Our world seems to have become an unending series of emergencies. These included 9/11, the Great Recession (2008), and the global frenzy known as COVID-19. Since 2020, we have been in one continuous emergency, requiring extraordinarily drastic measures by government to address, globally. We are living daily in this state of emergency, but where is it leading?
We don’t learn from history, but we should, according to various wise folks. But is this really true? My head learns from the study of history, but my heart and will learn from direct personal experience. Also known as the hard way. The leaders who are making history today probably act primarily on the basis of personal experience and consequent hard-way learning. Why
We were long overdue for a great unraveling. It came at last, and now seems mostly done. That is good. Now for the tough part – a final crisis phase that sets the stage for a new and better beginning. Based on centuries of history, war seems to be an inevitable part of this crisis process. But is war truly inevitable?
Much has been written recently about the “old normal” being gone and some kind of “new normal” replacing it. I have argued that the old normal refers to stability and predictability, with relatively gradual changes. COVID-19 definitely fried that world, leaving us in times of fast change, unpredictability, and chaos. So, what is next for the economy?
