Kiss The Old Normal Goodbye and Embrace The New Normal -Charles Hugh Smith #5186
The \u201cold\u201d Normal was fun, but how fun was it really. The commute was a killer and took its toll on the family. We were all working harder and making less. Time was at a premium and so was spending time with your family. The focus on consumption was all enveloping. We now defend on many other countries for vital resources. Off-shoring had many destructive impacts upon our economy and your health. Unhealthy food is highly profitable. Now we can start eating real food. Local communities are encouraging local food production. Detroit is leading the way of urban healthy food production.\xa0 \xa0 The pandemic has shone a light on what was really happening to your health. Sick (health) care has been exposed for what it really is. Big pharma is going to take a hit. Now it\u2019s no longer a matter of you being a captive big-pharma consumer, till death do you part.\xa0 Same with lousy high-stress jobs. Another contributor to bad health and misery. It\u2019s a net plus for the gig economy and the alternate economy From the 1970\u2019s to the present $50 trillion transferred from labor to capital. Built-in obsolence could well be coming to an end. Witness Tesla and Apple. Appliances go bad in a few years, where they used to last decades. It\u2019s an erosion of quality and durability. The global supply chain will never go back to normal, and that\u2019s a good thing.\xa0 Hopefully government regulations will foster in the new normal. Things like battery recycling and resource are the future. Growth doesn\u2019t have to come from waste.\xa0 What\u2019s next for Charles, a labor backed crypto?