<iframe src="//www.googletagmanager.com/ns.html?id=GTM-K3L4M3" height="0" width="0" style="display:none;visibility:hidden">

Flat White

Coronavirus will create zombie borrowers: still walking, but dead from debt

31 March 2020

5:00 AM

31 March 2020

5:00 AM

Plague and pestilence have always ushered in social and economic dislocation.  The Antonine Plague of the second century AD marked a turning point in the fortunes of the Roman Empire.  The Black Death caused widespread economic and social disruption, and even a return to serfdom in Europe. The Great Plague of London in the seventeenth century had similar far-reaching consequences. 

So, will the COVID-19 pandemic be any different?   

The Black Death in Britain and Europe is the first pandemic for which we have reliable data on the economic and social consequences that accompany widespread disease. 

Already a subscriber? Log in

Get 10 issues
for $10

Subscribe to The Spectator Australia today for the next 10 magazine issues, plus full online access, for just $10.

  • Delivery of the weekly magazine
  • Unlimited access to spectator.com.au and app
  • Spectator podcasts and newsletters
  • Full access to spectator.co.uk
Or

Unlock this article

REGISTER


Comments

Don't miss out

Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.

Already a subscriber? Log in

Close