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The Next Big Idea Daily
"The Phoenix Economy Work, Life, and Money in the New Not Normal" by Felix Salmon
Dec 18, 2023
14:03
Snipd AI
Exploring the positive impacts of the pandemic years on work, life, and money. The disappearance of post-war stability and the importance of adaptability. The confusion caused by changing information during the pandemic and the emergence of the Phoenix economy. The transition from slow and steady investing to the allure of meme stocks, NFTs, and cryptocurrency.
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Quick takeaways
- In the New Not Normal, we must become adaptable and open to updating our beliefs to navigate a world of greater volatility and uncertainty.
- The COVID pandemic has led to a positive shift in attitude towards pursuing our dreams and aspirations, as people prioritize happiness and fulfillment.
Deep dives
The End of Predictability
In the past, there was a relatively calm period from 1945 to 2015 where things were more predictable, but recent events like Trump's election, Brexit, and COVID have disrupted that stability. Now, we live in a world with greater volatility and uncertainty, resembling a time when life was less predictable. We must become more adaptable and open to updating our beliefs in order to navigate this new reality.
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