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8 Aug, 2020 14:00

Covid-19 pandemic will ‘bring socialism to US’ and transform the world – Nassim Taleb to RT

Covid-19 pandemic will ‘bring socialism to US’ and transform the world – Nassim Taleb to RT

In a remarkable twist, the raging coronavirus pandemic has forced even countries like the US to adopt “socialist” welfare programs, acclaimed author and risk analyst Nassim Taleb has told RT.

While people spend days worrying about global wars, our biggest threats have always been the pandemics, the author of ‘The Black Swan’ and ‘Skin in the Game’ told RT’s Sophie Shevardnadze on her show SophieCo. Visionaries.

The advent of the novel coronavirus will tremendously change societies in many ways, making them better ready for future crises, he said.

“So the world will be different, wiser. But, hopefully, it will be good for peace, because people will understand tomorrow that the enemy is not some person with weapons. The enemy is that thing you don’t see: a tiny little germ you can have on top of a pencil,” the writer added.

What I think is going to happen is a transformation of economic structures to accommodate potential pandemics. Even if they never happen again, people will be prepared for them.

He cited the boom of teleworking, Zoom conference calls, and online shopping as examples of people adapting to the new reality.

Also on rt.com Trump vows executive action if Democrats ‘continue to hold Covid-19 relief hostage’

According to Taleb, globalization would become more “guarded,” rather than disappear entirely. “The physical movement of population… would be reduced, and business travel will not be as active as we saw in the past,” he said. 

One of the most remarkable changes the pandemic has brought, the writer noted, was how some governments have been “extremely helpful” to citizens trapped in quarantines and lockdowns. This touched the US as well, where a $2 trillion stimulus package was adopted in May, the largest in the nation’s history.

Who would have thought that the first socialist president of the United States would be Donald Trump? He gave people universal basic income for a few months, and they took possession of companies. If that’s not socialism, I don’t know what is. So, the individuals got a protective net that they didn’t have before.

“Mark my words, if you want a headline done – ‘Who would have expected the Covid to run both domestic and foreign policy?’, ‘Covid to bring socialism to countries like the United States,’” Taleb said.

You can watch the full episode here:

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