Liberal or Organized Capitalism?

When we understand the recent history of capitalism as a pendulum movement between liberal and organized phases of capitalism, a new phase of organized capitalism currently looks far more likely than a stabilization of liberal capitalism. The coronavirus crisis has contributed to a fundamental crisis of liberal capitalism. At the same time, we are witnessing various indications for a rise of organized features of capitalism. Correspondingly, we may assume a more prominent economic role of the state in many economies in post-coronavirus capitalism. This entails a larger importance not only in terms of spending, but also in the control of companies and the steering of markets.