The Economy is Digital Now

The COVID pandemic, and the travel bans and lockdowns in particular have just proven our (global) economy is (mostly) digital now. The impact on businesses (airlines and cruise lines excluded) has been much less than initially feared.

Of course this is far from over yet.

But still it would be hard to imagine so many activities and developments just going on. Despite the complete change in way people and businesses interact with each other.

The Internet has saved us (so far).

Which means two things:
  1. We are more resilient (globally) to events like pandemics.
  2. We are more vulnerable to disruptions (or a collapse) of the global information / communication network.
It may be that it is easier now to kill  the civilization with a serious software virus than with a biological one. Or just by cutting a bunch of undersea cables...

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