New Left Review is one of the most influential, thought-provoking, multi-disciplinary journals in current social science field. It provides highly informed and critical perspective on contemporary world with a sharp focus on advanced capitalist societies. Susan Watkins is a regular contribution to NLR. Her article deals with the US and the EU authorities response to covid induced economic crisis. Are we entering post-neoliberal phase? The article will be of use and interest to those studying modernity and its transformations as well as most recent developments of capitalism.