Surviving Post Covid-19 Economy

Disclaimer: The Eqbal Ahmad Centre for Public Education (EACPE) encourages critical and independent thinking and believes in a free expression of one’s opinion. However, the views expressed in contributed articles are solely those of their respective authors and do not necessarily reflect the position or policy of the EACPE.

COVID-19 CAUSED ECONOMIC SHOCKWAVES THAT ARE STILL REVERBERATING TO THIS DAY.

Unemployment has become a semi-permanent reality for a major portion of the global human population.

According to the World Economic Forum, employment rates have fallen for the youth by 8.7% and for adults by 3.7% around the world. 

In the United States the fall in employment has been exceptionally extreme — unemployment reached 14.8% in April 2020.

Meanwhile the elite of the economic system have seen their wealth rise by extraordinary levels.

A report by Swiss bank UBS referenced in a Guardian article claimed that the total value of the billionaire class reached more than ten trillion US dollars.

This vast economic inequality has caused massive political instability across the world. A case in point is South Africa which has been rocked by major violent protests and riots causing billions of dollars of damage. Though the arrest of a major politician sparked the event, the real underlying issues were Covid-19 exasperated economic inequality.

Instead of rioting in the streets, burning shops to the ground or simply becoming hopelessly dejected by the economic downturn, I propose that you avoid the following dangers in your desperation for lasting success:

Avoid the Gambler’s Mentality: do not rely on chance games to become rich or anything that relies on luck or any get-rich-quick-schemes.This is a dangerous delusion that will rob you of your future happiness.

Avoid Chasing Relationships: chasing other people is a waste of time, energy and money, which worsens financial problems, making escape from this pandemic induced recession much more difficult.

Avoid Wasting Time:this means no video-games, sports or anything requires time which is not making you money.

Avoid Begging for Jobs: when you beg people for employment you give them the opportunity to humiliate you either through rejection or enslave you through employment.

Avoid Wasting Money: this means spending nothing on anything no matter how much you want to spend money.

Avoid Idiots: they waste your energy and make you angry. 

Here are things you can do to improve your lot in life:

Invest in Your Education: learning how to research and write essays and books and learning to sell your craft in the marketplace.

Pray to God: prayer is an often neglected area of life, which leads to disasters. The best thing is to pray for knowledge and calmness.

Start a Business: when you start your own business, you become a real boss.

Focus on Your Passion: stop focusing on things you have to do and focus on what you love to do.

Exercise Regularly: without exercise you shall either go to prison, hospital or the grave.

Meditate Regularly: mediation brings calmness and clarity both important for escaping poverty.

Keep a Journal: track all your troubling thoughts, this eliminates stress and increases your understanding of your problems from unanalysed angles.

Economic problems bring the worst in humans but with a good clean heart and a rational frame of mind, the problems of inequality can be managed. It is important to not expect immediate changes with this methodology. The goal is to deliver gradual changes in a positive direction where a pathway out of poverty can be delivered.

In summary, it is important to remember that despite the seemingly hard circumstances caused by the Covid-19 pandemic, it could always be much worse; as such, the value of gratitude cannot be understated.                     

Always be grateful for every single moment that you have been gifted with.

A contributed article by Zalghi Khan