David McWilliams: We are living through a ‘Pandession’ – here's how we escape
There is an opportunity for Ireland in this unique 21st-century economic scenario
A view of Government Buildings in Dublin amid lockdown. File photograph: Aidan Crawley/EPA
As the world economy remains largely closed down, it is essential to understand what we are experiencing. We are not living through a recession. Nor are we witnessing a depression. We are suffering from something new, something I’d like to term a “Pandession”.
A Pandession is a new word because it is a new thing. Language is vitally important when confronted with something novel. If you don’t have the language, you can’t visualise, conceive of or think your way out of it.