3 ms·

How much does every day in lockdown hurt the economy? Flattening out the infection curve too much means increasing the economic harm by a much larger degree.

How much does every day in lockdown hurt the economy? Flattening out the infection curve too much means increasing the economic harm by a much larger degree. Calling a lockdown a week too early, means continuing it a week extra on the other end or you risk a sudden, unmanageable peak. I don't envy any politician the decision, but pandering to panic and locking down too soon will cause a lot of harm too.

new2628 7y ago
At a larger level, "hurting the economy" may be the best thing to happen in a long time for (1) the environment, e.g. clean air, (2) family time, (3) cutting out some useless activities that go on due to sheer inertia, like formula-1, olympics, auto shows, most conventions, etc., (4) give people and societies a chance to slow down, think through things and refactor a system that was running full speed towards the wall anyway.
- ubercow13 7y ago
  Doesn't seem so clear. During a recession, you might have less money for investing green technologies. No one will be able to afford an electric car. You might get more family time but the stress of the main earner being unemployed will mean it's not high quality.
  - darkwater 7y ago
    I really wonder why we can't all just slow down the money circulation. There are many business and people endangered by the situation? They can't earn enough money? Well they don't have to pay the full price for basic needs, mortgages etc. People living on this stop gaining money like before? Discounts for them as well, they just keep working for the greater good because we are in a unique situation. Rinse and repeat until we go full circle. What's the problem here? The (totally made up number) 15-20% of greedy people who put money first no matter what. It's really sad.
  - new2628 7y ago
    > No one will be able to afford an electric car. I realize my opinion may not be the mainstream one, but I think the 2008 financial crisis did more good for the environment than all the "green investments" of the past few decades. > the stress of the main earner being unemployed That can indeed be a problem for families. I hope the crisis will bring about some reduction in consumption/travel, downshifting, rethinking of priorities, simpler living.
mnl 7y ago
I'm somewhat puzzled about this doomed economy idea. Many businesses are doomed of course, but some opportunities arise: economy changes, it adapts to the environment. We've been building the perfect tool for this scenario during the last 25 years, if we manage to sustain the logistics the economy won't stop. Had this happened in the early 90s we'd have been in deep trouble.
- mattmanser 7y ago
  Reduced spending on leisure, tourism, travel, etc, less decisions made because no meetings, etc., will MASSIVELY outweigh any opportunities. Even putting aside the sick leave, which will happen either way.

new2628 7y ago

At a larger level, "hurting the economy" may be the best thing to happen in a long time for (1) the environment, e.g. clean air, (2) family time, (3) cutting out some useless activities that go on due to sheer inertia, like formula-1, olympics, auto shows, most conventions, etc., (4) give people and societies a chance to slow down, think through things and refactor a system that was running full speed towards the wall anyway.

ubercow13 7y ago
Doesn't seem so clear. During a recession, you might have less money for investing green technologies. No one will be able to afford an electric car. You might get more family time but the stress of the main earner being unemployed will mean it's not high quality.
- darkwater 7y ago
  I really wonder why we can't all just slow down the money circulation. There are many business and people endangered by the situation? They can't earn enough money? Well they don't have to pay the full price for basic needs, mortgages etc. People living on this stop gaining money like before? Discounts for them as well, they just keep working for the greater good because we are in a unique situation. Rinse and repeat until we go full circle. What's the problem here? The (totally made up number) 15-20% of greedy people who put money first no matter what. It's really sad.
- new2628 7y ago
  > No one will be able to afford an electric car. I realize my opinion may not be the mainstream one, but I think the 2008 financial crisis did more good for the environment than all the "green investments" of the past few decades. > the stress of the main earner being unemployed That can indeed be a problem for families. I hope the crisis will bring about some reduction in consumption/travel, downshifting, rethinking of priorities, simpler living.

mnl 7y ago

I'm somewhat puzzled about this doomed economy idea. Many businesses are doomed of course, but some opportunities arise: economy changes, it adapts to the environment. We've been building the perfect tool for this scenario during the last 25 years, if we manage to sustain the logistics the economy won't stop. Had this happened in the early 90s we'd have been in deep trouble.

mattmanser 7y ago
Reduced spending on leisure, tourism, travel, etc, less decisions made because no meetings, etc., will MASSIVELY outweigh any opportunities. Even putting aside the sick leave, which will happen either way.