anticlimatic
Permabanned
- Joined
- Oct 17, 2013
- Messages
- 3,293
- MBTI Type
- INTP
Exactly, what are you waiting for ?
However you can't really fix any of this before you fix the pandemic. Because as long as there is the pandemic the people just wouldn't spend the money even if they have it, while most will try to save every cent they have. What means that risky but none essential places are out of the picture. Restaurants, bars, movies, airlines, various entertainment parks and stores, theaters, car stores etc. While others will probably have visible loses. Therefore there is a great depression in the mix regardless of opening and closing the economy. What I tried to explain to Justin before he got himself banned. The point of a lock down is that people will get infected and that will crash the economy anyway, therefore with the lockdown economy will suffer but at least people will be safe and you will not have to pay their treatment (plus with right moves you can ease this suffering of economy greatly). While most that got infected will get cured in isolation since the disease isn't fundamentally fatal even if it is nasty. Plus they wouldn't spread it much if they all stay home. Therefore in the end basically everyone will be back to work after 2 months once the problem is phased out. Do you honesty think that Trump or Wall Street would both agree to the lockdown in the case there was any reasonable alternative ? (in election year) However your lockdown has failed in it's main task due to whole number of reasons regarding the government, media and the culture. Therefore this is basically finished story at this point and there will not be a new lockdown. Therefore at this point your only hope for the near future comes down to personal responsibility of masks, gloves and protecting each other. What returns us to the "What are you waiting for ?".
The point of the lock down was to flatten the curve, and also in my opinion to take control of the economic nose dive that would have happened regardless. One of the positive elements of the current economic downtown is how much it's perceived to be a deliberate effort by the government, which has caused less panic in investors and kept them with the hopeful notion that a government directed rebound would follow. Flattening the curve was accomplished in a couple months, and our economy has been reopened with the personal responsibility protocols in place- aside from a few left wing governors who decided to keep their lockdowns going for purely political reasons (after evidence came in that they only caused unnecessary economic/psychological hardship with little to no public health benefit)- since left wing people are disproportionately affected by the virus and disproportionately want lockdowns imposed on them, and also because american authoritarians are almost universally on the left these days and it is very hard for them to give up power once acquired. It's definitely not open all the way. The fact that restaurants and other venues can only fill their establishments at 1/3 capacity (estimating based on the six-foot rule, when 2 feet of space seemed to be standard prior) mean that within themselves they are operating at a small percent of their potential. But like a plane that has been nose diving with the engines cut, starting them again at 30% power can at least slow the descent and help to keep the plane in the air for the time being. Which remedies the biggest fear I had back in March- that a majority of businesses would collapse under too-long of a lockdown. What you are going to see soon are the rebounded numbers that reflect the reopening, which combined with a more positive national outlook (on the virus and economy at least) will begin to snowball upward. We are in a mostly good position right now, and I think you will see that begin to increase, despite the media's desires. One thing I also don't think you realize is that until the pandemic is over on a global level, not just a national level, you will not see the economic potential restored to any particular nation- including yours. Croatia might have avoided getting its people sick so far, but you are about to have other problems. You have about the same level of debt as the US (comparing percent of GDP), and your summer tourism season is vital to your economy, but nobody is going to want to travel abroad simply for recreation while the virus is still living in airports. At least the US has a lot of other ways to generate "in house" revenue to keep us going (tourism is 2 percent of the US GDP, and 20 percent of Croatia's GDP).