What is waiting in the wings will have a far greater effect than Covid19. on peoples lives
And has probably escaped many peoples notice.
That is, Trumps systematic crippling of the World Trade Organisation.
Trump Cripples W.T.O. as Trade War Rages
It was founded after WW2 largely by the inspiration of the USA.
To day it is the foundation of virtually all international trade agreements.
Trump is not content with destroying the ability of the WTO function at the world level, but has started trade wars with all the USA's largest trade partners.
This is totally destabilising world trade and making a mockery of every trade agreement between the USA and every other country.
It will be many years before other countries will feel able to trust America again. Where ever possible they will focus their trade elsewhere. This will have a devastating effect on American markets and finances.
In one respect the divorce between the USA and other large world economies will force them to become more self sufficient, and massively increase their reliance on their own and other similar national efforts, to develop technical and agricultural replacements. We can expect to see trade between the USA and the rest of the world to progressively diminish over the next few years. We may even see the rest of the world moving away from respecting American intellectual property rights, where they conflict with national interests. ( as was the case between protagonists during the two world wars)
America will find that "Taking their bat and ball home" in pique, will be to their own detriment, and that the rest of the world will largely ignore them. But will be happy to attend any fire sales that result.