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> This is just not true whatsoever. E.g. Food supply & medical services are essential. A hat store is non-essential. There is an essay from Leonard Reed called
by generalpass 6y ago
> This is just not true whatsoever. E.g. Food supply & medical services are essential. A hat store is non-essential.
There is an essay from Leonard Reed called I, Pencil [1] that, for whatever reason, everybody who doesn't study economics seems to hate. The essay establishes that even the most simple of things, a pencil, is impossible to understand how it comes to be made.
There are over 7 billion people on this planet. If we go with your definition of "essential" and put everyone else permanently out of work, then we will likely rapidly experience the greatest mass-starvation in the history of the planet.
Even just look at some simple things to understand, such as electricity: how is all of that electrical infrastructure paid for? Cut out all of the "non-essential" uses and you will discover the $/Kw-hour is going to skyrocket and consume a very huge chunk of whatever is left of a rapidly evaporating economy. Then what? Start rationing who is to receive electricity even among the "essential" uses? Is having electricity at home as "essential" as having electricity on a food production line? How is any new venture ever supposed to start under these conditions? Could inventors of a technology as revolutionary as the heat pump find a place in this "essential" definition?
All productive activity contributes to the general wealth of civilization. We may consider some podunk furniture shop "non-essential" to our lives, but the wealth it creates ultimately ends up being applied to other parts of the economy. Even when it is only marginally profitable, the fact that it is paying its bills means that wealth is, on net, being created. Even if you don't consider the products as essential, the wealth creation is, which is to say that all jobs are essential.
[1] https://en.wikisource.org/wiki/I,_Pencil https://en.wikisource.org/wiki/I,_Pencil