Читать книгу The Post Pandemic Economy - William E. Scholz - Страница 2

The coronavirus, in a matter of months, has destroyed the economic boom currently in progress in the United States. The American economy was on the precipice of greatness. Soon, the American economy would generate full-employment, refund entitlements, and re-skill American workers with 21st century technical abilities.

Then the pandemic hit. Despite the American Government's best efforts, trillions in multiple stimulus packages, the American economy is headed toward a cliff. As the American economy goes, so does the world economy, with a rising China salivating over America's decline.

The extent of the coronavirus's impact on the American economy is historic and unprecedented. The impact of coronavirus:

1 threatens American and global currency reserves.

2 decimates American small business, further isolating America's local economies from their global counterparts.

3 alters trade and commerce as "post-place” due to “full” remote work requirements.

4 strips middle Americans of hard-earned assets such as home value and small business ownership.

5 Transforms the healthcare and insurance industries.

6 brings forth an economic collapse unique in human history in its magnitude and speed.

The millennial generation cannot wait any longer for prosperity. The millennial generation has weathered the financial crisis of 2008-2009. Many millennials, boomerangs, returned to their hometown to work on economic revitalization efforts. Just as the economy began to rebound, the coronavirus ripped the prospect of economic growth from millennials’ hard-working, self-reliant, and deserving hands, and their families, too.

The Post Pandemic Economy will look much different than the economy beforehand. In this period, many authors will seek a "rosy red" picture of rebuilding efforts. They will use terms like "order out of chaos," or "the chance to start a new." The coronavirus is not an opportunity to remake the economy nor save what was lost. Many lost what money can never buy, time with their loved ones.

Any rebuilding efforts must not seek to pick up where we left off, but fundamentally address the underlying failings brought to light by the coronavirus. Where did the American economy fail?

In the early days of the coronavirus, the American food supply chain showed its vulnerability. Almost immediately, American consumers panicked, and store shelves ran bare. This occurred not just in America, but in countries throughout the world such as the UK, where shortages of key supplies such as toilet paper made international news.

Quickly, the American worker helped solidify the food supply chain. For example, truckers did not panic and continued delivering supplies to cities across the United States. The American Trucker chronicles stories from the frontlines and highlights The Caffee's, a husband and wife trucker team, who describe the desolation of the American highway and their 'all-in' mentality [1]. Out of the entire American workforce, truckers put their lives and families at risk to continue delivering for the American people.

Another example of the shining American worker comes from the Waste Services and Management Sector. The coronavirus's unique nature allows it to live on surfaces for days, directly endangering the Waste Services Professional. An article in Waste Dive notes the extent to which Departments needed urgent reforms to continue delivering service such as social distancing and sorting barriers [2]. Reforms were made and municipalities across the Country never experienced a disruption to service.

Another human interest story chronicles the lives of a female truck driver. Her touching account highlights the anxiety that frontline workers feel every moment:

"“Protect us,” French asked God in the new day’s predawn darkness, and she hoped that the prayer, the face mask, the extra pair of gloves and the hand sanitizer hidden behind the truck’s passenger seat would be enough to keep her safe."

The very best of America is the American worker and their work ethic. Putting their lives on the line, the American workers maintained essential services across other sectors such as broadband and telecommunication, manufacturing, and, most importantly, health care.

2020 is the year of the American worker, and no more so than health care professionals who put their lives directly on the frontline for public safety. Countless stories are being written about doctors, nurses, and hospital staff who rescued and cared for their patients, and some tragically who lost their lives. Health care professionals demonstrated extraordinary courage and grace to protect the American People.

We owe the American worker, the American small business owner, and the American family the quickest possible renovation of the American Dream. We also owe those who lost their lives a debt to surviving family members, who built a monument to the human spirit's triumph over adversity. The coronavirus destroyed the lives of individuals and families across the globe. Under American leadership, we must ensure that not only a tragedy of this magnitude never happens again, but that the American economy once again serves as the backbone of the world's economy.

Preamble. America and the World faces a grave process of rebuilding its economy. Our book, The Post Pandemic Economy, focuses on larger economic questions related to the New, Global Economic Order. However, it is worth noting the underlying problems exposed by the coronavirus pandemic.

We identified six, but there are certain other root causes to the fragility of the global economic order and its inability to weather the coronavirus crises. The root causes that we have identified here are not exclusive. However, they represent problems that need immediate solutions, if the New, Global Economic Order is to recover with the velocity to reimburse the Millennial generation who has paid the price twice.

A preamble is a definition of terms. Throughout this book, we will use a few key terms that are worth better describing.

New, Global Economic Order: We envision an American-led transition to the economy of the future, not only the 21st century, but the 21st century and beyond. The New, Global Economic Order has key elements such as America's definition of prosperity to include business ownership, full-employment, and technological innovation. The New, Global Economic Order also relies on decentralized capital, domestically first, then fairly in a balanced world system.

New Gold Standard: Over the last thirty years the fragility of The American economy has been exposed due to fractional reserve banking. The Global Economic Order must return to a New Standard based system centered around Gold, but potentially including other commodities, real and digital.

Workforce Retraining: The American worker enters a "flexible" economy where new skills must be learned and adapted to annually. The rapid unemployment of The Post Pandemic Economy exposes an inability for The American Worker to quickly re-adapt to new trades and professions.

Local Economies: Local economies are the bedrock of a well-functioning Global Economy. Linkages from local to global are currently not well-defined, especially as it relates to capital. The Local Economy is defined as predominately small businesses including services-based businesses, manufacturers, and farms, that serve their immediate geographic region.

The Chinese Model: The Stalinist Communist Model has no room in a healthy 21st Century Global Economic Order. The excesses of The Chinese Model are well-documented. We understand The Chinese Model as a recent phenomenon culminating in the Communist Party of China's (CCP) New Silk Road (NSR). The New Silk Road Initiative holds a world view where countries are indebted to their Soviet Master and "vassal" states vie for favor to please the Communist Party. Standard to how the Communist System works favors are exchanged between the CCP and vassal States for favorable interest rates, more credit, and geopolitical access.

Remote Work: A key characteristic of The Post Pandemic Economy is the concept of remote work. To adapt, professionals across many varying sectors, from entertainment to education, worked remotely to avoid coronavirus transmission. Remote Work and the concept of flexible learning and career trajectories play a key role in the New, Global Economic Order.

Real Economy: The "Real Economy" differs from the "Digital Economy," for our purposes, as Tangible production versus Intangible or abstract production. When we envision The Real Economy, we think of the frontline workers who deliver food, build houses and other real estate structures, provide health care, etc.

Digital producers work in the intangible economy such as finance and insurance, software and computer science, education, etc. Our definition is solely for the purposes of this book and we welcome better definitions of these two distinctions as further differences are identified at the structural level of The New, Global Economic Order.

Underlying problems exposed by the impact of the coronavirus include: