5. A gradual shift from a Western to an Eastern model of society
5.3. Covid-19 is a first fatal blow to Late-Modernity
Covid-19 did not collapse national economic systems as is portrayed in Western mainstream media. It was merely the catalyst that activated the clean-up of the many severe imbalances that had been accumulating since the nineteen-eighties which then exploded after the great recession of 2007-2008 :