Post
Topic
Board Economics
Re: returning to normal
by
panganib999
on 28/04/2020, 22:31:37 UTC
there's a new narrative emerging that life will never return to normal after the coronavirus pandemic:

Quote
I don't think people realize that there is no normal to go back to anymore.

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

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.

https://twitter.com/balajis/status/1246151098986983424

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Which industries will die off first because of pandemic?

The obvious one for me is the movie theaters but what else?

https://twitter.com/needacoin/status/1246191483746574337

what do you think---are entire industries about to disappear because of the pandemic? will some aspects of the economy and general life irreversibly change after this?

or are these people just drama queens who are blowing everything out of proportion? maybe people will forget all about the coronavirus in a couple years time and nothing will change. that's what happened after the H1N1 scare.

I think it is not just a drama or overthinking as well as over reacting because it is true that we cannot go back to our normal lives together with the economic development that easy as for now because there is still no cure for the virus so what we can have is still to be cautious on the things around us which also changes our behavior and the way we think because of the pandemic. It does not mean that because we cannot get back to normal life as of now is it will become permanent, no. It is just for temporary while the cure is still into discovery, but when the cure have been found, surely everything will get back to normal. Although there are some changes, well at least there will be new lesson of life we can bring to the future to avoid such thing like this pandemic to happen again.