Many years ago an economist friend told me to invest in stock index funds rather than property. He pointed out charts comparing property prices and real estate gains over a period of decades. Despite sudden sharp falls in stock values, the market always seemed to rebound after a few years or a decade and make up all its losses. I was swayed by that advice, but fortunately did not have enough disposable income to put that theory substantially to the test. I invested in an apartment and now, in retirement, consider myself fortunate not to have to worry about a roof over my head.
I look around at young people trying to find jobs, decide on a career, worry about whether they will find fulfilling occupations, or whether they can ever afford to start a family. At first glance, the odds seem stacked in favor of those whose parents left them with an inheritance; property or cash in the bank. The fragility of our economic systems and geopolitical power structures has increased considerably in 2020. A job in a bank, for example, does not seem as safe as it used to be, apart from the moral hazard of being involved in an exploitative business that has invested in fossil fuels and benefitted hugely from government handouts after nearly every crisis this century. There are no “safe” jobs any more, and the working world seems to be divided into two camps: those people with jobs who have to work increasing hours and work-life balance goes out of the window. They have money but no chance to have a life. The second camp consists of the unemployed who have time on their hands but don’t have a life either because they’re too worried about the future to enjoy the present. Somewhere between these two camps is a small minority of people who have just enough income to live a meaningful life!!!??? Of course that last statement is not true. Post-Covid, millions of people around the world, those with wealth and those without, are discovering that the best way to live a meaningful life is to go back to the earth and to nature.
Without the wealth of the earth, every business in the world is meaningless and doomed to fail in a matters of days, weeks, months or years. There is no need to elaborate on this theme. Here’s a list of apocalyptic movies that will educate you on what could lie in store for mankind if we don’t change our ways. The Day after Tomorrow, Mad Max Fury Road, Planet of the Apes, Nausicaa of the Valley, On the Beach, Independence Day, The Road… you get the idea. When it comes to possible futures, we’re only limited by our imagination. If there’s one thing the Covid crisis has done, it’s to trigger imaginations worldwide. Amidst all the hype about AI, high tech and new technologies that will save the world, there’s one underlying trend. People going back to the earth. Maybe we haven’t realized it yet, but that’s the true source of our planet’s wealth, and planetary heroes are the countless millions who work with soil, harvest our food crops and plant trees. Certainly not the multinational corporations that are responsible for the vast monocultural landscapes of the present day.
If only the bright minds inventing clever carbon sequestration technologies would rather invest in natural processes that restore the soil, the earth would grow richer, and all of us along with it.