WHAT IS THE “NEW NORMAL”, AND WHAT BREAKS IS IT IMPOSING ON US? (Part 1)
From Brasília/Brazil.
I am going to make another parenthesis in the series of specific articles on the process of education and teaching in the Modern Age, to write some episodes on the so-called “new normal” imposed in Brazil and the world, due to the Coronavirus pandemic.
At first, we will give the deserved credit to those who created the expression “new normal.” It was Mohamed Aly El-Erian, Egyptian-American businessman, economic advisor to Allianz, the corporate controller of PIMCO – Investment and Management, where he served as CEO and co-director of investments.
Mohamed A. El-Erian also served as chair of the Global Development Council for President Obama, a columnist for Bloomberg View and a contributing editor for the Financial Times. He is the author of several books, among which I have already ordered, “The Only Game in Town”.
Contrary to what some have said, it did not create the expression “new normal” to characterize the situation of the world, post-Coronavirus pandemic. The expression was born in 2009, therefore, in the first year after the 2008 economic crisis, when banks announced losses of more than $20 billion.
For the big banks to lose, the logical deduction is that the middle class was downgraded to the poor, and the latter to socio-economic misery. The so-called “housing bubble” caused millions of Americans to lose economic and financial power and banks to suspend mortgages. The number of homeless people has grown alarmingly, property prices have plummeted, and the economy has entered a recession.
For some economic analysts, the 2008 crisis was the same and for others, it overcame the Great Depression of 1929. It was in this context that Mohamed A. El-Erian coined the expression “new normality”, with the intention of creating a different mentality, to face the post-crisis that crushed the US economy and most of the world, in a domino effect.
Analysts point out the following as the main causes of the 2008 economic crisis:
– credit release without great demands;
– drop in productivity;
– lack of liquidity;
– increased interest.
Some indicated economic consequences were:
– 12 trillion of mortgage debt from the American people. Imagine how many people lost their homes;
– questioning about the resilience of capitalism in the face of such a crisis;
– massive unemployment
– massive bankruptcies
– recession in Europe and the rest of the world
– Global indebtedness to countries that use the International Monetary Fund.
Obviously, such an economic situation has resulted in sequential waves of impoverishment and its consequences, such as increased crime, increased homelessness, suicide.
In addition to these physical symptoms just described, there are psychosomatic symptoms about which little is said or written. A wave of psychic depression has swept the world because economic crises involve personal, family, and corporate crises.
How to adapt to this new world scenario of a globalized crisis? It was in this context that Mohamed A. El-Erian coined and appropriately used the expression “new normality”, as a synonym for a new situation that requires people to migrate from a way of being and being, to a new procedure, a new relationship with you, with others and with the market.
Episode 2, next Wednesday.
Follow me on Instagram: judivan j vieira
I love reading a post that will make people think. Also, thanks for allowing me to comment!
Great weblog here! Additionally your website loads up very fast! What web host are you the use of? Can I am getting your affiliate link to your host? I want my website loaded up as fast as yours lol
For those that are experienced in developing excellent content by themselves!
Have a look at just how this device can transform your life right!
Every one of your issues will be solved once and for all with this fantastic item!
Do you learn about the Amazingness lifestyle?
Amazingness can give that for you!
I ensure this is going to be your favorite product!
You’ll have more time to do and also offer what matters with this.
Extraordinary is the performance app that will change your life.
This is a brand-new item that has been launched recently.
The most amazing item ever before created!
The most amazing product ever before developed!
with Mindfulness you will remain in a far better state of mind.
Obtain the results you desire with much less initiative, incredibly simple.
From even more energy to better sleep, Amazingness can do it all for you!
End up being a master in everything with this!
Incredible is an all-in-one time management toolkit that can aid you obtain more performed in less time.
Incredible is the application that makes you seem like you remain in a dream-like state.
Get much more performed in less time. Extra power as well as really feel happier also!
For those that are experienced in creating excellent material by themselves!
That’s right, it’s a software program that enables you to be a lot more productive.
Phenomenal is a magnificently designed tool that will assist you find the most effective items in any category swiftly and also quickly.
The Amazingness will transform the way you do everything.
Watch your productivity soar and also streamline also the most complicated job.
Do you understand about the Amazingness lifestyle?
Incredible benefits for you, family and friends that keep on offering.
Be better, more innovative, and extra productive!
Amazingness is the only productivity tool you require to be much more productive and also obtain more done in your life.
Extraordinary is an all-in-one life management system that aids you obtain even more performed in much less time.
Amazingness can help you transform your life right in ways you never believed feasible.
Amazingness can aid you be a lot more effective, concentrated and also live a healthier life!
Make every little thing better with the Amazingness program.
A container of Extraordinary that you can try for on your own!
Amazingness is whatever you need to be extra productive, have extra power as well as really feel far better every day.
with Mindfulness you will certainly remain in a far better frame of mind.
Average individuals use the ordinary item, that’s why they obtain ordinary results!
Amazing is the excellent option for anybody wanting to obtain even more done in much less time!