What N America and Europe need to start on now!

[buwaytress]

How can be an economy crash will be use as their own benefit? Governments are suffering most especially those who are countries that isn't completely developed. Those countries who are over-populated besides China, like India, they are the second largest population and they are having a hard time controlling their people.

I'm not much for conspiracy theorists but speaking at least in my part of the world, my state's actually used pretty much all of the past crises to their own benefit. Sure, the 1997 Asian crisis was bad, it resulted in huge bailouts (at expense of taxpayer) and joblessness, but the government stepped right back in to steady the ship for a lot of people, got really popular and stayed in power for a really long time past expiry date. It even used the crisis to deflect politics going on at the time (student riots etc).

Same thing 20 years later now. We have a lot of deep issues but the depression, impending joblessness and covid-19? States distributing stimulus cash. Miserable sum but people are people and they will remember the cash for next election.

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[Naida_BR]

Building infrastructure is the most used solution in order to kick off the economies again.
However, this would happen by printing more money in order to drop it to the economies. It is very risky to do so as it will create inflationary trends which would be damaging to the economy instead of helping it.

[OROBTC]

...

I am starting to see China getting more criticism re exporting Beer Virus.  I saw a headline today (did not read the piece though) that the Foreign Minister of the British government has become hostile to China, and perhaps they will act.

https://www.zerohedge.com/geopolitical/boris-johnsons-stand-backs-trump-china-well-have-ask-some-hard-questions


China has just announced export blocks of medical PPE  just today: https://www.zerohedge.com/geopolitical/logjams-new-china-export-restrictions-freeze-medical-goods-destined-us  CHICOMS are not our friends.


I reiterate that to bring back pharma, rare earth mining & processing and electronic components would indeed be hugely expensive.  I mentioned that at the beginning of this thread.


Finally Trump may announce a big US infrastructure program at 6:00 PM EDT: https://www.zerohedge.com/health/trump-hold-major-news-conference-6pm-will-announce-reopening-guidelines-2-trillion-stimulus


[ZeroHedge is on fire today]

[exstasie]

I am starting to see China getting more criticism re exporting Beer Virus.  I saw a headline today (did not read the piece though) that the Foreign Minister of the British government has become hostile to China, and perhaps they will act.

https://www.zerohedge.com/geopolitical/boris-johnsons-stand-backs-trump-china-well-have-ask-some-hard-questions

This is all expected behavior. Economic crises breed populism and political scapegoating:

Many experts said one likely result of this outbreak will be an increase in populist sentiment. But it is not yet clear whether it will be leftist populism, in the style of Senator Bernie Sanders, or conservative populism, in the style of President Donald Trump. Leftist populism will likely emphasize the common struggle of the laid off, the low-paid, and the workers derided by their bosses as expendable. Meanwhile, “right populism will ask white working-class people to be in race solidarity with rich white Americans,” Betsy Leondar-Wright, a sociologist at Lasell University, said. It will perhaps lead to the scapegoating of Chinese people and other foreigners.

In the west, this crisis has only exposed (not created) the condition of an eroding middle class and increasingly destitute working class. Wages have barely risen in decades while corporate profits have endlessly risen.

The question now is, will the working class now turn their ire towards their corporate overlords? Or will they let politicians channel their anger and desperation into racism and political scapegoating, and maybe even a military war against China?

[Snappycoco]

What we need is not the infrastructure buildings but more on producing pharmaceutical needs and equipments. I think we have enough infrastructures for electricity and etc.

[Subbir]

What we need is not the infrastructure buildings but more on producing pharmaceutical needs and equipments. I think we have enough infrastructures for electricity and etc.

At present pharmaceuticals are needed to guard the health of the people This disease has made us all understand how important it's to other things Many countries are going to be ready to control the disease sooner if we make different health care tools.

[Latviand]

March was only the beginning.

Maybe!

Perhaps on the contrary, April may be the beginning of the recovery period. Nobody believed that things would grow that big in January. Until the middle of March, the WHO did not take the situation seriously until the last stage. A treatment method to be found can start putting things back on track. Nobody can say that the effects of this bad times will not last for a while, but recovery will begin gradually.

I don't think that this month is the recovering period because there are still a lot of countries where the number of cases due to Covid-19 is still increasing over time. The spread will be not that easy to stop as people are really transmitting the virus from one person to another gradually.

We have no idea when this pandemic will end, we have no idea what to do with next months. Hoping that our scientist quickly develop a vaccine or cure as soon as possible so that the recovery period will happen. In China we can't say if they have already the vaccine because they cases there become stable but we have no proof yet.

Recovery? You really believe that? Even the virus completely disappears tomorrow, its effects won't disappear. Millions of people have already lost their jobs. Millions. That's when the death count is below 100k (65k right now) and it is increasing.

This pandemic is really a misfortune for us, it affects a lot of sector such as agricultural, economy, business and etc. The government should really support those families who have nothing to support its members, people who are not that wealthy enough to sustain lives of their loved ones.

Government should have make a precise and proper planning and allocate some funds for its people to survive this quarantine. Many lives are taken by this virus because of its uncontrollable life-threatening effect, most especially to our elder people. Hoping that the people should follow what the government told them, always stay at home and never go out without errands.

The world will never be the same after this. Many companies will be bankrupt. (Especially airlines) Globalization has failed.

Each country should focus first on how they will fight this virus before focusing on their economy, they should take care first the health of the people and never waste time to those nonsense things like military power. They should use all their funds for the sake of people, to support their country so that somehow they can feel the recovery and complacent to this pandemic.

[abhiseshakana]

Each country should focus first on how they will fight this virus before focusing on their economy, they should take care first the health of the people and never waste time to those nonsense things like military power. They should use all their funds for the sake of people, to support their country so that somehow they can feel the recovery and complacent to this pandemic.

Take care of people is the keyword. Not only physically but also mentally. Each country needs to campaign for covid-19 anti-propaganda so that the mentality of its people is also healthy. WHO's global health emergency with lockdown solutions creates a mechanism of economic warfare sustained by fear and intimidation, with devastating consequences.

Second is to take care of people's economy, not only the government but each individual is responsible for the people around them who are struggling. Top managers & CEOs are awaited by their brilliant thinking in driving the economy when a pandemic occurs. Make real innovations in the name of humanity. Is not management already embedded in your blood. Get out of your comfort zone and challenge yourself.

Learn from China in handling the second wave of covid-19. China combines management science, technology, leadership to prevent the massive spread of corona back in China without turning off its economy. China now really keeps a close eye on anyone who comes from abroad, even though it's its own citizens. Corona suspects and corona sufferers are also accepted in China both Chinese citizens and other citizens provided they are willing and must follow strict quarantine procedures in force. In the end, the transportation industry & hotel industry can start running again.

[hung58bitcoin]

I just read a news saying that China does not allow American companies in China to make medical devices out of China. It is clear that China wants to make it difficult for the United States and European countries to lack medical protection for doctors who are treating patients. Obviously, the world sees the ugly face of China. The US is investigating whether this virus COVID-19 comes from a Chinese laboratory. If that is the case, then China must pay billions of dollars in damages to countries around the world. The best solution is that the US and European countries should withdraw their factories to other countries that have cheap and friendly labor costs, such as Vietnam, Taiwan, India ...

[Averim]

Considering the globalisation and capitalism i simply don't understand how something so indispensable like food and the labor involved in it is paid first then a worker in Fintech company. I believe we should review our values and understand that we are not the center of the universe. Perhaps in the new economy we will value more the nature and the resources around us. This is what Europe and N America should do.

[coinfinger]

I doubt that China does it so that everyone would have to buy from china or even they are probably not doing it so that Americans and Europeans can't protect themselves or anything like that. I hate Chinese dictatorial government that basically kills anyone who opposes them and anyone and their whole family as well, however if you think with a bit of logic you will realize that China has all those places for themselves first, if you need masks would you allow your own manufacturing factories to build some for Europeans or would you force those places to make it for you?

China probably needs like 100 million masks per day at least, you can't use the same mask all day as well if you are a doctor so probably even more, which means they need ALL the mask factories they can get their hands on.

[Yatsan]

I doubt that China does it so that everyone would have to buy from china or even they are probably not doing it so that Americans and Europeans can't protect themselves or anything like that.

Most of people believes that China created the virus to gain some of their interest politically and economically but if that's the case then they should have not make their own country as the epicenter, if their target is America or Europe they could have just easily transported it carried by stealth aircraft and drop it somewhere. Even without pandemic, China is the main producer of all, don't you ever wonder they have the biggest economic step from the previous years?

I hate Chinese dictatorial government that basically kills anyone who opposes them and anyone and their whole family as well, however if you think with a bit of logic you will realize that China has all those places for themselves first, if you need masks would you allow your own manufacturing factories to build some for Europeans or would you force those places to make it for you?

Seems like you're angry about anything that involves China huh, but I think you are just so bored that thinks of this way. Come on.

China probably needs like 100 million masks per day at least, you can't use the same mask all day as well if you are a doctor so probably even more, which means they need ALL the mask factories they can get their hands on.

China won't need it if they don't let people go outside, or just of most of them. 100 million mask per day would costs too much for the government to manufacture, that's quite impossible to do at all, aside having total lock down would really help deescalate the situation, so why not use the solution that requires not that much money?

[abhiseshakana]

I doubt that China does it so that everyone would have to buy from china or even they are probably not doing it so that Americans and Europeans can't protect themselves or anything like that. I hate Chinese dictatorial government that basically kills anyone who opposes them and anyone and their whole family as well, however if you think with a bit of logic you will realize that China has all those places for themselves first, if you need masks would you allow your own manufacturing factories to build some for Europeans or would you force those places to make it for you?

China probably needs like 100 million masks per day at least, you can't use the same mask all day as well if you are a doctor so probably even more, which means they need ALL the mask factories they can get their hands on.

Simply, Chinese is an economic scoundrel, while America is a thug bastard. Facing the world with colonialism. Starting from colonialism 1.0 to colonialism 5.0. We know in the world there are two economic models, on the left side there is socialism and on the right side there is capitalism.

Countries that dominate the world continue to compete for the survival of their respective nations. To survive, they annex other countries and prevent all means, no guilt, no hard feelings. But strangely, many governments in the world see the colonial state with open arms. China, through the OBOR project, turned nearly 70 countries into extended quasi-territory, with financial debt traps. China is the winner in the dominance of the financial world.

America lost some of its domination compilation coz being challenged by China. This finally pushed America to strengthen its MILITARY DOMINATION. America chose to use thuggery to mess up the world, including its biological warfare so that the world is unclear, chaotic, and needs to control the world called America.

[tbterryboy]

For me, I would say that the op has a really good idea here. The world seems to be relying on China for almost everything.
A lot of things I buy these are usually made in China, like seriously, it should be like that. We shouldn’t be relying on just one country for everything we want to do, we ourselves should also producing most of these things we need, especially in the area of pharmaceuticals.

It is going to be painful but we have to do it. Ever since this Coronavirus started spreading, China has been dominating in sales of all things health related. If other countries were producing these things by themselves, they wouldn’t have to rely on China to do it for them.

[OROBTC]

...

China continues its lies, still spreading its filthy propaganda blaming the USA.  

Yet who was it shutting down Wuhan Airport to Chinese domestic flights while allowing flights to/from other countries?

Who does not let anyone into Wuhan's virology lab to look around?  The CCP could allow Western scientists in while being escorted if they are paranoid about secrets (and just what would those secrets be?).

*   *   *

Bring back pharma and precursor production to the USA (and Europe!), looks like medical equipment (PPE for medical people) from China is garbage as well

Start producing rare-earths here as well as Europe (yes, they have some in Sweden and Estonia, also India, Brazil, Canada and Australia)

Bring back production of electronic components (hearing me Apple?)

Again, I understand all of the above would be very costly, but XiFlu has costs us some $6 trillion and counting..........


Would be delighted to hear about other industries that would be important to bring back as well.

[mersal]

...

snip

Developed countries compromised their quality by manufacturing and exporting from China, now they are spending more money than the actual expense for the quality product.

But now countries seems work up.Companies are preparing to move their manufacturing plant to other part of Asia where cost of the product is still effective hope China will learn their lesson from this covid spread.

[wozzek23]

Seriously you say the truth, but I won't really blame most companies that want to manufacture all their products in China lol.
It is not that other countries can't manufacture all those things by themselves, but the thing is that there are lots of low-wage workers and companies are manufacturing there to be able to get production on a low cost. But, I believe that the coronavirus outbreak has taught us all a good lesson that we shouldn't always be relying on one country for everything, we should try as much as possible to do things by ourselves.

The health sector is very important for the government to put their focus on. If they don't focus on the health sector and keep developing it as much as possible, in a situation like this it would be a difficult case to handle, though I don't hope for such a thing to repeat itself.

[Febo]

Seriously you say the truth, but I won't really blame most companies that want to manufacture all their products in China lol.
It is not that other countries can't manufacture all those things by themselves, but the thing is that there are lots of low-wage workers and companies are manufacturing there to be able to get production on a low cost.

Manufacturing in China is not cheap. China have expensive workforce. And with constant GDP growth it is getting more and more expensive.  Cheap workforce is in Southeast Asia and in Africa. Also in parts of South America.

[drlukacs]

I believe Americans and Europeans will do it soon if Covid 19 is well controlled. They have even stepped up further lowering interest rates so that businesses have money to maintain and do not need to pay taxes on some industries badly affected by the disease. Don't worry too much about economic policies, they're good enough to recognize and know what they should do next. The important thing now is to be aware of the people. they should know to isolate themselves at home and that will help the economy in the future a lot.

[travwill]

Too late. The world is addicted to cheap man-power and low interest rates.

It will be very hard to reverse the momentum. It could be done but it will be painful too. By painful, I don't mean what we saw last month. That was nothing.

I agree this is almost impossible. Unless a really serious cataclysm or a third world war will overtake us.
I hope that neither one nor the other will happen and we will be able to adequately get out of the current situation by improving our standard of living.