Every new crisis forces us to reevaluate our perceptions of the past and to reconsider forecasts for the future. The Covid-19 pandemic is no exception. Economists and social scientists are now trying to explain the differing performance of countries in terms of the spread of the infection and the economic costs of the recession. However, more general questions are gradually moving to the center of the discussion, such as what are the current pandemic and recession telling us about the competitiveness of different economic models?