Quote (fender @ 25 Mar 2020 01:09)
super low IQ take.
yes, for the moment, the economic costs wont lead to casualty numbers higher than what the coronavirus would cause if left unchecked. for now, the shutdowns are the right approach.
but this state of affairs cant be kept up for too long before the economic devastations of the shutdown become so ginormous that the tradeoff becomes less clear. for now, we can try to soldier through this for a while and hope that the infection chains get interrupted and we get this virus under control, to the point where extensive and preemptive testing coupled with strict quarantines for positives can keep it at bay while we reopen society. that's basically the approach most countries are taking at the moment.
if this approach fails, however, we will very quickly get into a situation where we have to make horrible and impossible choices, where we will indeed have to weigh money and jobs against human life. would 1m lives, mostly of people who are nearing the end of their lifespan anyway, really be worth the loss of ten million of jobs and $5 trillions in wealth? What if its 30m jobs and $15 trillion? And would be able to sustain basic welfare and healthcare in these scenarios? If not, how many casualties would that cause?
if things go badly, we will get into a situation where we (or rather our political leaders) will have to make this impossible decision between human lives and economic fallout, no matter how unethical and inhumane it is and how much it goes against human rights and our values.
Trump might be an insensitive and selfish fool, and he's raising this question of when to reopen out of the wrong motivation (save his reelection), but it is nonetheless the right, the inevitable question. All world leaders are currently asking themselves these questions and analyzing those scenarios, and anyone thinking otherwise is a complete and utter fool. Unlike Trump, they are smart enough to stay silent and keep those considerations private.
This post was edited by Black XistenZ on Mar 24 2020 06:27pm