Coronacrisis in the Mechanisms of Cyclic Development of the World and Russian Economies

Abstract

Based on the theory of the cyclical nature of capitalist reproduction in its various (including modern) variations, the author of the article defends the thesis that the pandemic of the new coronavirus was not the root cause of the crisis in the world economy in 2020, but only a factor of its approach in time. Excessive, in the spirit of modern radical liberalism, marketization (commercialization) of country health systems and the desire of a number of nation states to use a large-scale epidemic as a powerful bioengineering weapon are classified as the most significant direct determinants of the global coronacrisis. The mechanism of the influence of the coronavirus epidemic on the state of the world economy is revealed. An attempt is made to compare the coronavirus crisis and the global financial and economic crisis of 2008–2009 with an assessment of the change in the balance of forces between the leading powers in the course of the deployment of these crises. As a «visiting card», the specifics of the current global crisis is characterized by a negative combination of supply shock and demand shock, which radically complicates the construction of an adequate system of anti-crisis regulation of the world and national economies. The place of coronacrisis shocks in the mechanism of the deepening of the Russian autonomous recession is revealed. The effectiveness of the anti-crisis activities of the Government and the Bank of Russia is constructively and critically assessed.