It is now obvious that this is going to be a long drawn out process, businesses are closing their doors and funded with government money are putting employees on furlough, given the complete inability of the Great British public to stay indoors it looks like even more restrictive measures will be put in place to slow the spread of this virus, for some however this presents an opportunity, a way of leveraging the falling markets for their own gain, as millions is stripped off of stocks seemingly every hour they are buying up cheap stock as if it is going out of fashion.
I, as a capitalist cannot with a straight face say that this is a bad thing and you, like me may well be tempted to speculate with what money you have based on the now numerous YouTube videos from these millionaires telling you how they are going to make so much money in the future.
It is a great idea, but stop to think for a minute, this (in the UK at least) is only just beginning to take hold, there are a lot of companies that will not be able to sustain the downturn and their stock will dwindle to nothing, remember the markets and a lot of business was not doing so well before Corona came along. there is actually now reason to think that it will suddenly all go back to normal after the pandemic is over, in fact it is my opinion and one that is growing steadily among others that life will literally never be the same after this, too many firm held beliefs and control structures have been challenged and show to be incorrect.
Traditional business models
Already on the ropes, traditional business models may well see this as the final curtain call, long commutes congested over crowded city centres, huge budget air conditioned offices and constant flights among business users may well be a thing of the past, seen currently as a necessary evil in the name of business progress, new ways of working are being utilised now more than ever, just as some of the biggest medical breakthroughs came from war and famine, so to will come the implementation of a better way, a cleaner way, and one that costs a lot less money, business is being conducted over the internet and work is being done remotely, all with relative seamless adoption, this adoption is based on need, substantial change never comes from patient lobbying, or protest even if the protest or the point is valid, change is only tolerated when it is required to meet an adversary head on, to fight back against great odds and win at all costs because we are fighting for our way of life, how easy will it be to justify the recommencement of wholesale business trips or large office space when we have already proved that business will not stop because we can’t travel, or that people can just as easily work from home because the infrastructure was put in place when they couldn’t get into the office, with all this in mind it would be beneficial to look at any company that looks like a good investment and consider how their business model will change post covid-19.
Human habit will change
One of my pet peeves has always been the pursuit of money for money’s sake, as in literally the desire to have more money just so you have more money, and not to do anything with it, the fact is that money has always bought opportunity, it has always bought time from the rat race and the “paypacket enslavement”, as we move forward through this situation and notice the huge sums of money that governments can now access to help with the worries of business and of the person on the street, we work from home and see more of out families than at any point in recent history, we cannot escape the feeling that society as we know it is a tissue of lies and mi-representation, additionally when forced to go back to more traditional ways of living, cooking on a regular basis, spending time with children and significant others, the vast majority of people will inevitably question the way we lived before, chasing from one place to another, living life through a phone screen and children who know what Instagram is before they know their times tables, it is not too much of a stretch to say that life has become so cynical (on the whole) that there may be some good to the human condition that comes from this, of course we may just go back to our previous ways once the danger has passed but if enough people think clearly, we should be able to see the benefits of using modern technology as a vehicle for something more than trying to be a millionaire for nothing more than pouring ice over yourself, we can enjoy holidays with loved ones and still cut the planes in the sky by a significant amount, and no matter what you may or may not think about pollution the fact is that they do pollute and the less of them in the air the better, and possibly if more people can work from home we could make the air in our cities breathable again, rather than just trying to make more money by charging people to be able to pollute the atmosphere.
Panic Bringing out the worst in people
Any event such as this runs a certain way, people panic and cause more chaos in the first few weeks of the situation than the underlying cause, in the UK there is no supply chain issue (at the time of writing) other than that that has been caused by the panic buying of some of the most ridiculous items, Don’t get me wrong I understand the panic that must be setting in among certain groups of people, and of course the reality is that no matter how much moral high-ground you take and refuse to join in with the hysteria eventually you have to, maintaining morals for too long in a situation like this just means that you starve, but it is important to realise that this not merely people being scared and panicking because they fear any kind of extinction event, the thin veneer of social politeness is easily scraped away and we soon see modern society for the ugly egotistical and self serving animal that it is, there are no justifications for what is going on in the country right now but we have to queue with the rest first thing in the morning to get milk and bread just the same, because if we don’t there won’t be any when we go later, this is a lesson that will be well remembered after this disaster has passed, make no mistake this is a disaster and it will get worse before getting better, but when the dust settles and the smoke clears remember that when push came to shove you only had yourself and a handful of people that you could truly rely on, so after this is all over think very carefully about all the “friends” on Facebook and the “followers” on Instagram, think about the time that is taken from your life and that of your family while pandering to these people that ultimately would stand on you to get a pack of toilet roll.
Don’t expect that you will be a millionaire after all this.
Another thing to bear in mind is that the vast majority of us do not have the kind of money to invest that the YouTube “guru’s” have so any upturn we are likely to see will not improve our lives indefinitely and is actually likely to just provide a nice little lump sum when whoever we invested in gets back on their feet, with enough time spent fighting this thing the way we use and value money itself may change, and we should be prepared for that.
All in all the best thing to do at the minute is think with a clear head, think slow and act with purpose, frivolous action could have a massive detriment on a far wider reaching mass than we can imagine, life now is the butterfly effect.