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There is no doubt that the pandemic has been a huge mental shock (and hopefully it will trigger overall more sustainable and meaningful behaviors). But sketchin
by streamofdigits 5y ago
There is no doubt that the pandemic has been a huge mental shock (and hopefully it will trigger overall more sustainable and meaningful behaviors). But sketching how the post-pandemic work landscape would look like seems extremely premature. People currently underappreciate the impact of government support at all levels. The sense of calm and control (or the absence of panic if you wish) is the result of an unprecedented intervention (which among others has demolished the brain-damaged neoliberal narrative).
Yet only after the government support gets withdrawn will we see how the diverse actors in the private economy sectors restore their eternal "games". To be continued...
- mjburgess 5y ago> which among others has demolished the brain-damaged neoliberal narrative oh?
- streamofdigits 5y agohad governments not bailed out unconditionally a big chunk of the economy many business sectors would have collapsed. This would have triggered a run on the financial system like no one in recorded history. maybe we should have left "creative destruction" to play out. after all a pandemic is a known business risk.
- willis936 5y agoOnly the biggest boats can weather the storm. Big boats don't need life preservers, but the little guys do.
- bradlys 5y agoBut the bailing out hasn’t really changed anyone’s mind about capitalism. The fun part of capitalism in America is that people think individually they are owed stuff from the government but collectively should have no intervention.
- conro1108 5y agoI might be misunderstanding some sarcasm from someone, but isn't government intervention and support during a time of crisis pretty firmly in the neoliberal playbook? From where I'm standing it's... pretty much everyone else who rails against large scale bailouts. The libertarian crowd is more on the "see where the chips fall" side of things while the more left-leaning/progressive groups didn't appreciate govt money going to businesses instead of to workers directly.