Yep, DG A global depression alone and e.g. the UK GDP crashing 15% as estiated, would be enough to totally change how most of us live:
I'm old enough to remember the miners strike and one point the NUM made that mines once abandoned can never be reopened. You'd need to cut new seams.
I think the post covid world is going to contain the equivalent of a lot of flooded mines. No need to bailout the airline industry if the post-covid world is not going to support people flitting all over the globe.
If fewer people need to travel to work, then how many second cars are going to be surplus to requirements ? With the implications for the motor industry, fuel sales and insurance industries.
I've been seeing a future where personal motor transport is replaced by autonomous electric vehicles, but there's no reason why that can't come a little earlier with people switching to a huge fleet of Ubers.
Presumably the seismic shifts in social behaviour will feed into crime and policing ? I wonder how fewer domestic burglaries there will be with more homes occupied during the day ? With the added weight of people not being able to go out for the foreseeable future ?
With the entire global economy being a series of interlocking cogs, there is only so far the UK can buck the trend before something explodes in a nightmare of clockwork.
The most important thing is what a post-covid political demographic will represent. A combination of older folk who suddenly "get it" plus a younger generation that can no longer be denied as they were in 2019, and it's an incredibly fluid and plastic situation.
One irrefutable fact - certainly from everyone I've been chatting with (online, naturally
) - is that there is now a realisation that something if not everything has to change. And how that gets interpreted and put into reality in the next few years will be up for grabs.
When the Great Storm of 1987 had immediately passed, there were tales of doom and gloom about the environmental disaster it was. But within 6 months, scientists were amazed at the transformation visible in the destroyed forests. Most markedly where tall trees had been felled and light was reaching the ground for the first time in centuries, occasioning the sprouting of plants long thought gone, and the associated insects and birds that go with them.
I will be fascinated to see what nature fills any covid-made vacuums with.