Opinion

Reboot the Economy

Word count: 1140

Every 75 to 100 years, an event occurs that will forever define how generations to come live.  This is our Black Swan event.  According to Ray Dalio (legendary hedge fund investor) we are entering a global depression, not unlike what the world experienced in 1929 (hopefully cushioned by the various monetary and fiscal initiatives by the various governments).  Many would say this is self-inflicted, i.e. this was not a systemic failure of capitalism but a choice of lives over livelihoods.  How we react will largely define how well we emerge from this.  Nothing will be the same again, hence we cannot go on with business as usual.