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* Our Governments’ Coronavirus Response Could Push More than 1B People to Extreme Poverty FTFY
by macinjosh 6y ago
* Our Governments’ Coronavirus Response Could Push More than 1B People to Extreme Poverty
FTFY
- AndrewBissell 6y agoThe response is pushing many into extreme poverty while also pushing a rich few into even greater wealth.
- cm2187 6y agoIt is being downvoted but it is true. Massive unprecedented money printing has pushed asset prices up. And we are still printing more money.
- AndrewBissell 6y agoMMT for the rich, austerity for the poor.
- strangemonad 6y agoWhy is this being downvoted when it’s demonstrably true. The people being hit the hardest where the ones already in economically precarious situations
- eikenberry 6y agoBecause it is common knowledge and doesn't add to the conversation?
- AndrewBissell 6y agoIt may be common knowledge that the wealthy have done disproportionately well during the pandemic, but much fewer are agreed or aware that that is largely a consequence of the government's/Fed's response.
- ekianjo 6y agoYes, because it makes people at the lower end of the ladder much more sensitive to losses of opportunities. Mandatory lockdowns are a disaster.
- logicalmonster 6y agoThis. My prediction is that before this is all said and done, far more people are going to be killed by the economic fallout of bad reactions to Covid than the disease itself. Many people here are extremely privileged and can work remotely and haven’t been hit by the real despair many families in the real world are feeling. So many people don’t realize that not every job can be done over Zoom. And it seems destined to get worse as the “never let a good crisis go to waste” mentality is going to go into overdrive next year as elitists around the world are going to try and ram through their power grabs that will make our current dystopia look like the good old days.
- ryandrake 6y agoWe (meaning most governments responding to the crisis) should have either 1. implemented and enforced severe, effective mass quarantine, causing a brief acute economic loss, but quickly beating the virus, or 2. ignored the virus and avoided the economic loss, accepting the cost of massive sickness and death. Yet, somehow, we all managed to 3. implement half-assed, unenforced stay-at-home "orders" and business closures with tons of exceptions and loopholes. This resulted in both major economic harm and widespread sickness and death. It's almost as if we're trying to make the worst decisions possible.