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Earlier in a podcast Chamath also explains that we are basically facing a choice: save the people, or save the markets, and we are choosing to save the people.
by kirillzubovsky 7y ago
Earlier in a podcast Chamath also explains that we are basically facing a choice: save the people, or save the markets, and we are choosing to save the people.
If you look at the link from Draper, he is a VC, and is clearly looking at the situation from a more financial stand-point. His push to reopen business as usual might sound cold, given the situation, but it has legs, at least from a purely economical point of view.
- jenntoda 7y agoNope, that doesn't make any sense. Keep the shops open now and infection grows exponentially. Overwhelm the ICU capacity = MORE people will die. MORE people dead = less consumption = less people paying rent, etc. There is no good solution :(
- kasperni 7y agoAgreed. Honestly, who is going to take a trip around the world now? Even if all the borders were open. No one is going to risk getting stuck in some foreign country.
- forkexec 7y agoSome rich jerk who's paying people in hand-sanitizer instead of money.
- senectus1 7y agothe damage to the economy and to the human population is PROVABLY better if you flatten the curve. https://qz.com/1816060/a-chart-of-the-1918-spanish-flu-shows-why-social-distancing-works/ https://qz.com/1816060/a-chart-of-the-1918-spanish-flu-shows...
- forkexec 7y agoThere is a better solution: taking care of people, isolating the vulnerable and not allowing others to get sick unnecessarily rather than letting 120-170 million die.
- anovikov 7y agoUK chose to save the markets. Let's see how it will play out.