> Are some people scared that we might realise just how much activity is really fluff? Yes, the people who own shares (or other stakes in the economy) are worr

> Are some people scared that we might realise just how much activity is really fluff? Yes, the people who own shares (or other stakes in the economy) are worried about it, because they might be the ones who ends up with the fluff. I think the worries have been described in famous Kalecki's essay: http://gesd.free.fr/kalecki43.pdf http://gesd.free.fr/kalecki43.pdf The lockdown is just a different way of getting the economy close to the state of full employment - by reducing consumption rather than by increasing production.