EgonSpengler
Deity
- Joined
- Jun 26, 2014
- Messages
- 12,260
I do think the direct effects of the pandemic are being felt more acutely and more pervasively than the Cold War's was. In terms of the global economy, I think it's premature to say that the damage done to the world economy by the pandemic isn't recoverable. It's certainly a big moment of change, but the nature of that change is yet to be determined. Here in the US, the number of people moving, quitting jobs, or finding that they can work remotely is large and growing, but the scope and effect of that are still in the future. Companies are downsizing their offices; families are relocating out of big, expensive cities. The "retail apocalypse" and housing crises were happening already, but it seems like the pandemic has accelerated both. Nobody knows what business travel will look like after the pandemic as receded.