Related or not (Covid was a big shock after all), "rich" countries have been living way over their means for many decades now (in terms of natural resources). It's particularly wild to see people calling for a return to the "norm" that were the post-WW2 decades : that wasn't a "norm", that was the fastest growth period that mankind had ever seen (and probably will ever see) !
So now (since the 1970s) we are way over due for a correction... which is probably going to look like a few centuries of recession with a few good years (for some maybe even good decades) thrown in here and there.
Related or not (Covid was a big shock after all), "rich" countries have been living way over their means for many decades now (in terms of natural resources). It's particularly wild to see people calling for a return to the "norm" that were the post-WW2 decades : that wasn't a "norm", that was the fastest growth period that mankind had ever seen (and probably will ever see) !
So now (since the 1970s) we are way over due for a correction... which is probably going to look like a few centuries of recession with a few good years (for some maybe even good decades) thrown in here and there.