The reason d’etre of ‘European Bank for Reconstruction and Development’ is to build ‘Market Economies’: the institutionalizing of the utterly failed Mises/Hayek/Friedman romance with an abstraction, in service to profit alone, owing nothing to the once prized civic obligation, that citizens owe to one another!
The defining feature of what? Not Democracy nor Republicanism, but the rapacious Free Market, that brought the ‘West’ into an ever spiraling economic/political crises! Are ‘we’ suffering from economic/political amnesia?
In the face of The Pandemic, the imperative of Democratic States is to rebuild indigenous manufacturing, to replace ‘supply chains’ that do not recognize public health and welfare as imperatives! If ‘we’ are survive, indeed if ‘we’ are to prosper, from bottom to top of our societies, the reinvigoration of the idea and practice of that Civic Ideal is the sine qua non, that must define both our politics and economics!