Dread Corona-Virus Aftermath Will Spark Economic Evolution

As our society reemerges from financial shock and waves of bankruptcy, we hope for a leaner economy, a better tax structure, and a new set of entrepreneurs


In 1347, ships returning from unknown ports landed in Sicily, despite most passengers laying prostrate, dying or dead, horrid sores openly oozing bodily fluids. This arrival heralded the Black Plague to Medieval Europe, felling 25 million. A pandemic slaying perhaps 90% of the infected, as 60 million Chinese perished. The global scale of Black Plague mortality translates to 1.9 billion dead today, writes John Kelly in The Great Mortality.  Yet, not every historic tragedy causes permanent human decline. Some ancient disasters presaged reform and growth, such as England's 14th Century plague creating a more efficient economy. Today, despite US government  warning of possible 30% unemployment  with -24% growth, a growth spike will ultimately result from our current travails via Coronavirus (COVID-19).
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