DISRUPTIONS!
Now, however good may be the arguments of each side, preventing disruptions, that hurt everyone, the rich and the poor, needs “good economics for hard times”. And what is good economics?
The Web of trade
Now, what should be offered for the dust to settle down?
Just fulfilling the agreement terms with the US? Well, the Chinese, through the first three months of 2020, only imported 46 percent of the agreed US goods.
Covid19, who should pay the bill?
One proposal would impose a progressive tax of a few percent annual tax on an individual net worth in excess of few dozen millions, and an additional percent on wealth in excess of hundreds of millions.
Education, beyond Covid.
Today, memorization of facts is no longer necessary (facts are what Google does best!). Reading, writing and arithmetic are supplemented by Creativity, Collaboration, and Critical thinking (the 3C's!), the twenty first century learning system.
Le monde, en territoire négatif.
Le deuxième cycle de "Slowbalization" est désormais en cours. L'OMC prévoit le déclin du commerce mondial entre 13 % et 32% en 2020, plus que le déclin du GDP mondial lui-même. La pandémie de 2020 n'est que le symptôme d'un monde en colère, tombé malade.
Plus que les taux d’intérêt négatifs, les salaires négatifs, le pétrole négatif, le monde est désormais en territoire négatif; et il est surtout, encore une fois, sans Chef.