The world is spiraling toward a 'wartime economy.' Here's what experts say that will look like for America in 2020.
for years that the next pandemic was imminent. In 2018, he said "The world needs to prepare for pandemics in the same serious way it prepares for war."9,700 people and infected more than 235,000 people worldwide.
But what is a "wartime economy?" And what would that look like for fighting a virus outbreak instead of a military conflict, in the United States of 2020? The past offers some clues, and so do the needs that wartime mobilization of the modern economy would address.Many are touting the arrival of a "wartime economy" amid the coronavirus outbreak, including leading Democratic presidential candidate Joe Biden.
Former Vice President Joe Biden participates in a Democratic presidential primary debate at CNN Studios in Washington, Sunday, March 15, 2020.In the March 15 Democratic presidential debate in Washington DC, the current frontrunner, former Vice President Joe Biden, referred to the coronavirus outbreak as aThe statement started to echo around the world.
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