The absolutely unprecedented wave of shutdowns, new restrictions and regulations that the coronavirus epidemic has triggered on a global scale is truly hard to quantify. We’ve simply never seen anything like it before. Never in the history of mankind have countries all over the globe intentionally hit the kill switch on their own economies and simultaneously pulled the brakes on anything even remotely resembling productive activity.
Some of the consequences of these radical policies are plain to see – in fact, they are already materializing. Unemployment is just beginning its upward trajectory, while entire industries have already been decimated, with hugely important service sectors like travel and hospitality on the brink of collapse. The impact of the governments’ actions inRead More »