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Did 2020 Break Economics?!
Recapping the year that challenged everything we knew about how nations work, economics and what to expect from our futures.
2020 (the ‘year-who-must-not-be-named’) launched an all out attack on economics. At every turn there was an event, a person or a theory that was throwing economic principles and nations into disarray. Did the years assault break economics, and do we need to rethink everything we thought about how the world worked?
This article talks about high impact moments, their effects, and what they might mean for our futures and for economics.
Where we live+work
As every real estate agent says it’s all about location, location, location. Most of us have been staying in place for almost a year now and our lack of location sharing is having massive ramifications on the world around us. Entire supply chains are reconfiguring to deliver more products to homes and home offices. The rise and rise of Amazon is a perfect example of the rapid scaling up of online shopping and home delivery.
That global spiderweb of parts and suppliers is hard to justify and maintain with varying international lockdowns and restrictions. When local unemployment is considered then it’s even harder to reconcile global…