Goweresque
Member
- Location
- North Wilts
What we are seeing now is the effects of covid, or rather the lockdowns imposed in response to covid. The economy is a very delicate beast, its an ecosystem really, where millions of individuals interact in certain patterns that have emerged over time, many of which are not necessarily fully rational, but are the product of pure habit. Think of a group of mates going to the pub on a Wednesday night as a regular night out. No massive reason to do it, just habit more than anything. Once that habit is broken the behaviour may not restart, and the pub loses some trade. Thus lockdowns have given this ecosystem an massive shaking and now things are settling out in a different manner to how they used to be before, as billions of human interactions are reset in alternative ways. This is why we are seeing the same effects all across western Europe and North America - wherever lockdowns have been imposed on the economy, systemic disruption is emerging as the long term effects kick in. It has very little to do with Brexit or covid itself, lockdowns are the primary cause of our current economic woes.