Though the extent of its long-term impact is still unclear, it is increasingly believed by experts that the COVID-19 pandemic will change the world in a number of important ways. With respect to business and capitalism, COVID-19 poses a number of unique challenges that can already be observed. Based on this, please answer the following questions:

a. What assumptions of capitalism has COVID-19 fundamentally challenged? Pick any three assumptions of capitalism discussed in the course and explain how they are challenged by COVID-19. Use examples where possible. (9 points)

b. How are the debates around CSR, shareholders/stakeholder, short-term/long-term, and corporate power reflected in the COVID-19 pandemic? Pick any two debates discussed in the course and describe in detail how they are relevant to COVID-19. Use examples where possible. (8 points)

c. How will COVID-19 change business and capitalism? In this course we have discussed many of the key events in the recent history of capitalism (stock market crash of 1929, World War 2, OPEC oil shocks, financial crisis of 2008). How do you believe COVID-19 will change capitalism? What will change? What will stay the same? Why? Use examples where possible