LONG VIEW: Pyrrhic Victory

And no V-shaped recovery

The Setup:

As Covid rips through Chinese cities, today’s post will be abridged as both authors have also caught the virus and are recuperating at home. It’s surreal how we went from the unbearably suffocating tracking of one’s every move by the State apparatus to essentially being left to your own devices (at least for now). That’s one giant U-turn, no m…