Boomers Pandemic, Millennials Cost, Bubble World – Part 2 of 2
Channel: Sam Vaknin's Musings
Date: 2020-06-01

Watch Part 1: https://www.youtube.com/watch?v=NIoK_IlHRfg

As capitalism gives way to neo-feudalism, destructive social revolutions will sweep the globe.

Travel bubbles or corridors are arrangements between countries to allow access to their citizens across otherwise sealed international borders. Similarly, quaranteams are social bubbles: a limited group of people who meet regularly and exclude all others as health risks. This pandemic forces us to retreat into isolation, atomization, self-sufficiency, and narcissistic or depressive solipsism. Especially so in the "countries of the plague", the epicenters of this viral agent of change. This regression (or progress) is bound to result in two revolutionary paradigmatic shifts: 

1. The normalization of mental health pathologies: everyone is going to be clinically depressed or anxious or something or other. 34% depression and anxiety. 

2. Common goods which rely on cooperation and social conventions will lose their value. The Commons will fragments and many social institutions will be rendered obsolete. Examples: money, the family, public goods such as education, and the nation-state. As the banking system collapses, we me devolve to a barter economy with agricultural land as the most prized possession. 

Washington Post: The average millennial (1981-96) has experienced slower economic growth since entering the workforce than any other generation in U.S. history. Millennials will bear these economic scars the rest of their lives, in the form of lower earnings, lower wealth and delayed milestones, such as homeownership. 

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