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It is particularly ghoulish to accept the death of millions of people, simply because it would be better for the market. Really, this financial crisis was brew
by KozmoNau7 7y ago
It is particularly ghoulish to accept the death of millions of people, simply because it would be better for the market.
Really, this financial crisis was brewing and on its way, coronavirus or not, because we didn't take the lessons of the 2008 crash to heart. This pandemic was simply the straw that broke the proverbial camel's back, but it is very tempting for economists and politicians to place the blame squarely on this scapegoat, so they can continue the cycle of booms and busts, which benefits only those with enough capital to weather the risks and buy in at the bottom of the curve.
If we want to break this destructive cycle, we need to rethink our approach to economics and society: https://www.hup.harvard.edu/catalog.php?isbn=9780674980822 https://www.hup.harvard.edu/catalog.php?isbn=9780674980822
- drcode 7y agoEconomic depressions kill people.
- KozmoNau7 7y agoThen perhaps let's rethink economics into something more sustainable and not plagued by booms and busts and rent-seekers. As an added benefit, we can make human civilization less harmful to the environment, by reducing our massive overconsumption and focus on sustainability.
- seamyb88 7y agoYou spelt wealth inequality incorrectly.
- CuriousSkeptic 7y agoYou might also enjoy the works of Mariana Mazzucato: https://www.theguardian.com/commentisfree/2020/mar/18/the-covid-19-crisis-is-a-chance-to-do-capitalism-differently https://www.theguardian.com/commentisfree/2020/mar/18/the-co...