Quote:
Originally Posted by OLD BOY
When did the government ever say we would be in lockdown for 18 months or until we found a vaccine? It is not practical or sustainable to impose such restrictions and the population won't stand for it.
What 2008 did for us was 10 years of austerity. We are already in a worse position than in 2008 due to the lockdown. I'm not sure what economic theory you are using to reassure yourself that everything is actually OK. It most certainly is not OK.
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We are in a global pandemic Old Boy - of course everything isn't okay. However, what you are advocating is to ignore a worldwide health crisis and pretend everything is normal. I've stated over and over again - death does very little for consumer confidence, increased rates of sick leave and self isolation leave much of the economy not viable anyway.
You warn, almost gleefully, of the dangerous second wave coming for other countries yet ignore the fact we are at precarious risk of it here.
There's plenty of economic theories that demonstrate state intervention can kickstart economies following a slump. We made our way out the Great Depression with Keynesian economics and similarly could do so again.
I understand it goes against your views ideologically, fundamentally essentially it demonstrates market failure and relies upon state intervention, however that's never been a valid reason to not do anything.