Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec...
by ThrowawayR2 on Wednesday April 29, 2020 @10:59AM
(#23020056)
I am against ending the lockdown early as well and disagree in no uncertain terms with those who are trying to minimize the pandemic. However, I don't think it's unreasonable to start wondering whether the economic and political damage may ultimately outweigh the lives saved. If anyone thinks populism spawning extremists and getting them into public office was bad now, imagine the tsunami of public anger and populism that will occur caused by immense (even, dare I say it, pandemic) unemployment and poverty, which is where we're headed full steam. When things get tough, people shift into a "me first" mentality that is incompatible with the philosophies of many HNers.
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Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec...
by CydeWeys on Wednesday April 29, 2020 @11:05AM
(#23020112)
The economic damage at least was always going to happen. It's a direct consequence of the pandemic itself (and people's natural fear-based reactions to isolate themselves to reduce their risk).
It's not like you can relax social distancing and have the economy do well, especially not when the death toll really starts ramping up and people fear for their lives every time they leave home. There isn't any choice available in which there isn't a bad recession.