#4 and #5 would happen regardless, even if speeding-up as a result. Vertical farming, 3-d printing, remote work and robots good, but... let's share concerns about the impact(s) on our humanity. Less direct contact with the "outside world" will impact cultures (micro and macro) more and more... and biasing to local away from global. Yet, we all share one planet.
There are also thousands and probably 10s of thousands small SME manufacturers that, in a country that's build on government loans, will have huge issues paying staff or even being able to keep them on without 6+weeks of production. Having savings isn't a huge thing in a developing country and China isn't an exception, so the stress and anxiety this will bring to the people and their families. The people are on terms with lesser freedom as long as the government gives them security and growth, the current situation may tip this balance.
The EU imported 45 billion dollars in 2019 from China. That's almost a billion dollars a week. We are looking at 6 weeks, minimum, were only a fraction of that will come in.
In the no so distant past there was a current belief that the nations that actively participated in the great wars were better off in the end, leading some folks to say out loud that it would have been better if their countries had been a part of it... it is clear that this virus will ultimately make China stronger, will other countries almost desire that had similar problems because it turns out it's the only way to really be prepared and ramp up investment? What will it take for countries to build resilience in face of, let's say, climate change?
That reads like the famous "what doesn't kill us makes us stronger" and while I agree... I think activity is required as in Ray Dalio's elegant formula - pain + reflection = progress
Does The CCP also push harder on plant and cell-based proteins to get people away from live food markets where it's believed this virus jumped to humans?
#4 and #5 would happen regardless, even if speeding-up as a result. Vertical farming, 3-d printing, remote work and robots good, but... let's share concerns about the impact(s) on our humanity. Less direct contact with the "outside world" will impact cultures (micro and macro) more and more... and biasing to local away from global. Yet, we all share one planet.
There are also thousands and probably 10s of thousands small SME manufacturers that, in a country that's build on government loans, will have huge issues paying staff or even being able to keep them on without 6+weeks of production. Having savings isn't a huge thing in a developing country and China isn't an exception, so the stress and anxiety this will bring to the people and their families. The people are on terms with lesser freedom as long as the government gives them security and growth, the current situation may tip this balance.
The EU imported 45 billion dollars in 2019 from China. That's almost a billion dollars a week. We are looking at 6 weeks, minimum, were only a fraction of that will come in.
To your point, Jeff. https://www.nytimes.com/2020/02/03/business/economy/SARS-coronavirus-economic-impact-china.html
Most firms don't know who rung 3, 4 or 5 of their supply chain is. And they are finding that it is seizing up.
In the no so distant past there was a current belief that the nations that actively participated in the great wars were better off in the end, leading some folks to say out loud that it would have been better if their countries had been a part of it... it is clear that this virus will ultimately make China stronger, will other countries almost desire that had similar problems because it turns out it's the only way to really be prepared and ramp up investment? What will it take for countries to build resilience in face of, let's say, climate change?
That reads like the famous "what doesn't kill us makes us stronger" and while I agree... I think activity is required as in Ray Dalio's elegant formula - pain + reflection = progress
I don't defend the view, align more with Ray's, but it leaves out fear...
Yes. Fear is a BIG deal; it holds down what otherwise would allow more people to rise.
Does The CCP also push harder on plant and cell-based proteins to get people away from live food markets where it's believed this virus jumped to humans?