Spiegel Article

Management Summary
Corona Effects

• Tourism collapse
• Transportation minimization
• Less social interactions
• Less global trade
• Higher unemployment
• Reduction of stores
• Reduction of productions
• More independence between countries
• Competition for face masks
• Unilateral border closures
• Hedge funds in London earned billions in profits from the corona-induced stock market crash
• No united European action

Before Corona

• No protection of resources
• Social inequality
• Comprehensive globalization
• Right-wing movement
• Climate collapse
• Critics of capitalism
• Cybercrime and surveillance capitalism
• Futurists who warned of epidemics [i.e. Attali in 1998]
• Eradication of exotic animal species

After Corona

• Embedded liberalism [Reckwitz]?
• Same as before?
• More protective EU?
• Minimization of the meeting circus?
• Growth of internet companies in new areas?
• Production relocations?
• Focus on sustainability?
• A close partnership between Europe and China to protect the environment?

In his Easter speech, German President Frank-Walter Steinmeier put it like this: “Perhaps we believed for too long that we were invincible, that we could continue to go faster, higher, farther. That was a mistake.”