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Deflation

The Myth Of The ‘New Normal’

The warm sunny days leading up to the Easter holidays are quickly fading from memory.  Then, despite the threat of a global pandemic, there was optimism in the air.  People came together in a manner not seen since the neoliberals seized the reins of power in the 1980s.  It was as though we were all waiting for some common threat to bring us together.  The gradual shutdown of “non-essential” employment revealed for all to see who is and who is not important in the grand scheme of things.  And it turned out that the truly important people were mostly the ones on low wages; while the very highest paid among us could retreat to their front rooms without having any noticeable impact on the rest of the world. 
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