The deserted streets will fill again, and we will leave our screen-lit burrows blinking with relief. But the world will be different from how we imagined it in what we thought were normal times. This is not a temporary rupture in an otherwise stable equilibrium: the crisis through which we are living is a turning point in history. The era of peak globalisation is over. An economic system that relied on worldwide production and long supply chains is morphing into one that will be less interconnected. A way of life driven by unceasing mobility is shuddering to a stop. Our...
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