4 ms·
We can't afford to shutdown the economy for a year.
by hnaccy 7y ago
We can't afford to shutdown the economy for a year.
- bdcravens 7y agoIt likely won't be. But it'll take a few months for it either to be back to business as usual, or a few months for the economy to adjust to the new reality of takeout and greater ecommerce focus.
- klmadfejno 7y ago> a few months for the economy to adjust to the new reality of takeout and greater ecommerce focus I cannot imagine a faster path to massive unemployment and exacerbated wealth inequality
- spamizbad 7y agoYou don't. But because the US has no real social safetynet and is reticent to expand unemployment benefits you end up with these kooky binary choices.
- saeranv 7y agoThis implies a false binary between shutting down the economy and millions of deaths by not isolating. Look at other countries like Germany, Denmark, and Ireland who are moving to cover wages and providing paid sick leave. Germany is offering companies unlimited loans to prevent them from collapsing. I am not an expert in economics, but it does seem like competent technocrats are finding paths to maintain the economy while maintaining public health, and it's only in the US where you have a president who doesn't have a strong grasp of economics, or the experts to advise him, who only sees an option of trying to force back the old system, despite all the experts (economic and health!) who are advising the exact opposite.