Spanish Flu was heavily censored. Corona may be the most documented global event in human history.
No election can really compare. Or civil war. Or even 9/11, which was really an American event. Only the World Wars were quite as global. And even then each person saw things mainly from their country’s official point of view. No internet or social media then. Much censorship.
If billions of people are reading about Corona thousands of times over a period of years, it will shift consumer and producer behavior alike.
Look at the Statistical Abstract of the United States for 1918, including the Census data on the occupations of 1910.
This doesn’t look like our economy at all. Just as one example, there were 15M+ restaurant workers in 2020. There were far less in 1910.
www2.census.gov/library/public…
This doesn’t look like our economy at all. Just as one example, there were 15M+ restaurant workers in 2020. There were far less in 1910.
www2.census.gov/library/public…
Point being: 1918 was very different from today.
We understand why the digital economy of 2020 would be hit harder by a solar storm than the economy of 1859.
Could the consumer economy of 2020 be hit harder by a virus than the agricultural & industrial producer economy of 1918?
We understand why the digital economy of 2020 would be hit harder by a solar storm than the economy of 1859.
Could the consumer economy of 2020 be hit harder by a virus than the agricultural & industrial producer economy of 1918?
During the Spanish Flu, authorities refused to reveal statistics on cases and deaths.
During the Coronavirus, we all have access to real-time dashboards of cases and deaths.
ncbi.nlm.nih.gov/pmc/articles/P…
During the Coronavirus, we all have access to real-time dashboards of cases and deaths.
ncbi.nlm.nih.gov/pmc/articles/P…
