Posted on 03/27/2020 11:36:37 AM PDT by Oldeconomybuyer
The global economy is imploding, but it is difficult to care when there are people gasping for air. For the first time ever, the lines of worry on the faces of hedge fund managers occupy a smaller space in public consciousness than the blotchy indents on the faces of doctors and nurses shedding their surgical masks after yet another 48-hour shift.
This is nothing short of radical.
The virus, borderless and indiscriminate in its reach, isn't only contaminating our airways. It is unzipping our very way of life. Holding a mirror up to our bewildered faces, it dares us to look at ourselves head-on and ask: What matters?
What other insights can we garner from this disaster? That there is a correlation between populist leaders and the time taken to accept reality. The extra days and weeks Trump, Johnson et al needed to bust the myth of their own exceptionalism have already cost lives.
Meanwhile, as countries including the United States rush to introduce the biggest economic stimulus packages in their history, it is worth considering that if small government offers no cure in a pandemic, it may not be the healthiest option in ordinary times either.
In the weeks and months ahead, normality will return to one country at a time. Goods will once again roll off assembly lines. Shops will reopen. The rat race will resume.
But maybe, just maybe, if we take this opportunity for self-reflection, things won't feel quite the same.
(Excerpt) Read more at dw.com ...
I’m Kate Wilson, not an economist, and I approve this message.
Someone doesn’t know how to multi-task.
I’m Kate Ferguson, not an economist, and I approve this message.
Yeah, let the economy collapse. Tens of millions starving to death is no big deal. /s
I care about stocks.
The wealthy care, and most truly don’t care about anyone other than themselves and their immediately family.
Maybe it’s because I am a hospice chaplain and I am hardened, but my first reaction to this was — “people die every day, should the living give up on life?”
I don’t think you abandon all reason at any time.....I don’t think you explode a problem so its impact is much, much more devastating.....
The global economy is imploding, but it is difficult to care when there are people gasping for air.
Utter BS! This is just the usual, manipulative leftist hypocritical trick. People are ALWAYS dying, gasping or otherwise. Watch how fast they don’t matter anymore when someone SHE approves of is in charge.
Until people are killing each other in the streets.
The two have nothing to do with each other. People are always dying and people should always find ways to invest and fund their retirement.
Bump
More left wing BS propaganda. They are spewing it out now.
It’s a shame that women with good sense are often lumped in with ninnies such as this.
They're the only ones. Except for workers whose pensions are invested in them. And millions of ordinary people whose life savings are in 401Ks. And employees. And managers.
But only those people.
Very similar to the left’s argument for gun control: “who cares about the second amendment when people are dying?”
It is not about “stocks” per se, nor really about the companies represented by those stocks.
Those things are stand-ins for the economy in general, and the economy in general is about the people, their livelihoods, their savings, their ability to pay for the things they need, to provide for their children and to prepare for a future.
It is not about “saving corporations”. It is very much about saving one of the most important things in people’s lives - the economic ability to care for themselves.
Of course to all Leftists THAT is not so important.
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