Quote (fender @ 9 Mar 2020 19:09)
again, i'm interested how you weigh the loss of human life against economic damage. just to be clear, i'm also concerned with italy's economy, this will most definitely be a massive blow, but like i explained before, they did not just completely switch off the north, they are trying to contain the spread.
that said, it seems like your laissez faire approach isn't exactly working, cases and deaths have spiked significantly since just yesterday:
https://www.worldometers.info/coronavirus/but hey, everything to not disturb the precious economy, right? worked like a charm btw, have you looked at the stock market recently?
The markets are looking grim because of all the hysteria the media produces over a virus with a low death rate among the productive population, and most importantly, because of the harsh decisions the governments are implementing or might be considering implementing... the markets don't crash because they fear a virus, but because they fear the economic consequences of a government shutting down the economy, as well as the uncertainty a hysterical society create.
As for how much we value life... well, it does depend on what lives. Lives are very valuable, all of them, but our standard of life is in our national interest, and if lives were always above that then there would never be people being sent off to wars. We allow people to drive despite the roads killing thousands each years, we allow people to drink despite alcohol ruining (or ending) the lives of a small percentage of the population... we can't just give up freedom and the way our society functions over some disease that will kill a tiny fraction of the population that has very limited impact on the national GDP. A nation's leader shouldn't allow fear and romanticism to hold the national economy hostage.