We must be clear about one thing – our economies will crash. certain fringe economies will maybe be saved from this especially when the world economy matters very little to them but how many are these? Also, some economies will manage the crash better than others but we won’t avoid the cataclysm anymore. Human nature has gotten us there and only massive pain will get us back to common sense. Could we turn this around? In a perfect world, we might be able to but in a perfect world, we would not have gotten into this mess in the first place.
Judged by BlackRock CEO Larry Fink’s latest letter, January 2022 might turn out to be the highwater mark of woke capitalism. Stakeholder capitalism is not “woke,” Fink says, because