Korona i pare

KinderLad wrote:

MNE wrote:nacionalizam kod nas i na zapadu nije ni približno ista stvar, ovo što polip pominje bi kod nas bilo jbm li ga državizam

Pa to je bila Jugoslavija. Ne bas to, ali mnogo blize.

...
The world faces the prospect of a profound shift: a return to natural—which is to say, self-sufficient—economy. That shift is the very opposite of globalization. While globalization entails a division of labor among disparate economies, a return to natural economy means that nations would move toward self-sufficiency. That movement is not inevitable. If national governments can control or overcome the current crisis within the next six months or a year, the world would likely return to the path of globalization, even if some of the assumptions that undergirded it (for example, very taut production chains with just-in-time deliveries) might have to be revised.

But if the crisis continues, globalization could unravel. The longer the crisis lasts, and the longer obstacles to the free flow of people, goods, and capital are in place, the more that state of affairs will come to seem normal. Special interests will form to sustain it, and the continuing fear of another epidemic may motivate calls for national self-sufficiency. In this sense, economic interests and legitimate health worries could dovetail. Even a seemingly small requirement—for instance, that everyone who enters a country needs to present, in addition to a passport and a visa, a health certificate—would constitute an obstacle to the return to the old globalized way, given how many millions of people would normally travel.

...

As F. W. Walbank wrote in The Decline of the Roman Empire in the West, “Over the whole [disintegrating] Empire there was a gradual reversion to small-scale, hand-to-mouth craftsmanship, producing for the local market and for specific orders in the vicinity.”

In the current crisis, people who have not become fully specialized enjoy an advantage. If you can produce your own food, if you do not depend on publicly provided electricity or water, you are not only safe from disruptions that may arise in food supply chains or the provision of electricity and water; you are also safer from getting infected, because you do not depend on food prepared by somebody else who may be infected, nor do you need repair people, who may also be infected, to come fix anything at your home. The less you need others, the safer and better off you are. Everything that used to be an advantage in a heavily specialized economy now becomes a disadvantage, and the reverse.
...
The movement to natural economy would be driven not by ordinary economic pressures but by much more fundamental concerns, namely, epidemic disease and the fear of death. Therefore, standard economic measures can only be palliative in nature: they can (and should) provide protection to people who lose their jobs and have nothing to fall back on and who frequently lack even health insurance. As such people become unable to pay their bills, they will create cascading shocks, from housing evictions to banking crises.
...
Thus the main (perhaps even the sole) objective of economic policy today should be to prevent social breakdown. Advanced societies must not allow economics, particularly the fortunes of financial markets, to blind them to the fact that the most important role economic policy can play now is to keep social bonds strong under this extraordinary pressure.

14 m laid off due to corona:
Can this be correct? If these numbers are even remotely right, it is the most savage shock in economic history and will unleash a spiraling downturn in demand the likes of which we have never seen. The US consumer is still #1 driver of world econ. https://t.co/j3iDNFXsPD

— Adam Tooze (@adam_tooze) March 19, 2020

Gargantua wrote:Kaboom

14 m laid off due to corona:
Can this be correct? If these numbers are even remotely right, it is the most savage shock in economic history and will unleash a spiraling downturn in demand the likes of which we have never seen. The US consumer is still #1 driver of world econ. https://t.co/j3iDNFXsPD

— Adam Tooze (@adam_tooze) March 19, 2020

9% of working Americans, or 14 million of your friends and neighbors, will take home no paycheck this week, because they were laid off, up from 1% in an identical SurveyUSA poll 1 week ago. Time-series tracking graphs available here.

Unlike those laid-off workers who have some hope of being recalled once the worst of the virus has past, 2% of Americans say they have lost their jobs altogether as a result of the virus, up from 1% last week.

As of November 2019, the polling analysis website FiveThirtyEight, led by statistician Nate Silver, had 790 SurveyUSA polls in its database, and gave SurveyUSA an "A" grade on the basis of its historical accuracy and methodology. FiveThirtyEight listed SurveyUSA as having a 90% accuracy rate in calling elections.

KinderLad wrote:Strasno opasan momenat ako je ovo tacno. Zemlja sa ubedljivo najjacim oruzanim snagama gleda u ekonomski ambis. Jezivo.

ontheotherhand wrote:The US consumer is still #1 driver of world econ.

kao da se treba ponositi time lol

FRANKFURT (Reuters) - German restaurant chain Vapiano SE (VAO.DE) on Friday said it was insolvent and would apply for government assistance to avoid formally filing for insolvency, blaming the coronavirus crisis for a drop in sales.

“Due to the drastic decline in net sales and revenues, an insolvency reason in the form of cash flow insolvency for Vapiano SE has occurred as of today,” the company said.

Bukvalno ne znam više kojim rečima, kako da vas ubedim da ne koristite, a naročito da ne glorifikujete potpuno đubre od firme kao što je Car GO. To što su “simpatični disruptivni preduzetnici” čini situaciju još gorom pic.twitter.com/8dQJzmidZm

— Šta_ti_radi_rodbina? (@AnaYorke) March 19, 2020