Saving Work, Saving Markets? Public Law and Policy Post-COVID
Liberalism – and hence market-based forms of ordering- and constitutional democracy are closely intertwined. Yet liberal economic models are facing unprecedented challenges, including challenges of rising economic inequality and concentrated economic hardship. Behind these trends also lie tectonic shifts in how markets operate globally – trends driven by increasing globalisation, automation, and “gigification“ or the fissurization of work. Saving liberalism, and its promise, thus requires responding directly to these challenges, and finding new ways to “make work work“ for democratic citizens in the future. It requires rethinking our attachment to free markets, and moving toward a stronger commitment to fair markets, or markets that combine a commitment to free exchange with a commitment to ensuring dignity for all, the taming of market power, and adequate state responses to externalities.