The entire world is on lockdown (except America, naturally), and the worst is yet to come.
Everyone agrees that this is true, even if they disagree on how we got here or how to proceed.
Because even if the coronavirus was an empty bun that disappeared tomorrow, the hole it pricks in the Mother of All Bubbles is still going to mean chaos for the entire global economy. Unfortunately, the virus is not going to disappear tomorrow, nor will the behavior it inspires.
The economy has been a bubble in search of a pin for a long time. Maybe exporting our savings through inflation to third world shitholes where people shit in the streets, wipe their asses with their hands, and eat uncooked bats was kind of a shortsighted plan? The coming recession will hopefully afford everyone the opportunity to reflect on the costs we’re having to pay for the globalization of our economy.
In the meantime, we’re going to fiddle while Rome burns and describe the dominoes as they fall. Hopefully we can make enough of an impact on the fringes to have a ripple effect on the broader conversation. Maybe then we can avoid making these same mistakes again.
This is EPISODE 390 of So to Speak w/ Jared Howe!