Vaclac wrote:beanbag wrote:Vaclac wrote: No doubt a second wave is coming. What disturbs me is that the majority of people apparently think we should not open our economy as long as there will be a second wave when we do. That is an irrational standard that will require us to keep the economy closed for a catastrophically long time. Economic collapse much worse than the great depression will have serious real consequences for people and it is what will happen if we actually maintain lockdown until a vaccine, which is what would be required for there to be no second wave. Already the damage is severe, but if lifted soon perhaps there could be a relatively quick recovery. The longer this goes on the more businesses will go permanently bust and/or governments borrowing way beyond their means, requiring either massive inflation or massive austerity. Those outcomes will no doubt destroy lives but the majority of people either seem not to realize it or not to care.
Why do you think "opening things up" will save the economy and these businesses? They can open whatever the **** they want to open, I'm not going outside.
Right, I don't think the economy will return to its pre-covid heights any time soon even if we stop forcing everything to be shut down because some people will still choose not to go outside. But many people will choose to go outside and at least those people can spend money and do work, so we can save relatively more of the economy that way, and of course lessening the collapse is very worthwhile, even if it's not possible to restore it to its pre-covid heights. We aren't going back there. Any decisions we can make now will still have results that are worse than how things were, but we still need to make decisions that cause the least damage possible going forward.
But there is nothing to suggest that option causes the least damage. Decidedly more people will get sick and die quicker and there is nothing to suggest the increased panic that is caused as the death toll rises doesn't eventually cripple the economy if people just stay inside.
























