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Well, I am neither an economist nor a prophet but as a Rabbi, I have a few "spiritual" assumptions regarding this issue:
1. The Jewish faith, in contrast to other religions, claims that G-D wants to benefit people "also" in this world.
"...he created it (the world) not in vain, he formed it to be inhabited: "Isaiah 45:18
G-D is not interested in chaos but rather in the inhabitance of the world. Because of this - modernity, technology, leisure time, and entertainment in the right amount - is a positive thing and will not go down the drain so quickly.
In our case, it is important to remember that there are no resources that have disappeared from reality. The world has been shut down for two months - and this has huge implications - but the raw materials, the potential, and talents remain the same.
Although the shock waves of collapsing sectors and businesses will hit us hard, many will still remain in tacked and will even reinvent themselves. It is all a matter of perspective and proportions.
The main implication would be a short-term decline in our living standards. A low-fat diet is not necessarily a bad thing. We will have fewer flights abroad, less glittering family events; we will learn how to live with it.
There is a scenario in which, the days of the coronavirus will produce more equality in our society. For example, there will be an economic protest against the hefty salaries and improved working conditions of senior civil servants. With all due respect, self-employed people should not lose their businesses while others may collect three pensions.
In general, from a historical perspective as well as from a faith perspective we learn that apocalyptic prophecies tend not to come true.
In summary, I bet my money that the economic recovery will be faster than we expected.
Amen.
To commemoration of Rivka, daughter of Ovadiah, G-D rest her soul, on her 45th Yahrzeit. May her Neshama have an Aliyah.
Evil will pass
Good will prevail
With the help of G-D
Kuzari -Rabbi Ari Shvat Kuzari class 8- "Answering Questions on the Kuzari's Proof from Mass Revelation
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Kuzari -Rabbi Ari Shvat Kuzari class 9 - "Seeing is Believing" (parag. 21-30)
These paragraphs elaborate on the theme that seeing and knowing is better than any attempt to prove logically, and begins explaining the difference between Israel and gentiles.
Ein Aya Various Universal Stages of the Geula Process
Rav Kook examines the various stages of redemption, explaining how (in addition to the obvious oft-mentioned stages of ingathering the exiles, reviving the Hebrew language, army, state etc.) the messianic dream of world prosperity, the State of Israel and world unity can and are realistically and logically gradually coming true.
Kuzari -Rabbi Ari Shvat Kuzari class 8- "Answering Questions on the Kuzari's Proof from Mass Revelation
How do we know that the "claim" of mass revelation to 2,000,000 witnesses at Mt. Sinai is really true? This important class answers all of the questions skeptics ask about this claim of the Kuzari.
Ein Aya Armies Still Necessary for Balance & the War Against Wars
Rav Kook explains why the world was originally divided into the various seemingly contradicting ideologies and cultures, in order to develop each one respectively. Swords or armies symbolize how each respective ideology defends themselves, as well as deters their opposing ideologies and cultures. On the other hand, the messianic era will be one of peace, and Rav Kook explains the transition to that stage, which mankind is already undergoing.
The Land of Israel LGBT'S IN ISRAEL
The question was asked, how can one make Aliyah with the LGBT parades?
Kuzari -Rabbi Ari Shvat Kuzari class 7 - Five Accumulative Proofs of G-d
As a preparation for the Kuzari's classic proof of G-d from the mass-revelation at Sinai, we start here with 5 other directions to strengthen our belief which also contribute to what the Kuzari will present as well.
Ein Aya Muscle & Meaning: The Dual Nature of Gevurah (Physical Strength)
Is physical strength and fitness a necessity or an ideal? Although it if often totally overlooked among topics of Judaism, Rav Kook writes that it clearly is also a necessity to deter the many enemies of Israel, but even in Y'mot HaMashiach, in the Messianic era, to a certain extent, it's ideal continues even after our enemies will have been finished off.
