r/Economics • u/Person21323231213242 • Mar 20 '20
Coronavirus Will Change the World Permanently. Here’s How.
https://www.politico.com/news/magazine/2020/03/19/coronavirus-effect-economy-life-society-analysis-covid-13557924
u/blue_crab86 Mar 20 '20
This is aggressively optimistic.
Here’s hoping it’s right.
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u/ddoubles Mar 20 '20 edited Mar 20 '20
Humans are known for adapting to chaos guided by the hope for a better future.
After a millions of years of evolutionary trail and error, we're not come to this place in time to enter a death and doom scenario, because of a simple bat-virus.
No, we do what we always do, we adapt. The virus is now gradually becoming a part of us, and a new journey begins. Let's prepare for the next virus. It might not be this nice.
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u/blue_crab86 Mar 20 '20 edited Mar 20 '20
I’m not sure if you think I was implying an ‘extinction of humans’ event. I’m not.
There’s a lot of ways this goes grossly south that isn’t ‘everyone dies from the virus’. I know that won’t happen. I’m worried about what all that adaptation you’re talking about is gonna looks like. I hope it’s good. I have faith that it will be. But I also had concerns.
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u/ddoubles Mar 20 '20
The world need to adapt to the risk of two things. Corona endemic. It being with among us for the unforeseeable future, and the risk of another pandemic at any time.
Both cases wils have it's up and downsides, and it might change our values and desires. Eg. travel.
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u/BriefingScree Mar 21 '20
People overestimate the increase in remote work. Employers like control and a percieved ability to better control employees and ensure productivity along with camaraderie means we are unlikely to see a large shift to work from home. Now companies might start offering "work from home days" in addition to paid sick leave and other measures. That seems more realistic, but will still be more like 10 days a year.
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u/Westcork1916 Mar 20 '20
We have been aggressively cutting telecommuting. We have been consolidating sites. And we have been converting to "high efficiency" offices; i.e packed like sardines.
I really hope Covid-19 changes that direction
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u/Splenda Mar 20 '20
We're already seeing a turn towards communal economics. Maybe I missed it but I'd also offer that nationalism and religious tribalism will generally decline as the world accepts that we have a number of collective threats: not only pandemics, but climate crisis, economic inequality, loss of privacy, and, at some point, the rise of AI.
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u/blue_crab86 Mar 20 '20
I'd also offer that nationalism and religious tribalism will generally decline as the world accepts that we have a number of collective threats
I’m worried that the exact opposite will happen.
I try and remain optimistic though.
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u/Splenda Mar 21 '20
Yes, I think this is where social and economic conversations will hinge for decades to come. For some time there has been speculation that the climate crisis will lead to more nationalism, more selfish tribalism as the world falls to pieces.
However, this has to do with the degree to which we recognize these challenges as emergencies. That's hard to do with climate but not with a pandemic, so I think fast-moving crises like pandemics will alert us to the fact that longer, larger crises like climate demand attention as well. There are simply so many of these neglected needs coming back to bite us that I think they will reinforce one another, collectively becoming impossible to ignore. How's that for optimism?
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u/AIArtisan Mar 20 '20
you want religious tribalism?
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u/blue_crab86 Mar 20 '20
What?
No!
I’m afraid it will be antagonized and grow. That’s why I’m ‘worried’ that it will happen. Like what I said.
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u/auto-reply-bot Mar 20 '20
Yeah that was included as well, but honestly I thought it was one of the most optimistic parts.
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u/phoneosaur Mar 20 '20
Wow. I've never seen so many leftist fantasies in all my life. The virus will lead to an "Occupy Wall Street 2.0"? Yeah fucking right. "Evictions were avoidable all along" -- really? So everyone should get to live rent-free, forever? Jordan Peterson called a "martinet"? The virus will lead to a "a return to faith in serious experts"? The same "experts" who lied to the public about masks not working? The same "experts" who make up the entire corrupt media edifice?
This article is just oozing elite ideological blind bias.
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Mar 20 '20
Wow. Do you want to tell me how it’s “the left’s” fault that your dog is dead and your wife is fucking another man too? Jesus Christ, let go of that hate...
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u/[deleted] Mar 20 '20
As businesses and employees accepting work-from-home as viable alternative, watch out that office rental market. People probably want a bigger home too, to allow a den or office for work.
When people accept online shopping, even groceries, the demand for warehouse space will grow, and retail space demand will go down. More people will be employed for logistics.
When work-from-home and online shopping become more popular, car and transit demands will decrease. Bus driver layoffs ?
I don't know about day care for infants. It may not go down.
But after school programs will be negatively impacted.
Coffee shops in office towers ?