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Will the World Ever Be the Same After COVID-19? Two Lessons from the First Global Crisis of a Digital Age

Coronavirus is the first global crisis of a digital age and the divergence in policy responses reflects the challenge of navigating an unprecedented global situation under conditions of enormous uncertainty. We ask what lessons can be learned from this experience and identify two, both of which push...

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Autores principales: Fenwick, Mark, McCahery, Joseph A., Vermeulen, Erik P. M.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer International Publishing 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7481540/
http://dx.doi.org/10.1007/s40804-020-00194-9
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author Fenwick, Mark
McCahery, Joseph A.
Vermeulen, Erik P. M.
author_facet Fenwick, Mark
McCahery, Joseph A.
Vermeulen, Erik P. M.
author_sort Fenwick, Mark
collection PubMed
description Coronavirus is the first global crisis of a digital age and the divergence in policy responses reflects the challenge of navigating an unprecedented global situation under conditions of enormous uncertainty. We ask what lessons can be learned from this experience and identify two, both of which push against mainstream interpretations of recent events. First, and contrary to the view that the crisis exposed social media and Big Tech as a source of dangerous misinformation that needs to be regulated more strictly, the paper argues that the less mediated spaces of the Internet—social media and Twitter, in particular—played an essential role in triggering a more effective policy response based around social distancing, lockdown, and containment. Second, and contrary to the view that things will go back to normal once the worst of the crisis has passed, the paper argues that, as a direct result of lockdown, the status quo has been shifted across multiple sectors of the economy. Three examples of this shift are introduced, notably the forced experimentation with digital technologies in education and health, the increased use of remote work in many companies, and a reduction in environmentally harmful behavior and decrease in pollution levels. The long-term effects of this ‘reset’ are impossible to predict, but a quick return to the ‘old normal’ seems unlikely. The paper concludes with the suggestion that this reset has created a unique historical opportunity for the reappraisal of regulatory approaches across multiple domains and exposed the need for regulatory models better aligned to a less mediated, more decentralized world. COVID-19 is a global tragedy, but—given that it has happened—it should be used as a learning experience to re-imagine a better, more socially, and environmentally responsible future.
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spelling pubmed-74815402020-09-10 Will the World Ever Be the Same After COVID-19? Two Lessons from the First Global Crisis of a Digital Age Fenwick, Mark McCahery, Joseph A. Vermeulen, Erik P. M. Eur Bus Org Law Rev Article Coronavirus is the first global crisis of a digital age and the divergence in policy responses reflects the challenge of navigating an unprecedented global situation under conditions of enormous uncertainty. We ask what lessons can be learned from this experience and identify two, both of which push against mainstream interpretations of recent events. First, and contrary to the view that the crisis exposed social media and Big Tech as a source of dangerous misinformation that needs to be regulated more strictly, the paper argues that the less mediated spaces of the Internet—social media and Twitter, in particular—played an essential role in triggering a more effective policy response based around social distancing, lockdown, and containment. Second, and contrary to the view that things will go back to normal once the worst of the crisis has passed, the paper argues that, as a direct result of lockdown, the status quo has been shifted across multiple sectors of the economy. Three examples of this shift are introduced, notably the forced experimentation with digital technologies in education and health, the increased use of remote work in many companies, and a reduction in environmentally harmful behavior and decrease in pollution levels. The long-term effects of this ‘reset’ are impossible to predict, but a quick return to the ‘old normal’ seems unlikely. The paper concludes with the suggestion that this reset has created a unique historical opportunity for the reappraisal of regulatory approaches across multiple domains and exposed the need for regulatory models better aligned to a less mediated, more decentralized world. COVID-19 is a global tragedy, but—given that it has happened—it should be used as a learning experience to re-imagine a better, more socially, and environmentally responsible future. Springer International Publishing 2020-09-10 2021 /pmc/articles/PMC7481540/ http://dx.doi.org/10.1007/s40804-020-00194-9 Text en © The Author(s) 2020 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Article
Fenwick, Mark
McCahery, Joseph A.
Vermeulen, Erik P. M.
Will the World Ever Be the Same After COVID-19? Two Lessons from the First Global Crisis of a Digital Age
title Will the World Ever Be the Same After COVID-19? Two Lessons from the First Global Crisis of a Digital Age
title_full Will the World Ever Be the Same After COVID-19? Two Lessons from the First Global Crisis of a Digital Age
title_fullStr Will the World Ever Be the Same After COVID-19? Two Lessons from the First Global Crisis of a Digital Age
title_full_unstemmed Will the World Ever Be the Same After COVID-19? Two Lessons from the First Global Crisis of a Digital Age
title_short Will the World Ever Be the Same After COVID-19? Two Lessons from the First Global Crisis of a Digital Age
title_sort will the world ever be the same after covid-19? two lessons from the first global crisis of a digital age
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7481540/
http://dx.doi.org/10.1007/s40804-020-00194-9
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