long range effects of covid19
- Phnom Poon
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Re: long range effects of covid19
nothing much will change under the current financial system
corporates will diversify a little, and add disaster-recovery backups
but unless incentives move away from 'shareholder value'
nothing is coming back
.
monstra mihi bona!
- Phnom Poon
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Re: long range effects of covid19
is this c&p?
i swear i read something very similar recently and was searching for the link
this one will do:
Why can't America handle the Coronavirus
.
monstra mihi bona!
- truffledog
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Re: long range effects of covid19
In the long term China will be too expensive to produce cheap crap (see wage development and other business related costs) and the economy will move the production to another country offering better overall costs. It may take several decades as China still has a large number of workforce thats still willing to work for a few bucks But they will get less and less as the country develops further. The actual growth rate in China is not sustainable, just a question of time until it drops and ceate the problems known to other already developped nations.SternAAlbifrons wrote: ↑Sun Mar 15, 2020 2:19 pm Not sure if i agree with some this ^^^
And I seriously doubt western consumers, including famously patriotic Americans, will suddenly stop wanting to buy cheap crap from China for the greater good of their country.
work is for people who cant find truffles
- Phnom Poon
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Re: long range effects of covid19
handshaking might finally die a miserable death
we may mock japanese depth-of-bow-etiquete, height-of-wei-etiquette, etc
but what about handshaking etiquette?
bone crushers, limp fish, overhands, etc
and did they wash their hands after they went?
.
monstra mihi bona!
- SternAAlbifrons
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Re: long range effects of covid19
Just a few clips from Mono's excellent analysis, (i don't like long quotes cluttering the pages, but the whole piece is spot on)monomial wrote: ↑Sun Mar 15, 2020 8:06 pm. Every product that can be made cheaper will be made cheaper, and only by the lowest cost shop. This underpins our basic economic philosophy. It is a dogma. Anything and everything has been pushed to single suppliers who need the entire global economy to justify their business.
The current Coronavirus crisis is not special. Everyone knew all these risks before. Everyone experienced all these risks before. People have screamed at the top of their lungs for decades about how dangerous the current business model is. NOBODY is going to change, because it will cost serious money to change. Do you see the New York stock exchange publishing price/resiliency ratios instead of price/earnings ratios? Because I sure don't.
This value of efficiency is so deeply ingrained in our business psyche that there is no possibility of it changing it just because of this blip of a crisis. None of the other crisis have done it, and it isn't like everyone didn't already know the risks.
This too will pass, and tomorrow we'll be right back to watching multinational corporations doing everything they can to increase efficiency and sacrificing resiliency in the process.
Personally, i see the a bad end coming to the Western economic model before too long.
This crisis will not be the final blow but it will speed up the inevitable.
For the reasons Mono has outlined - and a few others- i reckon it is our modern model of unrestricted corporate capitalism that is the virus which will consume it host.
sorry to be gloomy
Re: long range effects of covid19
Never mind handshaking, if this ever happens in Pattaya I’m leavingPhnom Poon wrote: ↑Sun Mar 15, 2020 9:07 pm
handshaking might finally die a miserable death
we may mock japanese depth-of-bow-etiquete, height-of-wei-etiquette, etc
but what about handshaking etiquette?
bone crushers, limp fish, overhands, etc
and did they wash their hands after they went?
Re: long range effects of covid19
In my feed today - seven posts about this.
Seriously??? Can’t we combine some of them.
Seriously??? Can’t we combine some of them.
Once you've read the dictionary, every other book is just a remix.
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Re: long range effects of covid19
Very long term, if the virus is as severe as predicted, the travel industry may die out altogether. Countries will keep their borders closed, so tourism as we know it will die out. People will become accustomed to staying at home to protect themselves from this virus and others to come,and will live much of their lives through computers systems and virtual reality. You want to go to Angkor Wat ? You buy some softwear that gives you surround sound and holograms, so you can enjoy Ankor Wat safely without coming into contact with people.
The old days of meeting your friends in the pub for a few pints will be replaced by conference call with video, where you fix a drink at home and set up the skype to catch up with your mates. Everyone will work from home and shopping will all be online, delivered to your doorstep by robots.
We are already accustomed to living a lot of life through the internet now, so it is not too far fetched to imagine everyone staying at home eventually, and living their lives entirely through modern technology.
As a result, humans will become distrustful of each other and wary of human contact. Family units will become smaller and smaller, until we are each living in an individual pod and all contact with others will be virtual. Sex will be conducted by self-insemination with some of that surround-sound again.
Anyway, with any luck, I'll be dead long before then, because it really doesn't sound like much of a fun future.
The old days of meeting your friends in the pub for a few pints will be replaced by conference call with video, where you fix a drink at home and set up the skype to catch up with your mates. Everyone will work from home and shopping will all be online, delivered to your doorstep by robots.
We are already accustomed to living a lot of life through the internet now, so it is not too far fetched to imagine everyone staying at home eventually, and living their lives entirely through modern technology.
As a result, humans will become distrustful of each other and wary of human contact. Family units will become smaller and smaller, until we are each living in an individual pod and all contact with others will be virtual. Sex will be conducted by self-insemination with some of that surround-sound again.
Anyway, with any luck, I'll be dead long before then, because it really doesn't sound like much of a fun future.
- SternAAlbifrons
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Re: long range effects of covid19
Yes!! ^^^
- CEOCambodiaNews
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Re: long range effects of covid19
It would already be a big help if posters could stop starting up new threads on the topic and use existing threads instead. There is a wide range to choose from, as Roz has pointed out - a general coronavirus thread on the news forum, and a coronavirus chat thread, corona-business, corona-sports, corona-travel, corona-Thailand, and many more. That should be enough.
Thanks all.
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