Political scientist Ian Bremmer says there are silver linings in the “depression” brought on by the COVID-19 pandemic. In fact, he said, the world may have needed this crisis to happen.
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For some organizations, near-term survival is the only agenda item. Others are peering through the fog of uncertainty, thinking about how to position themselves once the crisis has passed and things return to normal. The question is, ‘What will normal look like?’ While no one can say how long the crisis will last, what we find on the other side will not look like the normal of recent years.
These words combined with my dad’s advice, got me thinking about the other “truths” that I have finally accepted. And my dad was right — my life has gotten a lot easier.
However long it will take, we will eventually beat back this virus, and our economies will eventually recover from the punishing recession it will have brought about. But when the dust settles and the masks come off, the pandemic will have permanently reshaped our social and economic behavior. Here are a few outcomes that seem increasingly likely.
A number of weeks ago, a TV anchor in New York asked me when the Coronavirus pandemic would be over, and when would the stock market finally bottom. I told her I couldn’t give her a specific date, but I could tell her the precise criteria that would be needed in order to know when everything would be returned to normal.
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