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I am beginning to strongly suspect that supply chain disruption caused by government decisions is going to cause way more damage to the world than this virus ev
by rwcarlsen 7y ago
I am beginning to strongly suspect that supply chain disruption caused by government decisions is going to cause way more damage to the world than this virus ever could have on its own. I think more people making these decisions could benefit from a good deep reading of Adam Smith's "The Wealth of Nations".
- pcurve 7y agoI'm certain most government knows the economic consequences will be pretty severe. However, given the panic this has already created in public, and much higher mortality rate than seasonal flu, they cannot simply ride it out. I'm sure they have weighed their options, and have opted to take more certain shorter term hit vs gamble with uncertain longer term hit.
- 627467 7y agoimmunesystem can also kill. in fact, one of the ways covid19 kills is through cytokine storm, a immune overreaction. I don't understand why people seem so sure this is not a case of social immune overreaction.
- CydeWeys 7y agoDon't underestimate how costly it is to society to have a bunch of people die. Not taking this seriously will kill a lot more people than taking it seriously.
- logicchains 7y agoThe worst case of the virus is around 2% of people die, mostly elderly. The worst case of "taking it seriously" is an economic collapse in which a double-digit percentage of people die because global supply chains have fallen apart and there is no longer enough food to feed everybody.
- logicchains 7y agoIt seems most of the analysis of these decisions is only looking at the benefits and not the costs; it's impossible to make rational decisions that way.