Recovery???
The Economy and Covid Every time I hear talk of a recovery in the media I shake my head and sigh. V-shaped, U-shaped, check mark shape? Recovery for who? From what? Recovery from the decades long currency devaluations? Recovery from the massive buildup of debt everywhere? Recovery from longstanding and ever increasing inequality? Recovery from resource depletion wherever one looks? Oh yeah, they mean back to December 2019. Like that matters. Many will call me a pessimist or a doomer or apply some other ad hominem label but the reality is there will be no recovery. If we are lucky...maybe...but it will take a long time and things will look very different. There have been many good times and bad times, ups and downs, dark ages and roaring decades. During rough patches the uplifting refrain was, "this too, shall pass". It was true. Can it be true this time? How can it be? In times past, the Earth's resources were plentiful. Until recently, there were far fewer humans. Arable...
