The Game of Musical Chairs that We’re All Playing
We have a great opportunity to strengthen our relationships with our loved ones during these uncertain times. Watching movies together, playing video games, and a casual game of Monopoly are all great ways to enjoy each other’s company. One game that I thoroughly enjoyed as a child is called Musical Chairs. Yes, that game in which you walk around a set of chairs, listening intently to the sound of the music and anxiously awaiting the momentary sound of silence that occurs just before the chaos ensues. One thing you might not be aware of is the fact that, in a way, we are all playing a massive, global game of Musical Chairs. Yes, right now, we’re all playing, whether we admit it or not. Unfortunately, 87% of the chairs are currently taken or unavailable and only 1% of the global population has a chair. Don’t know what I’m talking about? You should!We’re all playing
Let’s take a moment to think about our situation for just a minute. Millions of people are at home because governments have mandated that non-essential businesses close until the COVID-19 pandemic is over. Regardless of whether or not you agree with that decision, the fact remains that it has affected everyone. It has affected our daily life, our employment status, and it has significantly affected the entire global economy and the finances of millions of people. It’s rather chaotic, isn’t it? This economic and financial activity is what I want to write about right now. Not because I’m a greedy capitalist, or because I’m a socialist looking to demonize the 0.1%. I want to have a discussion about the economy and finance because I’m just a regular guy who has big student loans to pay, and it’s because of my loans that I’ve been somewhat forced to educate myself on this topic.
So, what’s been going on? If you’ve been watching the news or reading the newspaper on your not-so-paper mobile device, you probably know that incomes have...