Sad to hear about the QZ layoffs, and about BuzzFeed UK and Aus shuttering. Have a feeling it’s only going to get worse.

— Yael Grauer (@yaelwrites) May 14, 2020

That is correct. The greatest destruction of wealth in human history is under way right now. Some of the effects won’t become apparent for months or years, but all is in progress — or rather, de-progressing — at this very moment.

It’ll take 25-50 years to recover, if ever we do. With climate change looming, I have my doubts.