BBUS, page-3838

Playing devils advocate here (looking at the flip side arguments):

i think governments are leaning towards the virus just being a bad flu.
The preventative measures "to flatten the curve" arent designed to help people get better - its designed to stop people getting sick all at the same time. Those that are going to die, will do so, and as long as the deaths can be spread over time then people will just learn to live with covid in the community. even if the virus takes 1% of the population over the next couple of years (victims consisting mostly of the aged) – that doesn’t really impact either aggregate productive capacity or aggregate demand.

It’s terrible to get sick, and it’s pretty bad but the statistics show it’s not much worse than very bad flu.It’s only the very old that are dying, it’s not the bubonic plague

Lets face facts:
-we arent getting a cure this year. We still havent got one for the flu.
-We cant stay in lockdown indefinetly
-Governments cant provide economic support indefinetly
-We need to take our medicine with the economy and accept that the CV19 will spread through the community

outcomes:
-we learn to live with covid. we accept people will die
-it will change the way we do everything. business models will need to change. online shoping takes off. office space frees up as people wfh. supply chains onshore, manufacturing etc
-new jobs for new businesses out of the ashes. unemployment will takes years to fix
-inequality will drastically increase
-relationship between free market and price discovery wont be re-established. There'l be some pain, a downturn maybe a recession. The system is broken and theres no willingness to fix it as long as the "haves" keep milking the "have nots"