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What are we doing to ourselves?

Author: MarkHarman (7286 Posts - Original UHND Member)
Posted at 7:34 am on Mar 30, 2020
View All

"Saving lives" is the answer. I get that. But at what cost?

When I hear people, including Trump, say, "The cure must not be worse than the illness," I don't hear, "The economy is more important than life." If the cure turns out to be worse than the illness, then by definition, it's worse than the illness. And the economy, to a great extent, IS life.

If we have some short-term pain with some businesses failing and higher unemployment for, say 1-2 years, and then afterwards things are pretty much either normal or on the road to recovery, then we can say the "cure" was better than the illness. But if we have 10 million businesses permanently go under and 50 million people out of work for years, resulting in a depression that might make the Great Depression look like a picnic, then the "cure" will indeed have been worse than the illness.

I fear we are already on the road to the latter. Those of you with greater business and economics expertise (probably all of you), please tell me I'm wrong.


Replies to: "What are we doing to ourselves?"

  • What are we doing to ourselves? - MarkHarman - 7:34am 3/30/20 (25) [View All]
    • 116,000 Americans lost their lives due to the Asian Flu of 1958 - MarkHarman - 10:16am 3/30/20
      • It will be way more than 300K if we go back to businesses as normal. - ND_in_DRO - 6:17pm 3/30/20
        • It’s amazing when even Trump gets it better than posters like Mark. [NT] - Frank L - 7:34pm 3/30/20
      • Sure. Obviously, we will have to get back to work at some point. - LehighND - 11:48am 3/30/20
      • So what do you propose? Just open everything up? Models are suggesting 100K ON TOP of the - Frank L - 11:41am 3/30/20
      • You must be seriously fucked right now. [NT] - LanceHarbor - 10:17am 3/30/20
        • Seems like everyone who has a different opinion from yours is "a little off" or "fucked right now". [NT] - BaronVonZemo - 11:43am 3/30/20
          • For MH I meant monetarily. - LanceHarbor - 11:51am 3/30/20
        • Pointing out facts - not wanted [NT] - Hank Scorpio - 10:40am 3/30/20
          • You really don’t think all of us aren’t aware of the economic cost of this? - Frank L - 12:11pm 3/30/20
    • I think you should post this a few more times. [NT] - LanceHarbor - 9:19am 3/30/20
    • Mark - you may have confused Conor, there wasn't a WaPo article linked - TampaIrish - 8:43am 3/30/20
    • Please direct your question to those who voted for this predicament. - conorlarkin - 8:24am 3/30/20
      • Take solace... - iairishcheeks - 11:08am 3/30/20
      • I rest my case. [NT] - BaronVonZemo - 8:38am 3/30/20
    • I'm with you and I fear that we are afraid to make or even discuss - 86domer - 8:14am 3/30/20
      • Re: I'm with you and I fear that we are afraid to make or even discuss - MarkHarman - 10:12am 3/30/20
    • You’re right. The Left will make sure it’s the latter if it means following Trump. This is the - BaronVonZemo - 8:10am 3/30/20
      • What the holy hell? - Rooney - 8:20am 3/30/20
        • Baron used to be more normal. - LanceHarbor - 9:16am 3/30/20
        • Truth hurts, but I am only stating the obvious. The solution to the problem Mark points out is - BaronVonZemo - 8:36am 3/30/20
    • Biggest issue is in panic times people don't act rationally. I believe millions will stop paying - PBHangingChad - 8:08am 3/30/20
    • Calm down. WWII was a far greater crisis and we pulled out of that stronger than ever. - Curly1918 - 7:45am 3/30/20
      • Cause they were tough. Not a bunch of Nancy boys. - Frank L - 1:57pm 3/30/20
        • That's a dandy post. [NT] - jimbasil - 2:08pm 3/30/20
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