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Re:Bank of America: 58,000 small businesses ask for $6B in l... by majormajor on Friday April 03, 2020 @04:40PM (#22773750)
You don't get consumer demand back to its old levels by flipping a magic shutdown switch while the virus is still growing.

Competition under our current rules has eliminated the ability of most businesses to save cash or have any real buffer, since they'd lose to the ones that ran month to month right on the edge. Pushing to "end the shutdown" to return things to normal there is a false hope.

Re:Bank of America: 58,000 small businesses ask for $6B in l... by tathougies on Friday April 03, 2020 @05:14PM (#22774013)
> Competition under our current rules has eliminated the ability of most businesses to save cash or have any real buffer, since they'd lose to the ones that ran month to month right on the edge. Pushing to "end the shutdown" to return things to normal there is a false hope.

There is a huge difference between having money to cover declining sales over the course of a year or a few and having enough to cover 0% of sales due to government mandate. I wouldn't expect any company to have the resources to be able to survive a complete zero'ing of revenue for any sustained amount of time.

Re:Bank of America: 58,000 small businesses ask for $6B in l... by majormajor on Friday April 03, 2020 @05:44PM (#22774220)
My argument is that restaurant demand was cratering before the government mandates and the businesses were already doomed at that point. Same thing with conferences and the event business. And air travel. Hotels. Etc... The people putting these policies in place are reacting to the disease, but the fault lies with the disease, not the people.

So then we're balancing "the economy is quite fucked anyway, so might as well try to save as many lives as possible" against "some people are going to die anyway, might as well try to save as much of the economy as possible."

Re:Bank of America: 58,000 small businesses ask for $6B in l... by tathougies on Friday April 03, 2020 @07:01PM (#22774767)
I don't think restaurant demand was cratering before coronavirus? Coronavirus will at some point not be so important, either because it will be eradicated (unlikely) or because we'll stop caring (more likely), and treat it like we treated polio in the 50s, which didn't cause economic disruptions the like of which we see today.
Re:Bank of America: 58,000 small businesses ask for $6B in l... by majormajor on Monday April 06, 2020 @02:22PM (#22796328)
It wasn't cratering before the coronavirus, it was cratering before the official response. Same with toilet paper hoarding.

So claims that we can "stop the shutdown" and "reopen" are naive.

Re:Bank of America: 58,000 small businesses ask for $6B in l... by runawaybottle on Friday April 03, 2020 @04:47PM (#22773801)
No one said it’s going to be a flip of a switch. It will definitely be a prolonged process, but we already saw what 1 month of a shutdown can do. So we have to realize that being 1 month ahead in restarting everything is precious.

Society has to get used to the paradigm that 50% are asymptomatic and can return to the economy, while at the same time compromising for the other 50% that need to stay home and quarantine. This is the new reality to pragmatically restart things.

Your company should still be remote until end of summer. Businesses should re-open with generous time off for anyone that needs it without laying people off.

Re:Bank of America: 58,000 small businesses ask for $6B in l... by kbenson on Friday April 03, 2020 @05:14PM (#22774015)
> Society has to get used to the paradigm that 50% are asymptomatic and can return to the economy, while at the same time compromising for the other 50% that need to stay home and quarantine.

Nobody knows who they are until they get infected (and sometimes not even then, if they don't present much). 50% of the people going back and half of them having problems would still completely overflow all our healthcare capacity and many of them would die.

The perfect plan would be to massively ramp-up the healthcare system capacity as fast as possible and to fit those that need extra attention to our ability to provide it perfectly. The problems with this are manifold:

- The time the professional help is needed is often a week or more after infection and long after they've been contagious, making planning hard.

- Knowing how people interact and congregate and spread the disease is essentially unknowable when people are actually interacting, so the only way to have any semblance of forecasting ability is to prevent interactions.

- Having surplus capacity by 10% doesn't kill anyone. Having surplus patients you can't handle by 10% means deaths, and at a high percentage rate (I wouldn't be surprised if it's 10% of that cohort or higher). As the capacity ramps up, we're also talking about really large numbers. If we can handle 10 million people in the healthcare system, being off my 10% and having 10% of those die because of it is 100,000 people.

- The spread is not even, there will be hot spots that outstrip local capacity while remote capacity is underutilized.

Right now we have people afraid, but we don't have a massive panic so much, depending on where you are. Once a lot more people start dying, and people around you that you know, then real panic will start, and that might make any economic problems we're seeing now look tame comparatively.

Re:Bank of America: 58,000 small businesses ask for $6B in l... by download13 on Friday April 03, 2020 @05:02PM (#22773931)
But they won't because they would lose out to any businesses that didn't. Almost like competition is really ill-suited to solving public disasters (as well as a lot of other things).