4 ms·
In principle that makes perfect sense. And it is important to note that there is another choice other than the two we are given: the one the Europeans have chos
by TomMckenny 7y ago
In principle that makes perfect sense. And it is important to note that there is another choice other than the two we are given: the one the Europeans have chosen: employee protection/compensation along with any corporate bailouts.
If for political reasons we refuse the European approach then the concern is not that fatality counts and epidemiologist will be balanced by economist but that epidemiologist and economists will be balanced by lobbyists.
As if to underscore this point, the order for 80,000 ventilators[1] was stopped yesterday on grounds that it was too expensive[2]. The cost at 1 billion is equivalent to 1/4 to 1/12 of 1% of the total F-35 order at 428 to 1196 billion [3] And the f-35 order is already controversial to begin with.
[1] https://twitter.com/realdonaldtrump/status/1241732681366482944 https://twitter.com/realdonaldtrump/status/12417326813664829...
[2] https://www.nytimes.com/2020/03/26/us/politics/coronavirus-ventilators-trump.html https://www.nytimes.com/2020/03/26/us/politics/coronavirus-v...
[3] https://en.wikipedia.org/wiki/Lockheed_Martin_F-35_Lightning_II https://en.wikipedia.org/wiki/Lockheed_Martin_F-35_Lightning...
- downerending 7y agoI do think that employees should be taken care of. I have no idea of the best way to do that. It sounds like a job for economists and politicians. Re the ventilators, the most obvious standard would be not the F-35 cost, but rather what we pay to support a statistical life under other circumstances (e.g., medicaid, EMS services, etc.) No idea what the right balance is, but we don't want people to needlessly die because we overshot on the ventilators.