This is a longer post than usual, as the subject is vast…

Perhaps uncharacteristically, this week I feel more optimistic about the future than I have for months. It’s only December, so forget New Year resolutions such as losing three stones by Easter, becoming a millionaire by the time you’re 40, or developing the charisma of Cary Grant … but it looks like we may soon have several vaccines which are effective against Covid-19.

Once we get through the pandemic and meet ourselves again on the other side, things will look brighter. After all, growing up in Thatcher-era Britain we became used to problems which could seemingly never find a solution: Cruise missiles, The Troubles, Apartheid, the Berlin Wall, the Poll Tax, Acid Rain and the Ozone Hole. Yet the Wall came down in 1989, the Poll Tax was abolished in 1991, the Americans left Greenham Common in 1992, South Africa was freed from apartheid in 1993 and the Good Friday Agreement was signed in 1998.

Even more heartening is proof that we can heal our damaged planet, if we make a collective effort. Lost amongst the pandemic headlines in March 2020 was news that the ozone layer is continuing to shrink and has the potential to fully recover, according to a paper published in Nature, which proves that environmental damage can be reversed by orchestrated global action. Similarly, acid rain was tackled and virtually eradicated in Europe and North America, although you don’t often hear about that very much either.

Unfortunately, all the mass media seem to do is repeat bad news stories about the environment, with Barry McGuire's “Eve of Destruction” playing loudly in the background. Yet unless we have proof that we can make a difference, we’re unlikely to make the effort.

 

2021 AD
What will a post-Covid world look like? Making predictions and prophecies about the future is a mug’s game, although it seemed to work out for that clairvoyancy cartel – Old Mother Shipton, Nostradamus and the Brahan Seer. Behind Dominic Cummings’ slogans such as “Build Back Better” and “Green Recovery” is lots of humbug. However, extrapolation of the recent past is a good way to tell what might happen in the near future, and current trends may point the way towards what will happen in 2021.

Towards the end of his new book, Investing for Growth, the fund manager Terry Smith points out, “Looking back, it seems that crises, including pandemics, accelerate some existing economic trends.”  He identifies Covid-19 beneficiaries might include Remote working, Home cooking, Telemedicine, Online schooling and Automation. There are a few more themes to consider…

 

The death of the High Street
Predicting the death of the high street is a popular hobby, and its demise has been announced many times over. The pandemic is just the latest challenge, super·charged by internet shopping. Of course, before the internet, the High Street was under attack in the 2000’s by out-of-town retail, in the 1980’s by shopping malls, in the 1960’s by supermarkets, in the 1940’s by rationing and in the 1920’s by mail order catalogues inspired by Sears Roebuck … it’s always been in flux, under threat and never more so than when their buildings have been sold off and leased back from ground rent REIT's.  They ruin everything they touch, like King Midas in reverse.

The data used to establish the trend of declining activity makes for sober reading. According to the Centre for Retail Research, there were 600,000 stores in the UK in 1950. By 2012, this had fallen to 290,000 and even before Covid it was projected to decline to 220,000 by 2020. At the current rate of growth, the internet will account for 40 per cent of retail sales by 2030, compared to around 17 per cent prior to the pandemic.
 
High-street banks are becoming something of a rarity, and specialised outlets such as toy shops, book shops and tobacconists have succumbed to internet buying or discount supermarket offers. The pandemic has brought forward the debate on what should be on the High Street. There will always be a need for convenience stores, and after a year or more living under Covid restrictions, most of us will return to socialising with a vengeance, mostly likely returning to bars, restaurants, theatres, galleries and everywhere people come together – but perhaps we could find a better home for the Starbucks, charity shops, estate agents, gyms that open 24/7 and 99p stores.  There may be room for niche outlets such as quality butchers too, but along side them are the dreamy ventures of gentrification: fusion fast food outlets, micro·breweries, the yoga studio that also serves dairy-free yogurt, and the barbershop that only shaves beards.

 

Future travel: Electric Aircraft
2020 won’t spell the end for air travel, because people enjoy it and the world will continue getting smaller, as it has done since Leif Erikson discovered America. The world’s airlines have already begun switching from Jet A1 (kerosene) to electric and hydrogen power. Over the years, I’ve done some work with three different aviation firms, including a training organisation, a fan blade manufacturer and a turbine maintenance firm.

From chats with them, I gather that several different electric aircraft are already flying, including an Electric Beaver, the Pipistrelle, a Swedish regional airliner, and a Rolls-Royce-powered racing planeIn addition, ZeroAvia, a California and UK-based startup, is currently working on a 20 seater aircraft using hydrogen fuel cells, which it claims will have a range of up to 500 miles, London to Frankfurt. Hybrid Air Vehicles, a UK company, hope to bring back giant airships to replace air freight (though their modern designs use helium, rather than the Hindenburg’s hydrogen).

 

Hydrogen vehicles
The motoring press think that pure electric vehicles are a stepping stone towards fuel cell vehicles, which are powered by hydrogen.  The latter have the advantage that they have a range similar to a petrol or diesel, 400 or 500 miles, the tank can be filled in a couple of minutes, and we don’t have to worry about “range anxiety”.
 
Pure electric cars have many drawbacks.  Batteries mean heavier cars, typically 300 or 400kg extra, charging times can be anything from half an hour to eight or ten hours.  Battery performance deteriorates over the years, and the quoted 200 or 300 mile range of an EV is fine in California, but in the Scottish winter with lights, heater, fan blower, heated screens and so forth working combined with a low temperature which has decreased the battery’s capacity, the range may only be half that.  Or less.
 
There are over 25 million homes in the UK, and 6 million private sector businesses, so you’d imagine that well over 30 million power supplies and charging sockets would be required for EV’s – bearing in mind you may need a couple of chargers at home and one at work too.  On the other hand, we already have a network of around 8500 filling stations, and provided you can replace the petrol tanks with hydrogen tanks, you have a ready solution which doesn’t involve fundamental re-wiring of the entire country.
 
Most damningly, lithium ion and similar battery technologies require rare earth elements which are typically found in environmentally-sensitive areas.  If we destroy swathes of tundra and the Greenland ice shelf by opencast mining for rare earths, is that any better than chopping down rainforests, or pumping global warming gases into the atmosphere?  There are already hydrogen-powered buses running in Aberdeen, and perhaps fuel cell cars and lorries will overtake electric vehicles in the next few years.

 

Sustainable Power
The difference we’ve already made by using clean power in Scotland goes back for generations. Since the 1940’s, Scotland has constructed dozens of large and small hydropower plants, and recently, approval was granted to SSE (the successor to the North of Scotland Hydro Board) for the Coire Glas pumped storage scheme, their first big hydro scheme since Glendoe, itself the first major hydro scheme built in Scotland for nearly 30 years. At the same time, SSE are developing the world’s biggest wind farm, on the Dogger Bank.  Our power has been "green" for decades, and at some point in the near future, might even be 100% sustainable.

 

Revanchism
A grasp of the subtleties of human nature teaches you that when something is taken away, you try to get it back.  At worst that means propping up a lost cause by “throwing good money after bad” or the so-called sunk cost fallacy.  At the moment it means that while activists/ campaigners/ pressure groups are trying to force through radical change under cover of the Covid pandemic, ordinary folk will simply be happy to emerge from 2020 with their health, plus some hope of retaining their job, their home and some shreds of their way of life.

The Russian Revolution was perhaps the most radical attempt at social engineering during the past 100 years.  It succeeded in ridding Russia of its royal family, and eventually delivered Constructivism, space travel, and the military machine which beat Hitler – but it came at a huge cost.  When anyone speaks about “revolutionary” change, think carefully about what that means.  Revolution is called for by those with nothing to lose; for the rest of us, no-one wants to lose what they feel that they’ve worked for.

 

Anti·bacterial & hypo·allergenic materials
Another side effect of Covid-19 may be a renewed interest in making the environment around us naturally healthy and free from bacteria – without having to resort to face masks, PPE and vaccines. Before we had effective drug treatments for tuberculosis, sanatoria were built in the mountains because the effects of fresh air and ultraviolet light from sunshine were recognised as an effective therapy for some patients. Nowadays healthy buildings might include consideration of innately healthy materials:

Linoleum is naturally anti·bacterial, anti·allergic and anti·static. A few years ago, research carried out by the TNO Nutrition and Food Research Institute in Holland showed that linoleum can destroy or inhibit the growth of two strains of methicillin-resistant staphylococcus areus - also known as MRSA. Forbo-Nairn Marmoleum is already in use at Ninewells Hospital in Dundee, the new Edinburgh Royal Infirmary, the Sick Kids' in Edinburgh, Queen Margaret Hospital in Dunfermline, and Victoria Hospital in Kirkcaldy.

Copper & bronze alloys are also very effective at killing superbugs, along with influenza and norovirus – bacteria which mutate so rapidly that our vaccines can’t keep up with them. But copper·based alloys such as bronze kill them within a couple of hours of contact, which means that door hardware, taps, switch plates and other frequently-touched surfaces shouldn’t be made from plastic or stainless steel.

Cedarwood is popular for clothes hangers, wardrobes and chests of drawers for good reason: its aromatic scent comes from thujaplicin, a natural anti·bacterial and anti·fungal agent. Some varieties such as true cedar and Spanish cedar have insect-repellant qualities, and cedar wood’s anti·fungal properties make it very resistant to rot, so it has a long life when used as external cladding. Hence cedar boarding, and cedar shingles, neither of which need poisonous timber preservative treatments.

 

A letter to the future from Orwell
The future that George Orwell predicted has arrived, but rather than an all-powerful state acting as Big Brother and carrying out surveillance against our will, we’ve invited Big Brother into our houses, and are paying a monthly subscription for the privilege. The Amazon “Alexa” speaker is a fifth columnist in your living room. Google Latitude software on your smartphone is a stalker in your pocket. GPS in your car’s satnav is the spy in the cab. Your smartwatch is an incubus, monitoring every waking and sleeping hour.

As George Soros predicted a couple of years ago, “The owners of the platform giants consider themselves the masters of the universe, but in fact they are slaves to preserving their dominant position. Davos is a good place to announce that their days are numbered. Regulation and taxation will be their undoing, and EU Competition Commissioner Vestager will be their nemesis.”

So Margarethe Vestager, rather than Winston Smith, may be our salvation. In dealing with the US tech giants from Mountain View in California, she might free us from the overlords who spy on and record every aspect of our lives via smart TV’s, smart phones, smart watches and through the so-called internet of things, perhaps even smart toasters. A warning from history: if you were a fan of Sci-Fi satire Red Dwarf, you may remember what Kryten did to finally silence Talkie Toaster…

 

Sectoral shifts within property development
More prosaically, some of the changes likely to develop in 2021 began incubating long ago. Rather than abandoning projects years in the making, it seems that developers and landlords may convert half-built offices into serviced apartments and flats. Given the rise of renting in big cities, Build to Rent has become a bigger deal for housing developers than Build to Sell. But the one thing developers aren’t likely to countenance is improving space standards by providing more square footage – even though the way viruses like Covid spread, point to living at lower density being safer.

 

Optimism
Optimism is still with us, even after nine months of struggle against the virus. Yet if we start to lose the faith and waiver, it's worth casting our minds back to two of Scotland's greats.  In his rectorial address to Glasgow University in 1972, Jimmy Reid quoted Robert Burns.

In “Why should we idly waste our prime,” Burns writes:,
"The golden age, we’ll then revive, each man shall be a brother,
In harmony we all shall live and till the earth together,
In virtue trained, enlightened youth shall move each fellow creature,

And time shall surely prove the truth that man is good by nature”.

Jimmy ended his speech by saying - “It’s my belief that all the factors to make a practical reality of such a world are maturing now. I would like to think that our generation took mankind some way along the road towards this goal. It’s a goal worth fighting for.”

 

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