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What happens when the drunken spending party ends?
What happens when billions of people wake up with the dream of endless, mindless consumption is shattered?
What happens when people realize that they don't need an expensive new smartphone, a cruise to no where, or an expensive University that teaches nothing? That life can be enjoyed without destroying it.
Who knows what will happen? For sure the air will be cleaner. The water will be purer, and for many people, the spirit will be refreshed. But for no one, will it be the same.
I sincerely wish that humanity could/would learn some of these lessons and fundamentally alter our existence, but I think you're giving people way too much credit and it is sad. My own uneducated guesses to answer these questions would be:
1. They won't. As long as people have a smartphone and a car they'll get by and a couple years down the road when there is a vaccine and this is forgotten about, the Kardashians will once again be the most important thing.
2. They will always want the expensive new smartphone, and will sacrifice almost anything else to have it. It's an addiction for most that rivals any recreational drug.
3. I wish it would change existence, but it will all be forgotten shortly after a vaccine is available and/or herd immunity has made it an afterthought for people. It'll be back to mindless consumption, detachment from the origin of our species in relation to the planet and instead just ****ting all over it.
I wish it weren't true, but it will be nothing but a blip in a decade and nothing will change.
The world is never going back to "normal" after this. The entire foundation of the debt based, infinite growth economic model may be irreparably broken.
The world is never going back to "normal" after this. The entire foundation of the debt based, infinite growth economic model may be irreparably broken.
I am not sure that is a bad thing. Explain how you come to this conclusion? Say we somehow get out of this mostly intact later this year. Most people still have the same debt load they had before, Home, Cars, Credit cards, etc. And corporate debt remains. What changes then? Does the asset value diminish greatly?
I sincerely wish that humanity could/would learn some of these lessons and fundamentally alter our existence, but I think you're giving people way too much credit and it is sad. My own uneducated guesses to answer these questions would be:
1. They won't. As long as people have a smartphone and a car they'll get by and a couple years down the road when there is a vaccine and this is forgotten about, the Kardashians will once again be the most important thing.
2. They will always want the expensive new smartphone, and will sacrifice almost anything else to have it. It's an addiction for most that rivals any recreational drug.
3. I wish it would change existence, but it will all be forgotten shortly after a vaccine is available and/or herd immunity has made it an afterthought for people. It'll be back to mindless consumption, detachment from the origin of our species in relation to the planet and instead just ****ting all over it.
I wish it weren't true, but it will be nothing but a blip in a decade and nothing will change.
There has never been a vaccine for a virus and there never will be. Viruses mutates. Deaths from influenza have gone up not down despite "vaccinations". It is all myths feeding on hopes. It's also very profitable. The only protection is a strong immune system which needs good food, exercise, clean water, and a happy spirit.
People are doing with less. Will they go back to being drunk. Industry and banks will try their hardest because they are essential drug pushers whose job is to create addictions. My friends are cutting back and I never felt the need to consume and pollute. Maybe others will learn the joys of the Simple Life.
I am not sure that is a bad thing. Explain how you come to this conclusion? Say we somehow get out of this mostly intact later this year. Most people still have the same debt load they had before, Home, Cars, Credit cards, etc. And corporate debt remains. What changes then? Does the asset value diminish greatly?
Look at the sharp declines in some of the REIT stocks, equities supposedly backed by commercial properties and rental income, you know those ”real” assets. The assets didn’t diminish in value, they were never worth that much to begin with, and the markets are finally calling their bluff.
I get his arguments but I feel it's going to be as bad as 2008 tops!! 2008 was pretty messed up so that is bad but Depression? I don't buy it.
I think a lot of people have forgotten how bad 2008 was, it was total carnage, people losing jobs and homes like flies!
I have thought that we had a recession coming this year due to Trump policy, the fact we haven't had a market correction in a decade (mostly due to playing on house money with quantitative easing rounds.) Covid-19 was that. Many multinational companies will see loses and not small ones mind you. I mention Walt Disney Company a lot in the Covid-19 issues when I speak of the economic impact on multinationals because it is an easy one.
Walt Disney back around Lunar New Year had to close their Chinese Disney theme parks. This was a rather huge lose in it of itself. Then they had a number of cancellations on their Disney Cruise Line, even though they had only one case of Covid-19 (as oppose to the Princess cruise petri-dishes.) Then Pixar had a bomb, not in quality but the fact that people didn't want to be in a theater with others, even before social distancing. Then they postponed both Mulan and then Black Widow because of the theaters closing. Then they closed Disneyland and later Walt Disney World with no-reopen in site. The Chinese Disney theme parks are now slowly re-opening.
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