Quote:
Originally Posted by jfman
Nonsense Old Boy. Haven’t you seen the videos of people dying in hospital corridors in Italy? The army taking away bodies. This is far from the common flu. The first thing being that nobody would have noticed if it was.
The ignorance of some that this is no more than seasonal flu is what is prolonging the pain and “wrecking” the economy. The stock exchanges were tanking while Europe was treating this as business as usual.
You are forgetting that the capitalist economies are essentially pozni schemes build upon trillions of debt. Countries, businesses, consumers. All drowning in it.
Dealing with virus response swiftly, protecting people’s jobs and businesses would allow everyone to come out the other side with confidence. Months and months of misery would not.
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Thanks for bringing some economic literacy to the debate. Also worth knowing that external events like this crisis tends to have a lower long-term impact on economies than internal financial ones like the Global Financial Crisis.