Quote:
Originally Posted by AnnieK
That makes pretty scary reading TS  |
It is scary, and I think even people who do understand why it's scary sort of want to ignore it for the time being - an attitude of "well OK but let's get Covid out of the way and THEN we'll worry about the aftermath". I'm worried that it's going to be far, far too late. People in the western world have been living in a relatively pretty bubble for 70+ years and think that our standard of living can't really, dramatically change. People are perhaps imagining a bit of a recession like 2008. Some service cuts that are frustrating, some wage freezing, etc.
That is not what we're looking at right now. If 2008's global recession was a roll down a bumpy hill, this is going to be a cliff-dive with no parachute. It's the ugly elephant in the room that no one wants to look at because of the Covid gremlin in the other corner.