On Jan 2020 when corona found in china, no one would have thought , its going to change the entire world. I never experience this kind of situation in my entire life. There is only word which entire world is saying now, its CORONA - COVID 19.
It changes everything
- Our way of working
- Our way of living
- Schooling
- Shopping
- Created positive impact in environment like less pollution.
There are a number of possible futures, all dependent on how governments and society respond to coronavirus and its economic aftermath. Hopefully we will use this crisis to rebuild, produce something better and more humane. But we may slide into something worse.
I think we can understand our situation – and what might lie in our future – by looking at other crises. My analysis focuses on the fundamentals of the modern economy:
Now the production and consumption, both got almost stuck now.
- BIG companies which is running only for profit (sorry to say this), NOT able to produce. People are NOT ready to buy those things.
- What could happen, those BIG companies will reduce their profit margin , to manage the low margin, they will layoff their employees. And this will continue all over the world.
Governments will try to make people to buy more. OR will create an environment to buy more. Because I still feel that most of the countries government runs by corporates.
People could get change their mind to culture of consuming only needed things. Again, this depends on the government too :)
Apart from Econonmy, another big change will happen in politics around the world.
-Good thing in this bad situation is, it shows the good leader and leadershipskills which needed in this crisis situation.
- Another Good thing is, entire world could get move towards socialism. Most of the countries, Private hospital become government hospitals or government has taken control of the hospitals. This is good for people. Since I come from India, I do see the need of better government hospitals for the common people like wester countries. And it should get continue around the world.
- There is a chance, countries could think of going towards equal wages for most of the jobs. Health departments, workers, Teachers could get priority than a employees in Advertizing companies.
There are lot of things which we all can visualize and make a plan. But I am sure LOT more going to happen in near future. So lets make our mind to get adapt for that.
It changes everything
- Our way of working
- Our way of living
- Schooling
- Shopping
- Created positive impact in environment like less pollution.
There are a number of possible futures, all dependent on how governments and society respond to coronavirus and its economic aftermath. Hopefully we will use this crisis to rebuild, produce something better and more humane. But we may slide into something worse.
I think we can understand our situation – and what might lie in our future – by looking at other crises. My analysis focuses on the fundamentals of the modern economy:
- Global supply chains,
- Wages,
- Productivity.
Now the production and consumption, both got almost stuck now.
- BIG companies which is running only for profit (sorry to say this), NOT able to produce. People are NOT ready to buy those things.
- What could happen, those BIG companies will reduce their profit margin , to manage the low margin, they will layoff their employees. And this will continue all over the world.
Governments will try to make people to buy more. OR will create an environment to buy more. Because I still feel that most of the countries government runs by corporates.
People could get change their mind to culture of consuming only needed things. Again, this depends on the government too :)
Apart from Econonmy, another big change will happen in politics around the world.
-Good thing in this bad situation is, it shows the good leader and leadershipskills which needed in this crisis situation.
- Another Good thing is, entire world could get move towards socialism. Most of the countries, Private hospital become government hospitals or government has taken control of the hospitals. This is good for people. Since I come from India, I do see the need of better government hospitals for the common people like wester countries. And it should get continue around the world.
- There is a chance, countries could think of going towards equal wages for most of the jobs. Health departments, workers, Teachers could get priority than a employees in Advertizing companies.
There are lot of things which we all can visualize and make a plan. But I am sure LOT more going to happen in near future. So lets make our mind to get adapt for that.
