Skip to main content
Friday, October 30, 2026Oct 30

This story is free to read.

Krugman: What if things are about to get better?

File Photo by OK McCausland of The New York Times / People at Washington Square Park in New York in July 2021."There's a good case that in the quite near future we'll see substantial progress against the three C's: Covid, containers (i.e., supply-chain issues) and crime. We didn't get our summer of joy, but we might be heading for a spring of relief," The New York Times columnist Paul Krugman writes.
File Photo by OK McCausland of The New York Times / People at Washington Square Park in New York in July 2021."There's a good case that in the quite near future we'll see substantial progress against the three C's: Covid, containers (i.e., supply-chain issues) and crime. We didn't get our summer of joy, but we might be heading for a spring of relief," The New York Times columnist Paul Krugman writes. File Photo by OK McCausland of The New York Times / People at Washington Square Park in New York in July 2021."There's a good case that in the quite near future we'll see substantial progress against the three C's: Covid, containers (i.e., supply-chain issues) and crime. We didn't get our summer of joy, but we might be heading for a spring of relief," The New York Times columnist Paul Krugman writes.

That was the summer of our discontent. Early this year, many of us were expecting to see dramatic improvements in the quality of our lives. Miraculous vaccines offered the hope of a quick end to the pandemic and a return to normal life. The return to normality would, we hoped, also set the stage for a rapid economic rebound. When President Joe Biden predicted a “summer of joy,” that didn’t seem unreasonable.

But it was not to be. The vaccination drive, after early successes, stalled in the face of widespread resistance, intensified by politically motivated misinformation and disinformation; and in an inadequately vaccinated nation, the delta variant led to a deadly third wave of infections. While job growth has been fast by historical standards, the economy has been crimped both by the persistence of COVID-19 and by snarled supply chains. And a surge in homicides has revived some of the old dystopian fears of social breakdown.

The result has been widespread frustration, with many people predicting that things will stay bad or get worse in the months ahead.

But what if the current gloom is overdone? There’s a good case that in the quite near future we’ll see substantial progress against the three C’s: COVID, containers (i.e., supply chain issues) and crime. We didn’t get our summer of joy, but we might be heading for a spring of relief.

Start with the state of the pandemic. At this point, the delta wave is clearly receding in the United States. Furthermore, there are reasons to hope that this won’t be another false dawn, because the federal government and a growing number of private employers have been getting serious about requiring that workers be vaccinated.