25 September, 2020

How Coronavirus Pandemic Will Impact The Economy -- And You

In an evolving crisis, when no one is able to say for sure when it will be contained and what its long-term impact could be, the stress will be placed unequally on the individual and society, and on the government. And the structural risk, which affects everyone, is as economic as it is biological.

Calcutta
Photo by Sandipan Chatterjee
How Coronavirus Pandemic Will Impact The Economy -- And You
outlookindia.com
2020-03-28T16:54:19+05:30

It's life itself that is affected, profoundly so and almost at a genetic level. And that means at every other extended level of human experience. Emotional and psychological, to begin with, and from there to what we go about doing with our daily lives. Earning our bread, trying to survive-or thrive.

By March 11, 2020, when the WHO declared COVID-19 as a pandemic, its impact was being felt across the globe, by the 7.8 billion humans living on the planet. With an overwhelming majority of them in no position to help themselves. India has not evolved to a stage where those ratios—of humanity feeling the pain—can be assuaged by the State in any appreciable manner. In an evolving crisis, when no one is able to say for sure when it will be contained and what its long-term impact could be, the stress will be placed unequally on the individual and society, and on the government—which takes the responsibility for anticipating risk and putting in the structural buffers. And the structural risk, which affects everyone, is as economic as it is biological.

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