What if Covid 19 never happened? About a hundred years ago the Spanish flu killed around 50 million to perhaps a 100 million people.
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A hundred years later, it's Covid 19. It proofs how far technology has advanced. As rapid as Covid 19 infects and spreads, the mortality rate stands at an acceptable standpoint. Covid 19 has changed the world.
However, even with the lockdown, time passes rather swiftly. This could be due to the internet. In 1919, the world was experiencing an industrial revolution. We are also entering into a new industrial revolution.
This pandemic makes us all appreaciate life more and things that matter. What if Covid 19 never came? I guess the other problem that we would face later would be a pollution problem. China would have accelerated its growth and could have a chance to become the largest economy in the world. However, due to China lending out billions for its belt road iniative in other words, to basically have its prescene around the world have currently been hampered. It has somehow halted. Nations that have been granted loans now have no income to pay its interest due. China also went through a two months halt. This is devastating for an economy of that size.
If Covid 19 never came, we would be booking our next flight, hotels and also spending impulsively on credit. This halt has made us all stop and think and realize that we have to have savings and uncertain times could be lurking around the corner.
Warren Buffet in his recent annual meetings stated that Berkshire has been keeping tons of cash amounting to around 130 billion waiting to invest at a later time as he is not sure what's going to happen in the near future.