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.
The financial system is mostly irrelevant. That’s mostly just a casino for rich people to gamble on the economy. It’s the economy itself that’s been hit hard. The economy is not the same thing as the financial system. This is a proper economic crisis, not a financial one.
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Hmmm right. Why doesn't X corporation just hire back 80% of its employees (assuming they got X cash to stay afloat and then extra to cover lack of demand) when this is all over though? What keeps a proper bailout from helping? Or am I confusing economy and financial sys again?
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I’ll let you figure it all out
End of conversation
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