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An enormous outbreak seems likely to cause a recession. The economy is people. People get sick and die, the economy suffers.
by graeme 7y ago
An enormous outbreak seems likely to cause a recession. The economy is people. People get sick and die, the economy suffers.
- TheOtherHobbes 7y agoIt's almost as if we're incapable of creating a planetary economy that can handle shocks with robustness and resilience.
- graeme 7y agoPeople often harp on this point, but plagues travelled the globe long before globalization. They just moved a bit slower from area to area. But they were quite devastating in less connected ages.