We need a economic revolution right now .

[fiulpro]

The people are dying.

Government is trying to work out things using their own methods , that they were using since eternity and guess what ?

We don't have a solution to a problem that could have been controlled but the government shushed the people up who decided to stand up.

We all know about the whistle blower doctor who was labelled liar for spreading rumors about the COVID -19

https://www.theguardian.com/world/2020/mar/20/chinese-inquiry-exonerates-coronavirus-whistleblower-doctor-li-wenliang

When this could have been prevented right at the start !

China is trolling the world and avoiding blame , whereas on the other hand US president is all set on opening up US for the Easter .

This is completely ridiculous .

Markets are dying , some countries are leaning towards making heard immunity because now the matter is out of their hands.

We have had amazing revolutions over the years and I do think we need one right now , otherwise we won't survive for long enough.

Either people will die of the Corona virus or the quarantine itself where the poor people are suffering and have no jobs , soon enough they won't be able to pay for their food and other necessities.

Economic situation is collapsing and we need justifiable adjustments , where money which is supposed to be used for the people , for the healthcare facilities , goes where it is supposed to go .

Where the corruption is punishable now just by laws but practically too .

What are your thoughts ? Do you think it is completely reasonable or we can live how we were living before?

[NeuroticFish]

The actual governments are tied to their own interests and old way of thinking. That ensures the current economic model remain, or at least change way too slow.

I think that the way to go wold be to change the way the governments "work". I think that we need one and only government for entire world, of course with (semi?) autonomous regions, and all the individuals governing should get there after CV and interview based recruiting/hiring. Like in a proper company. They would have to work well, else they'd get fired.
Such model would ensure better economic models too and one currency for all (which then can be even Bitcoin).

Of course this is utopia, would require a world wide revolution (and even that may not be enough),

[Lucius]

~snip~

At this point, people are completely powerless because most are quarantined, mostly scared and uncertain about what will happen in the future. How do you envision an economic revolution at a time when much of the world is actually sinking deeper into the abyss of the economic crisis?

USA now blames China for hiding real data (which may or not be true), but this does not detract from the fact that the major powers of the world have largely been irresponsible in dealing with the problem at hand. In time when China is warning the world, Italy and UEFA have organized a football match in Milan in front of 40,000 spectators (Atalanta Bergamo - Valencia) two and a half months after the first recorded case in China. This match was a virus bomb, Italy and Spain are now paying huge price for that.

Even after that, other countries were reluctant to accept the real threat, so we witnessed Trump's incredible statements that the US would have no more than 15 infected, or the British prime minister who planned to infect 40 million people - and today they have a mortality rate of nearly 10% from this virus.

When all this goes through, people will have the opportunity to elect new politicians in the next election, but given the very short-term memory and very poor politicians overall, it is difficult to expect any changes. One should not be overwhelmed by some apocalyptic thoughts, as only about 20% of those infected have serious symptoms of the virus, about 4-5% of which will die on average.

It's a cruel reality, deal with it and adjust, learn from mistakes you do this time and try to prepare for what is coming in the future. The virus is just a warning that the world is quite unprepared for any global crisis, and may in some ways reset traditional thinking and encourage people to make radical changes, especially in the healthcare system.

[fiulpro]

The actual governments are tied to their own interests and old way of thinking. That ensures the current economic model remain, or at least change way too slow.

I think that the way to go wold be to change the way the governments "work". I think that we need one and only government for entire world, of course with (semi?) autonomous regions, and all the individuals governing should get there after CV and interview based recruiting/hiring. Like in a proper company. They would have to work well, else they'd get fired.
Such model would ensure better economic models too and one currency for all (which then can be even Bitcoin).

Of course this is utopia, would require a world wide revolution (and even that may not be enough),

I actually loved your idea , but then there will be a problem with democratic government , what I understand is , if a person is well educated , with a very good moral status , he would indeed make better government than the stupid moron Trump right now.
Maybe instead of people choosing the government , it can be done by the judiciary part , this way they will have a better way to decide also at the same time , democracy sometimes reminds me of the movie *The dictator* , it might be true for some of the countries , like China .
I think people who are interested in politics instead of waiting out should go for it !
No better way to clean up the mess .

[fiulpro]

~snip~

At this point, people are completely powerless because most are quarantined, mostly scared and uncertain about what will happen in the future. How do you envision an economic revolution at a time when much of the world is actually sinking deeper into the abyss of the economic crisis?

USA now blames China for hiding real data (which may or not be true), but this does not detract from the fact that the major powers of the world have largely been irresponsible in dealing with the problem at hand. In time when China is warning the world, Italy and UEFA have organized a football match in Milan in front of 40,000 spectators (Atalanta Bergamo - Valencia) two and a half months after the first recorded case in China. This match was a virus bomb, Italy and Spain are now paying huge price for that.

Even after that, other countries were reluctant to accept the real threat, so we witnessed Trump's incredible statements that the US would have no more than 15 infected, or the British prime minister who planned to infect 40 million people - and today they have a mortality rate of nearly 10% from this virus.

When all this goes through, people will have the opportunity to elect new politicians in the next election, but given the very short-term memory and very poor politicians overall, it is difficult to expect any changes. One should not be overwhelmed by some apocalyptic thoughts, as only about 20% of those infected have serious symptoms of the virus, about 4-5% of which will die on average.

It's a cruel reality, deal with it and adjust, learn from mistakes you do this time and try to prepare for what is coming in the future. The virus is just a warning that the world is quite unprepared for any global crisis, and may in some ways reset traditional thinking and encourage people to make radical changes, especially in the healthcare system.

The sad fact is the figures are getting worse , it is hitting the younger generation more than expected , you can see a clear cut demarcation between the real practical motality rate and the theoritical one .

One more crisis we are done , we don't have savings because of everyday expenses , everyday routine , what else would you expect from a common man who is striving hard to just excel at living?

Trump was the stupidest decision the people of the US made , second to the fact that 7% of the Americans think that chocolate milk comes from Brown cows .

[avikz]

We all know about the whistle blower doctor who was labelled liar for spreading rumors about the COVID -19

https://www.theguardian.com/world/2020/mar/20/chinese-inquiry-exonerates-coronavirus-whistleblower-doctor-li-wenliang

When this could have been prevented right at the start !

Yes, but you can't really compare China with the rest of the world. China has been living under dictatorship since decades and they have now accepted their fate! I strongly believe, that the death numbers quoted by China is not even near to the actual deaths. But thankfully, that's not the case in many other countries because majority of the governments are trying hard to fight with this real threat with utmost sincerity.

Markets are dying , some countries are leaning towards making heard immunity because now the matter is out of their hands.

We have had amazing revolutions over the years and I do think we need one right now , otherwise we won't survive for long enough.

You need to understand that it is temporary. Markets are dying because the major production industries are all shut. These industries are the mass recruiters so they are firing people in big numbers. But as soon as the COVID-19 threat is vanished, it won't take longer before the market is back to its normal course. The number of recruitments will go up and the market will find its own way to shine again.

I don't think bitcoin can be a revolution here at this stage. People will get into crypto market only if they have money in hand, which is clearly not the case. That's the reason why we are seeing crypto market is mostly in red.

I am hopeful that we will soon see the issue is over and we will be back to our daily routine in no time! Let's just hope for the best and accumulate more bitcoins if you can at this moment. 

[Sanugarid]

The actual governments are tied to their own interests and old way of thinking. That ensures the current economic model remain, or at least change way too slow.

They don't have plans for this literally, major countries like USA, CHINA and RUSSIA are always into putting money with their ballistic missiles, war ships and tanks and not even building more hospitals like what we need right now, you see how crap the government is? We are all prepared on how to destroy other's nation yet we are not prepare on a destruction like this, I really think at this very moment that we are facing an extinction but it is very overreaction of me.

[fabiorem]

This quarantine is a mistake. People will not get antibodies if they dont get the virus.

This is not ebola or AIDS. Its a disease which can be healed. Some people healed even after a few days.

I can tell this from my own experience. I've got pneumonia during the swine flu outbreak, and gained antibodies from it. Since then, any cold I've got in the last ten years have healed much faster than before. In the recent years, I had seasonal colds which healed from one day to the next, without need of medication.

The medical establishment dont want this. They dont want you getting natural antibodies, because then you are not going to buy their pills, and governments will not buy their vaccines. And if they are discredited, they will not have legal immunity when their vaccines kill thousands of people.

People should go back to work, before there is a food shortage and things get worse. Starving people dont heal, and are much more susceptible from side effects coming from bad vaccines.

Its only the elders who are at risk, as their immune systems are weakened. These should stay at home, and have their rooms cleaned periodically, to avoid any infection.

[NeuroticFish]

The actual governments are tied to their own interests and old way of thinking. That ensures the current economic model remain, or at least change way too slow.

They don't have plans for this literally,

From what I know, the only thing a government does in a mandate is to make sure they'll get re-elected.
Of course, this is not written down nor said in public "literally".

We are all prepared on how to destroy other's nation

My (Utopian) model was with one government for entire Earth and the regional ones will all go under this. That should hopefully end that stupid rivalry.

I really think at this very moment that we are facing an extinction but it is very overreaction of me.

Although the news look bad, we are extremely far from extinction, thankfully.
This mess just shows how ... obsolete is our "modern medicine" and how useless the current governments and law enforcement agencies are.

I actually loved your idea , but then there will be a problem with democratic government

Indeed, it would be something (meritocracy?) that will replace democracy. Modern(?) democracy is just a stupid game of fooling the masses to vote and choose between people they don't know and a game to keep the hard-to-manipulate ones at home in the voting day. We need to evolve.
However, one big problem in my logic is how to get the ones that'll judge / interview the candidates, but I see that no one was thinking that far. Also the current governments will all have to fall. Difficult.

[tomahawk9]

The medical establishment dont want this.

And this is where I stopped reading. Same ol' conspiracy theory *sigh*

China is trolling the world and avoiding blame , whereas on the other hand US president is all set on opening up US for the Easter .

This is completely ridiculous .

Get your facts straight. There's no such thing as "all set to restart the US on Easter", nothing was set in stone, why are you lying? Just so you know, nationwide social distancing was extended until April 30^[1].

But I guess this doesn't fit your "govt bad, revolution now" narrative.
1. https://www.cnbc.com/2020/03/29/president-trump-extends-national-social-distancing-guidelines-through-april-30.html

[Averim]

Economic revolution should mean the return to the old ways, for start we should be able to produce our own food, instead of importing it from desert areas.

[20kevin20]

Economic revolution should mean the return to the old ways, for start we should be able to produce our own food, instead of importing it from desert areas.

Returning to the old ways isn't as easy as it sounds. Being able to produce your own food means having the necessary knowledge. Anyone who has never grown their own vegetables and animals at home will struggle and, if you switch from commercial food to your own production, having a field of food destroyed means literally going into starvation mode from 0 to 100 in a matter of days.

We don't have the education to do the switch. We are taught all the crap possible during our life but the basis of survival. "Let's move back to the old ways" - sounds great! But what are you going to do with those ladies with 5in long nails and fake eyelashes? What are you going to do with all these rebels not willing to do a "peasant's" work?

Decades ago this was normal. Today it's considered awkward. Future may change our perspective, but when the pandemic ends most will go right back to their old habits and plans.

[figmentofmyass]

USA now blames China for hiding real data (which may or not be true), but this does not detract from the fact that the major powers of the world have largely been irresponsible in dealing with the problem at hand. In time when China is warning the world, Italy and UEFA have organized a football match in Milan in front of 40,000 spectators (Atalanta Bergamo - Valencia) two and a half months after the first recorded case in China. This match was a virus bomb, Italy and Spain are now paying huge price for that.

exactly! it's sort of infuriating watching the USA try to flip the narrative and blame the chinese.

by january, the possibility for widespread pandemic was well known. the federal government did not stockpile medical supplies, they spread material misinformation about mask usage, they downplayed the public health risks and the scope of existing infections every step of the way. which is why stuff like this kept happening:



and we wonder why NYC was hit so badly......

[Averim]

Economic revolution should mean the return to the old ways, for start we should be able to produce our own food, instead of importing it from desert areas.

Returning to the old ways isn't as easy as it sounds. Being able to produce your own food means having the necessary knowledge. Anyone who has never grown their own vegetables and animals at home will struggle and, if you switch from commercial food to your own production, having a field of food destroyed means literally going into starvation mode from 0 to 100 in a matter of days.

We don't have the education to do the switch. We are taught all the crap possible during our life but the basis of survival. "Let's move back to the old ways" - sounds great! But what are you going to do with those ladies with 5in long nails and fake eyelashes? What are you going to do with all these rebels not willing to do a "peasant's" work?

Decades ago this was normal. Today it's considered awkward. Future may change our perspective, but when the pandemic ends most will go right back to their old habits and plans.

Your point of view is right, but in the same time in the old times there was also abstinence, there was care for the surroundings, nature and community, now, in the capitalism era all what mather is me, the selfishness and in this manner we wont get far.

[hatshepsut93]

Be careful what you wish for, revolutions don't always lead to good things, they can often cause extreme and unnecessary violence, political in-fighting and they can easily give rise to even more authoritarianism. And there can't be any economic revolution without political revolution, you'd need to tear the whole system down to change it.

[nosferzd]

What are your thoughts ? Do you think it is completely reasonable or we can live how we were living before?

We will definitely not be able to live as before, because the world has changed in connection with the coronavirus. As we know, economic evolution is a sequential process of transforming an economic system. In order to at least change something, you need to completely redesign the banking system and fight corruption. All this is a very difficult and long process. But the most difficult thing is to come up with such a system of economy so that everyone can use it - it must be simple and understandable. At the moment, the blockchain system will be difficult for many people to perceive. But BTC ATMs are already being introduced in countries where they are not prohibited. As soon as the cryptocurrency system is approved by most countries of the world, then it will already be possible to talk about the economic revolution.

[mersal]

At least now people have to realize that everything told by the governments are not really good for their people, sometimes all they want to save their economy even if there are few hundred people might dies for this and that is actually happening in New York. People might have some changes habits after this pandemic from more consumer to preservative which will push the economy to slow down for sure even after corona ends.

[teosanru]

I don't think there would be an economic revolution going by the current scenario of COVID-19 as most of the countries affected on a major scale are first world countries. These countries have rapid response teams and people have economic stability to recover from almost any crisis in near future. Moreover, on a very practical note a free economy in such a scenario would only increase problems than resolving them. It's because markets would be largely crushed by large players as the retail investors would move out of the market in FUD. Only good point that you mentioned was corruption. Yes, corruption is the worst pandemic which is going on right now even larger than Covid-19. Because even the grants and supplies provided by government are being marketed by corrupt leaders and bureaucrats. This is creating a much worse situation.

Take for Instance India, Govt. has made a budget of $20 Billion USD but unfortunately nothing is being distributed to the end laborer or the persons for whom this budget has been brought in. The numbers look really large but are just on paper. Moreover, even the COVID testing kits are not being manufactured thanks to bold red tapism in India. So, yes corruption is one big reason which could bring in economic revolution. But apart from that I think we as a small retail investor are much safer in the pond in a socialist economy. We might not able to grow for sometime but atleast we won't be eaten by whales.

[jacafbiz]

I do not think revolution would help, the most disturbing thing about all these is the thinking of some youth, may be this is as a result of what they have been taught in school, people do not think for themselves again, believing government must do everything and solve every problem for them. I believe the world we are now is for I, myself and me.

[criza]

The pandemic sure has affected a lot of countries and disrupted the economic status around the globe but, it is not the time to  blame each other, this is the time where cooperation is what matters most. Looking back in earlier pandemics, we are far more ready now, with our techonology and communications, that should be used to unify all the countries to coopearate for a better chance on solving this crisis.

In addition, the good news is, Bitcoin price is gradually making a development these past weeks, and it coule be a sign for a recovery that we hope for.