Covid-19 and a global, financial depression

There are many signs pointing at an imminent global financial, economic meltdown, although we do not want to read the writing on the wall. And all these signs already existed before the Covid-19 stopped us on our tracks, giving us some time out.

Our present time very closely parallels the late 1920s, 1930s with the Great Depression and the years leading up to the 2nd World War. There is a reckless investment, spending, overproduction, and overconsumption as if there was no tomorrow, everybody is debt and pays for the debt with even greater debt.

At the same time tension, animosity between nations — in the form of territorial disputes, trade wars, proxy-wars, taunting, reciprocal accusations grows. Societies are breaking along the lines of inequality, racism, and a very sensitive sign of great Human crisis situations — antisemitism — exponentially grows all over the world.

And the usual “reassurance” that “nobody is stupid enough to incite war, move towards destruction” is very weak and vague, after all the whole of Human history is a helplessly, inevitably recurring chain of vicious cycles with ever greater devastation.

Thus we should take those “signs on the wall” very seriously, we should use the “time-out” received from the virus very carefully, with true mutual responsibility as with it we received an unprecedented free choice to stop ourselves sleepwalking into the next civilization-ending explosion, meltdown — this time on a truly global scale.