One of the economic side effects of the coronavirus pandemic is the crumbling traditional boundaries between markets and governments. In the U.S., the federal government’s Coronavirus Aid, Relief, and Economic Security (CARES) Act of March 2020 earmarked an unprecedented 10% of GDP to support private commerce; and in the U.K., by June 2020, more than one-quarter of all workers were on state-supported furloughs.

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