Since I am currently being occupied with the preparations of my university studies and collecting coins doing Deliveroo, I am sharing less (interesting) content. However, I do my best to keep my game up so to say. Therefore, I try to relate my university studies on topics related to this website. Also, considering recent world developments, I think there is or will be a more pressing call for more insight into postmodern states of peaceful coexistence. That being said, I think the assumption can be made, and, is definitely worthwhile investigating, in chaotic times and times of transition like those of ours.
To begin with, the Corona event is not a black swan event, despite the surprise it gave, it wasn’t inconceivable. (https://keesbergsol.nl/black-swan-events-and-the-robustness-of-a-system/) . Many ambitious people commit their lives in preventing epidemics for years already (the pandemic series on Netflix shows). So Corona could have been predicted and better prepared for. However, what matters are the collateral effects it has on the economic and political systems right now and in the coming future.
It is already shown that this economic recession won’t be a quick V curve rebound after a cash injection, but more an U curve rebound speaking in terms of financial graphics. (https://www.youtube.com/watch?v=EfMF0MB3AP8)
The trillions of extra cash in the economic system that already has trillions of debt has a negative compounded effect of the stimulus it has on confidence and economic growth. It has, therefore, missed its use of stimulating the economy. In my opinion, therefore, the central banks are again trying to fix ‘run a way capitalism‘ or the ‘peacock effect‘
by the same methods that created the systematic collapse we are currently seeing.
As if Corona hit (neo)capitalism and globalization in its Achilles’ heel. It shows how raising inter-connectivity among highly specialized and interdependent agents in a globalized world system could easily collapse when an event like an epidemic disturbs the whole fabric of what makes globalization work. Downside of being highly specialized, not easily replaceable and interdependent as a worker results in negative feedback loops throughout all nations that are in the globalized economic and political chains. In systems thinking this way of organizing economic prosperity has a ‘low redundancy’ , meaning that parts or workers in an organization are hard to replace to keep the greater system intact. The economic dependencies of free trade could easily trigger an increase of nationalism and protectionism to redeem the redundant aspect for a call of national safety. Therefore, these times call for grace in figuring out how to extinguish a ‘house together that is already on fire’, or maybe better just build something new.
Let me know your thoughts on the matters above,