Is Our Economic System Collapsing, or Just Changing?

Is Our Economic System Collapsing, or Just Changing?

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?