• A brightly lit hallway lined with red numbered mailboxes or storage lockers on both sides. The walls, drawers, and lighting fixtures are all red, creating a striking monochromatic design. The polished floor reflects the light, and a white desk is visible on the left side near the entrance.

The Politics of Debt and Disease

Even before COVID-19, unprecedented levels of public and private borrowing placed debt at the centre of academic and public debates. If access to credit at this stage of the pandemic is crucial for keeping alive economies across the globe, the health crisis has further exacerbated our reliance on borrowing. Massive efforts are expected of states and central banks to support not only individual financial institutions but the financial system as a whole.