Al Jazeera has an article kind of relevant to this topic:
For the record I do not necessarily agree with everything said in the above article but just some food for thought.
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This whole outbreak has only served to further convince me that the CPC needs to go.
Unlike Maximus, this whole outbreak has only served to further convince me in superiority (moral, intellectual, cultural, organizational) of Far East over West. They are just wiser than us (in this "us" I also include Russia). In the short term, this will lead to growth of Chinese soft power and will become a painful blow to Western self-confidence. In the long-term... who knows? But if the Chinese are destined to rule the world, I do not mind. They have just proved: they really deserve this unlike the current hegemon.
This Italian guy got it right, that's why he's replacing the EU flag to Chinese:
Oh Ru, I really did miss you .
An opinion (machine translation from French, I think):
The choice of the unconditional winner it is the law of all great wars... Coronavirus is war, as stated by Emmanuel Macron, and many other heads of state, and she is no exception to the rule. At first, everyone thought that the epidemic will cause irreparable blow to China. Europe and the United States defiantly rejoiced in the misfortunes of the Chinese. We laughed at the lack of basic hygiene, excessive pollution, the tyrannical restrictions of totalitarian regimes. And then China has managed to get out of a difficult position, while European countries have plunged into this nightmare.
But the worst was yet to come: Singapore, Taiwan, South Korea. Those in China’s neighboring countries was quickly taken to combat the epidemic. There was a mass struggle by using test masks and respirators, were closed borders, movement of people was monitored. Used old-fashioned and modern methods of protection. The West in vain mocked authoritarian regimes and the remnants of Confucian culture, the results were conclusive: a small number of deaths and not collapsed economy. In European countries everything is exactly the opposite.
For a Long time in France thought that Italy will be the only exception due to shortcomings in its hospital system. We didn’t realize that Italy was the only Outpost of our own degradation. No tests, no masks, no respirators — we fought a war without modern weapons, but with weapons of the 19th century: universal isolation. The most fatal to freedom measure. And our usual defenders of the rights and freedoms of the media, intellectuals, progressives welcomed these measures and call for more and more! Our leaders had the audacity to tell us that the masks and tests are worthless.
As said by the former foreign Minister of France Hubert védrine, “the European Union, the single market and competition policy was created for a world without tragedies.” And when trouble knocks on our door, our understanding of the world puts us to our knees, while Asian countries demonstrate their unquestionable superiority.
"...created for a world without tragedies" - Damn true! I remember my dad (not historian or sociologist at all) telling me that many years ago: "They're just the greenhouse plants... Let's see what will happen to their "prosperity" and "unity" after the very first serious trouble."
Home prices in New York will go down and so will rent. Same with the rest of America.
I might be able to buy a home next year.
Communism is a contraption of the devil.
Off topic, I know, but that is one hell of a good show.
^ +1 For good show taste at least I may post this in the economic thread as well btw, since it's very much tied to that topic. Long, but very fascinating article I think asks the right questions with some possible answers going forwards.
What will the world be like after coronavirus? Four possible futures
By Simon Mair
I think we can understand our situation – and what might lie in our future – by looking at the political economy of other crises. My research focuses on the fundamentals of the modern economy: global supply chains, wages, and productivity. I look at the way that economic dynamics contribute to challenges like climate change and low levels of mental and physical health among workers. I have argued that we need a very different kind of economics if we are to build socially just and ecologically sound futures. In the face of Covid-19, this has never been more obvious.The responses to the Covid-19 pandemic are simply the amplification of the dynamic that drives other social and ecological crises: the prioritisation of one type of value over others. This dynamic has played a large part in driving global responses to Covid-19. So as responses to the virus evolve, how might our economic futures develop?
From an economic perspective, there are four possible futures: a descent into barbarism, a robust state capitalism, a radical state socialism, and a transformation into a big society built on mutual aid. Versions of all of these futures are perfectly possible, if not equally desirable.
^ ^ ^
I'm not sure about the rest of the world, but USA should, IMHO, move in blue direction. If situation with coronavirus will continue to deteriorate, I can't exclude the military coup. Perhaps, this will not even be called this way and Donald Trump will stay president de-jure, but will lose the real power: "At this difficult and fateful hour, the Army offered, and President adopted, a set of measures, which..."
At absolute minimum:
1) Supply & demand has been reallocated across the economy, with travel & events zero'd out, remote work & masks to infinity
2) Virus permanently changes public behavior
3) Supply chain disruption just starting
4) More still en route:
Even if the virus did vanish in a puff of smoke and everyone went "back to work", the behavior of billions of people and every country has been permanently changed.
Demand won't quickly come back, borders won't easily reopen, international relations won't be the same.
China is the best case scenario for at least a "new normal", but:
- every citizen is being tracked
- borders have been closed
- demand for many products is way down
- daily behavior has changed
And the US is on track for more disruption than China.
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