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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
Rabbis in Midrash
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Israel and the Nations A Few Minutes & Many Innovative Ideas on Antisemitism & What to do About It
As we approach the High Holidays, this short lecture (18 minutes) deals with the unfortunate situation of how Israel and the Jewish People stand against antisemitism, analyzing its cause according to Rav Kook, and how to deal with the issue pragmatically & via our prayers.
Ha'azinu PURSUIT is PERFECTION
p. Ha'azinu, Shabbat Shuva
Rav Kook deals with the question of the seemingly hopeless nature of Tshuva. For G-d Himself knows that He created us with free will, which inevitably means we will sometimes make mistakes and choose wrong. This can easily be frustrating, freezing us into inaction and ye'ush (loss of hope). If one sins even once, does he chalila have no choice but suicide?! Moreover, our Godly conscience demands justice, righteousness and perfection, but we all know this is impossible, so what's the solution? Rav Kook's innovative thinking, strongly based on chazal (our sages), offers an inciteful and important aspect to this topic, especially this time of year!
Sukkot Bug-Free Sukkah: Essential Halachic and Practical Schach Guide
How to inspect, clean, and store bamboo mats and palm branches to protect your mitzvah and holiday meals.
