Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
To bring back lost jobs and save our capitalist economy from collapse, do US politicians need to let COVID-19 kill people?
That's what seems to be happening right now. While public health officials like Dr. Fauci warn about the spike in coronavirus cases that will result from reopening the economy "too soon," Trump and many, many state governors are rushing to reopen fairly quickly -- to save jobs.
Aren't we basically talkling about a tragic choice here -- a "Catch-22" situation in which either choice we make is going to have really terrible side-effects? If we keep the economy shut down, or mostly shut down, to slow the virus's spread and save lives, we risk adding to his country's 14.7 percent unemployment. We risk seeing thousands and thousands of small businesses collapse across the USA.
But if we rush to reopen the economy and allow small businesses (and big businesses) to stay in operation and provide more people with jobs, we're likely to give the virus a chance to spike in numbers again -- which could mean we have to shut down the economy again later, under emergency conditions.
A liberal Nobel-Prize-winning economist, Joseph Stiglitz, stated some months ago that US capitalism as it exists today "lacks an emergency brake." It just can't shut down for urgent reasons of safety without producing economic chaos. What can we do in the future to make this system more flexible and able to protect BOTH jobs and prosperity AND public health?
8 Answers
- ?Lv 711 months ago
Sta'sh is that you. What part of the Kremlin are
you speaking from. No matter how this phony
Covid 19 situation shakes out. There comes a
time when a Nation of what ever size has to
respond to letting their economy free fall. And
Yes their are risk. However People who practice safe distancing and wear mask. Are
taking a big part of the problem out of the mix.
Only shear stupidity like what Cumo did in
New York State with nursing home occupants
sending them back from Hospitals to their
holding cells is a absolute tragedy.
- Anonymous11 months ago
YES............
- ReboundLv 711 months ago
That's like asking if you shouldn't eat food because digestion uses up a large amount of calories and energy. If you don't eat, you collapse. Just like you have to spend energy to have energy, an economy must spend money to make money. The economy doesn't take a timeout just because 1% of people are at risk of dying from this disease.
Update: Lol so capitalism is defunct because it lacks an emergency brake? Hate to break it to you pal, but there isn't a system in the world that has an emergency break. There is no such thing as stagnation. Stagnant economies build up in financial waste the same way a stagnant swamp builds up with fish poop and grime.
- Anonymous11 months ago
For the billionth time, the flu has never killed anyone. Rush Limbaugh and Donald Trump proved this.
- How do you think about the answers? You can sign in to vote the answer.
- Anonymous11 months ago
The death rate is no different to the flu, and it's old people who would die from the flu or old age anyway. The flu shot doesn't work more than half the time, and causes serious injuries that pay out a hundred million a year, every year, just in the USA. There is no alternative, the covid 19 vaccine would be more risky than taking the flu shot, which in my view should be banned. Yes, people always die, and then it's over, and you have natural immunity in the population that is left. That is a bad flu season. Shut up about it already and grow a spine. Put them out of their misery quickly if they're suffering.
- MercuriLv 711 months ago
No, of course not. Moreover wouldn't losing a huge chunk of the US population to sickness/death also cripple the economy as well?
- Anonymous11 months ago
That’s capitalism in a nutshell.
