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2020 m. spalio 11 d., sekmadienis

What kind of world I live in?

 "Conditions before the pandemic were forged by the three biggest economic shocks of the 21st century: the integration of China into the world trading system, the financial crisis and the rise of the digital economy. As Chinese workers left rural poverty for factories, cheap goods flowed west and financial assets flowed east, helping to create low inflation, low interest rates and lost rich-world manufacturing jobs. The financial crisis caused a collapse in demand that further depressed interest rates even as globalization stalled. The rise of technology contributed to a decline in competition, bumper corporate profits and a fall in the share of national income flowing to workers as superstar firms reaped the rewards of network effects and natural monopolies." [1]

 Where is the most important information here that the Russians are attacking? Do you really know that Russians are attacking you personally? Did you check in the evening that there is no Russian under your bed?


1. "The peril and the promise; The world economy." The Economist, 10 Oct. 2020, p. 6(US).

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