Question

How will the future of how businesses will change and be doing business differently in the future after current crisis ends? Both domestically and globally.
Give examples.

Answer 1

Collapse economics is relatively straight forward. Companies are there to make a profit. They can't sell products when they can't make. This means they won't make any money, which means they will hire you less. Businesses can and do hold onto workers that they don't need instantly (over short periods of time): they want to be able to satisfy demand when the economy picks up again. So if things start looking really bad then they're not going to. Therefore, more people lose their jobs, or are afraid to lose their jobs. And they buy less. So the whole process starts again and we're spiraling into an economic crisis.

The right answer from Covid-19 isn't a wartime economy – with huge production upscaling. Instead, we need a "anti-wartime" economy, and major production scaling back. And if we want to be more resilient to future pandemics (and to prevent the worst of climate change) we need a mechanism that can slow down development in a way that does not mean loss of livelihood.

The dominant concept of the modern culture in which we function is that 'exchange value' is the same as 'use value' Basically, people are going to spend money on the things they want or need, and this act of spending money shows us how much they appreciate its "need." This is why they see markets as the best way to run society. They allow you to adapt, and are versatile enough to balance the ability of productivity with value of usage.

Firstly, raising money from many of the most important public resources is very difficult. It is partially because labor productivity growth is a big driver of profit: achieving more with less people. For many businesses people are a major cost factor, particularly those who rely on personal connections, such as healthcare. As a result, productivity growth in the healthcare sector appears to be lower than the rest of the economy, thus its costs are increasing higher than average.

The state capitalist society tends to follow exchange-value as the economy's guiding light. But it acknowledges that crisis markets need State support. Because many workers are unable to work because they are sick, and fear for their lives, the state steps in with universal healthcare. It also enacts major Keynesian stimulus by extending credit to companies and allowing direct payments.