Before-after diffs of previous western crises
Black Death: High Middle Ages (1000-1300) to age of exploration (1400-1500)
30 years war: Holy Roman Empire to enlightenment
WW1: Victorian-Georgian to Modernist-Progressive
WW2: Modernist to post
Covid19? Place your bets now.
Conversation
The one bright spot: more modern crises seem to last less long. So I’d say 3-5 years for this one to pass. Of course you may not like the new world, but that’s your problem, not a crisis.
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Why so long? What effects from this are really gonna take 5 years? Again, as with all this stuff, I'm probably naive but I can't picture the illness lasting that long and I can't picture the economic effects lasting so long. 2 years maybe
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I don’t think you’re appreciating the sheer magnitude of the economic devastation. It’s an order of magnitude more than 2008. A fragile house of cards has collapsed. It’s not, like Trump claims, a blow to a healthy system that will bounce back fast.
Replying to
Okay I see that, but there seems to be a qualitative difference between this and 2008. 2008 was about a problem within the financial system itself. It made employers and individuals warier of that system.
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