Summary of the book “The New Not Normal Economy”
Felix Salmon’s book “The New Not Normal Economy” explores the economic and social changes that have taken place in the wake of the COVID-19 pandemic. Salmon argues that the pandemic has accelerated a number of trends that were already underway, such as the rise of remote work, the decline of globalization, and the shift to a more sustainable economy.
Salmon begins by discussing the impact of the pandemic on the global economy. He notes that the pandemic caused a sharp decline in economic activity, but that the recovery has been surprisingly strong. Salmon attributes this to a number of factors, including the unprecedented fiscal and monetary stimulus that was implemented by governments and central banks.
The post-pandemic world economy and other changes
Salmon then turns his attention to the changes that have taken place in the way we work. He notes that the pandemic has led to a sharp increase in remote work and that this trend is likely to continue even after the pandemic is over. Salmon argues that remote work has a number of benefits, such as increased flexibility and productivity, and that it could lead to a more sustainable economy.
Salmon then discusses the decline of globalization. He notes that the pandemic has led to a reassessment of the benefits of globalization and that many countries are now looking to reduce their reliance on imports. Salmon argues that the decline of globalization could lead to a more protectionist and inward-looking world economy.
Finally, Salmon discusses the shift to a more sustainable economy. He notes that the pandemic has heightened awareness of the need to address climate change and that this has led to an increase in investment in renewable energy and other sustainable technologies. Salmon argues that the shift to a more sustainable economy is essential to ensure a prosperous future for humanity.
Salmon’s book provides a thought-provoking analysis of the economic and social changes that have taken place in the wake of the COVID-19 pandemic. He argues that the pandemic has accelerated a number of trends that were already underway and that these trends are likely to have a profound impact on the world economy in the years to come.
Here are some of the key takeaways from Salmon’s book:
- The pandemic has accelerated the trend towards remote work.
- The pandemic has led to a reassessment of the benefits of globalization.
- The pandemic has heightened awareness of the need to address climate change.
- The shift to a more sustainable economy is essential to ensure a prosperous future for humanity.
Listen to the podcast here
