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Boston Review talks with Nobel Prize-winning economist Angus Deaton about COVID-19, the relationship between culture, financial hardship, and health, and why capitalism’s flaws are proving fatal for America’s working class.
Black Americans are dying of COVID-19 at much higher rates than whites, and nowhere more so than in St. Louis. This is the result of racist policies which collapsed the social safety net while setting blacks in the path of danger.
While the government and some banks have announced mortgage moratoriums, they have not insisted that rent relief be passed on to tenants. Many renters don’t know what they will do come April 1, let alone May 1.