Peter Turchin Long-Term Consequences of Coronavirus - Peter Turchin: The shock of Coronavirus has the potential both to create social solidarity within a country, and to break the country apart. In my estimation, two Nordic countries, Norway and Denmark, have the best chance to follow the first route. Twenty years ago, I would have no doubts predicting such a response. But in the last decade there have been signs that the Nordic model may be fraying at the edges.
For the United States my forecast is rather gloomy. Our governing elites are selfish, fragmented, and mired in the internecine conflicts. So my expectation is that large swaths of American population would be allowed to lose ground. Government debt will still explode, with most of the money going to keep large companies and banks afloat. Inequality will rise, trust in government decline even more, social unrest and intra-elite conflict will increase. Basically, all negative structural-demographic trends will be accelerated.
For the United States my forecast is rather gloomy. Our governing elites are selfish, fragmented, and mired in the internecine conflicts. So my expectation is that large swaths of American population would be allowed to lose ground. Government debt will still explode, with most of the money going to keep large companies and banks afloat. Inequality will rise, trust in government decline even more, social unrest and intra-elite conflict will increase. Basically, all negative structural-demographic trends will be accelerated.