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I would say the extraordinary evidence is right in front of you. The global economy is an interconnected system and it has been shut down to a large degree, aba
by lubujackson 7y ago
I would say the extraordinary evidence is right in front of you. The global economy is an interconnected system and it has been shut down to a large degree, abandoning multiple balls in the air.
The oil glut crisis is an early result, our depression level unemployment rate is another. But balls are going to continue to drop: loan defaults, bankrupt businesses, hyperinflation in some countries, trade agreements blowing up.
And all of this is just the trajectory we are on right now - it may well get worse with a more severe COVID outbreak.
I think given the situation, the onus on you to explain why in the world these bad outcomes WON'T happen, since they seem l to be causally inevitable without strong intervention.
It is like the world has been juggling 5 balls at once and someone just turned out the lights. Maybe we get the lights back on in time, maybe we catch a couple of balls, but gravity is pulling everything to the ground whether we like it or not.