded their fortunes during the pandemic, small and medium-sized companies that depend on the production and circulation of products in the short term are helplessly watching the strangulation of their productive capacities. The Covid-19 pandemic exposed, more than never, the contradiction between those who produce value and those who appropriate the value generated, without contributing anything to its production.

We live in an economic model that widens the difference between classes and makes social mobility difficult because it removes growth conditions and often even survival.

In this context, in opposition to the current system, FreedomeE appears precisely to fight for the creation of conditions to generate economic and social equality. We fight for the creation of new forms of work, new commercial relations between parts of the chain, new forms of income generated that provide fair and dignified opportunities for all, proposing to reduce the economic and social gap through a new economic model that is not guided by the individualistic and exclusive principles of the current system. Our ecosystem is guided by 5 pillars of positive impact, (economic, socio-cultural, technological, environmental, and qualitative) so that the effects of fair and innovative commercial relations extend to all spheres of society, as we understand that the solution of the new era is democratic, inclusive and collective.