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Originally Posted by biggus diggus
This can be a very complex and lengthy discussion and if we, as a group, think we can keep it civil then I wouldn't be opposed to participating a virus discussion topic, I think this thread isn't the place and I expect shawn to delete our musings again, rightfully so.
To the people saying obadno is heartless, it's not that simple. This is uncharted territory. The great depression was responsible for an immense amount of suffering and death, there are people arguing that heading down that road might actually be more destructive than letting the virus play out naturally. None of us know. Are you guys epidemiologists or economists? I'm neither, I'm just a guy. It's worth looking at both sides of the argument.
But basically this is the USA, someone's already dumped millions of dollars into something and they aren't pulling the plug unless required. We live in a capitalist country. I'm interested to see what effect all of this has on the future of capitalism.
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I dont think you will see an impact on "capitalism" I think you will see increased support for state welfare overall (unfortunately in my opinion but thats what I expect). Adopting a single payer system does not really have anything to do with this pandemic but I expect it to eventually happen sooner or later (or something close). I would also not be surprised to see general social welfare support increase, don't expect the expansions to Unemployment insurance to ever go away or some form of guaranteed income for people who cant work etc.
But I also suspect you will see people generally turn against globalist concepts that have dominated recent decades. For PR alone companies are going to actively look to re-domesticate supply chains, workers and manufacturing, and if they cant get it in the US they'll do it in Mexico or SE Asia, anything to distance themselves form China.
In general you'll see countries get stricter on immigration and travel, I think you'll see the EU's decline rapidly accelerate and I think you will see a the "Chinese Century" fail to ever materialize.
In the long term I think we will head into a world that looks a lot more like 1890 than it does like 1990. The post WW2 modern paradigm was already coming apart and its really going to change over the next couple of years.
What any of this means culturally is hard to say but its safe to assume that this is a major event for how the world has reacted to it even if overall the deaths are fairly minor. What I think is interesting is our "solution" if you can call it that as a society will be a sort of grab bag of various conservative and progressive ideas.
Maybe thatll be good or bad, I cant say for sure. Economically everyone's been worried about the next "recession" well here it is. Will it be better as short and extreme vs something a little longer but more shallow in a year or two as people expected? Another thing that we can only speculate on.