The Coronavirus Pandemic Has Opened the Curtains on the World’s Next Economic Model


Naked Capitalism has the article The Coronavirus Pandemic Has Opened the Curtains on the World’s Next Economic Model.

This pandemic continues to unfold, but it will serve as the D-Day equivalent of a new predominating economic model for the world, and which in many ways was beginning to take shape before COVID-19. At its core, developed and mixed market economies will factor in the health risk and growing military cost of sustaining international supply chains against investing in high-tech production closer to their markets, and increasingly export their goods to the rest of the world.

The pandemic is the black swan event that shows us the flaw in the current implementation of globalization.

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