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Financial crises tend to have a long-lasting effect on societies. COVID-19 will be no exception given that its economic and social impact is fueled by a public-health emergency that is difficult to curb and that is putting tremendous pressure on healthcare systems around the world.
Compared to natural disasters—hurricanes, tornadoes, floods—pandemics are comparatively rare. British sociologist Phil Strong (1990) was one of the few to study pandemics. He developed a framework based on accounts of pandemics back to the Black Death in 14th century Europe. Pandemics represented moments of transparency in the social order. All sorts of institutions, relationships, and interactions suddenly became problematic. The taken-for-granted assumptions of everyday life were exposed and became uncertain and questionable.