Opinion | Covid-19 will topple our paradigm of economic value
The crisis should open our eyes to the urgency of capital allocation that serves humanity better
The covid-19 crisis is going to upend every economic assumption that seemed valid a few months ago. It will lead to a re-examination of the current investment mantra of giving astronomical valuations to virtual companies that create intangible assets and provide aggregator services. The narrative that traditional asset-heavy companies are inflexible, slow-moving and somehow anachronistic in the digital age will be questioned.