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> My guess is that 90% of businesses could have gone on outside, easily weathered this storm, and picked right back up where they left off if we had simply paus
by treis 6y ago
> My guess is that 90% of businesses could have gone on outside, easily weathered this storm, and picked right back up where they left off if we had simply paused rent payment
You can't go home again, though. Meaning that the world pre-Covid is gone and it's not something we can return to. We will always need dentists and daycares and so on, but much of the retail was already on its way out. And then if Covid marks a shift to WFH then lots of restaurants that depended on office workers are no longer viable. The world is changing and creative destruction, while painful, is needed.
- Frondo 6y agoIf millions are evicted and there are no jobs for them to find, and there's no safety net from the government (the one group that can print money), the destruction won't probably creative, unfortunately.
- AniseAbyss 6y agoThis is where things can get dangerous for the US, there is no safety net that guarantees people $1000 a month so that they don't starve or have to sleep on the street.