We need a economic revolution right now .

[wowz2010]

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.

I agree - revolution won't help and probably will never be a help anytime.
At the lowest point ( I mean right now and/or later) we as people should unite together and help each other if govs remains useless.
When we come out of this storm - then we should think whether switch govs or not

[Latviand]

~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 .

This is on point, the government have no feasible plan or effective plan to handle this kind of crisis. As people are staying at home, government officials are also staying inside their houses doing nothing and letting it their countrymen suffer from famine and virus. They don't properly distribute some goods or items to survive this quarantine and if they give something, that thing is not enough to support their lives if they have a big family. During this kind of pandemic, you will really see the true politicians who are willingly sacrificing their lives just to help people and you will also really see the politicians who are useless and corrupt. We can't deny that there are no perfect government, but they should do their responsibilities and mission so that people will not experience this kind of suffering. I hope that not all government in each countries are corrupt because someday we will vote for the politicians who are responsible enough and deserving for the political position.

[Cratoon]

With the current events taking place the economy is going down the toilet for the next year or two. It's really odd to live in a time when you don't have any idea how life will look a year after. One thing is certain -- the power of governments and fiat money economy will weaken. But what will come to replace it, is what we should prepare for.

[stompix]

The medical establishment dont want this.

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

Why is this a conspiracy?
Everyone knows that big pharma doesn't want us to get sick so we can develop antibodies but wants us to become sick so we can buy drugs..
Perfectly logical explanation!

Just as the narrative in the poorest areas of the EU, the NWO wants them poor so they can sell them stuff.
It makes sense, doesn't it?  

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.

Ok, so it's good to blame the government but let's not blame China for all this mess, for trying to hide the truth, for telling the WHO the virus won't transmit between humans, for sending help full of useless gear, and more recently ...for reopening the wet markets selling again all those animals in the same conditions that generated all this...

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.

Oh really?
https://twitter.com/WHO/status/1217043229427761152

January 14:

[Del137]

New great depression is started. History repeats itself

[figmentofmyass]

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.

Oh really?
https://twitter.com/WHO/status/1217043229427761152

January 14:

yes really. january 21: China confirms human-to-human transmission of coronavirus

not to mention the fact that taiwan informed the WHO of human-to-human transmission in december 2019.

and since when do we trust everything the chinese government says anyway? china says "trust us" about urgent matters of national public health, and all western governments oblige, in spite of conflicting evidence?

people are letting their governments off the hook way too easily. the USA government knew the potential in january yet they did absolutely nothing until late march. in fact, they materially misled the public about the known risks until april.

[stompix]

not to mention the fact that taiwan informed the WHO of human-to-human transmission in december 2019.

Ironic...Taiwan who is not a member of the WHO because of ...who (pun!)?
Same Taiwan as this one:
https://www.reuters.com/article/us-health-coronavirus-taiwan/taiwan-says-who-ignored-its-coronavirus-questions-at-start-of-outbreak-idUSKBN21B160

We're not even allowed to call it Chinese flu or Wuhan virus not to hurt their emotions, but god forbid somebody asked the Spanish flu to be renamed h1n1
And fault right now is of Europe and the US for not wearing our seatbelts, not the moron who come the wrong way drunk driving a truck at 200 kmh.

and since when do we trust everything the chinese government says anyway? china says "trust us" about urgent matters of national public health, and all western governments oblige,

Make up your mind
Should we have trusted what they've told the WHO or not?
Because if we didn't trust them the first time I see no point trusting them the second time 

[ethereumhunter]

I believe the economic revolution will come by itself when people are tired of the current situations, and they need to change. It happened before, and it will always happen to make the world better than before. People will fight for something good that they believe that is the time for them to rise. There will be a time for people who are tired because China and the USA trying to show off their power and wants to be the leader among the other country and want to be a conqueror from the other country. We will see the economic revolution will happen at that time, and the situations in all countries will be different than today.

[Febo]

We need a economic revolution right now .

The revolution we will get is to move back to 1945-1973 capitalism. Where government owned and controlled wide assortment of industries. Time of high taxes and heavy and expensive state.

[Harlot]

What are you exactly suggesting? With this "economic revolution" you are thinking about there is no possible way that it could be started with the given situation right now. Majority of the affected countries are still in lockdown and that lockdown also covers work from both blue collar and white collar workers. White collar jobs have a high chance that they have work from home and they still earn while the one blue collar jobs will most likely depend their needs with the government, just with this situation alone we can't start anything but just to stay at home which will help lessen the spread even more. We have no other ability but to just voice out our concern over the internet or donate to a cause but other than that we can't really do anything more.

[CHENIEN]

There is a possibility that the economic revolution will happen in the long run if the covid-19 mortalities are ceaseless to increase, in this event, we can't predict if when the total lockdown it will last and many people have been losing their job and afraid to manipulate their domain. Economic revolutionary is the old ways but sounds great .meaning I agree but it is very hard to happen in this season of social distancing. instantly we have many countries are stand to help their people by giving financial support I think this is the best way to overcome this pandemic virus.

[abhiseshakana]

- snip -

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

Some adherents of modern monetary theory (MMT) assume that whether intentional or not, the coronavirus provides an opportunity for many countries to do economic resetting, especially for middle countries and poor countries.

Economic consequences will surely come when and after the pandemic ends. But there is one policy that the government can do today without having to rely on debt, without having to depend on the dollar and without having to import. The policy is "printing money" as practiced by many countries today.

MMT adherents assume that the theory of inflation is old-fashioned and not always printing money leads to inflation. But there are certain principles that must be done in printing money, namely the underlying is a multi-layered project, so starting from raw materials and labor must be from within the country, there should not be imported goods.

Printing money based on layered projects will make the economy go round even though the country keeps watering money. That way jobs will remain available, and the economy is evenly distributed.

[tomahawk9]

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.

Oh really?
https://twitter.com/WHO/status/1217043229427761152

January 14:
https://i.imgur.com/PJ8PgoE.png

yes really. january 21: China confirms human-to-human transmission of coronavirus

<...> the USA government knew the potential in january yet they did absolutely nothing <...>

Nothing? Hmmm:

First known covid19 case in the US was confirmed on January 20. 11 days later, the US govt (despite people saying they were racists) bans travels from China (Jan 31).
https://www.npr.org/sections/health-shots/2020/01/31/801686524/trump-declares-coronavirus-a-public-health-emergency-and-restricts-travel-from-c

Reminder that a few days later, the WHO said that such measures were excessive: https://edition.cnn.com/asia/live-news/coronavirus-outbreak-02-04-20/h_267d4c445f4bf4730abca05eccc62c67  Imagine what would've happened if they hadn't impose such ban 

But if by "nothing" you mean they didn't "stock up supplies, produce ventilators, an impose social distancing", then, obviously they were not going to do anything, there wasn't enough data (that's what Dr Birx and Dr Fauci from the coronavirus task force keep talking about ALL the time: data) to begin with so there was no reason to "do something" since nothing was happening in the US, at least according to the CDC and Health Department who seem to be hungry for more and more data.

[justdimin]

Nobody really can stop you from calling it the Wuhan Virus, or even Chinese virus, don't be silly that is the PC talking point and nobody really has to care about what they think.

You can always be someone who is leftist and still hate even further leftist BS, I suppose social democracy all around the world but sometimes when SJW makes their talking points about stuff I do mock them as well, there is a level of PC that is correct and should be followed and then there is "we can't call it Chinese virus" type of people, do not care about them, as long as you know you are not hateful towards all Chinese people in a racist stand point you are fine.

I still call it corona because that is what first I heard, not covid-19, not some other name, but corona so I use that, but if I heard it as Chinese virus first like Spanish flu, I would have used that.

[cabron]

It happened already. The Chinese had been warning all over about travel bans, they also lock down Wuhan before the virus spread some of the people on social media calls it too much and raising eyebrows after the locking. It should have been looked at being a serious matter as to why they have been dong it.

Blaming doesn't solve it now. Whether this can be their fault or conspiracy, we need to find a way to survive this crisis and deal with it. You do the revolution today you'll suffer Corona.  

[figmentofmyass]

yes really. january 21: China confirms human-to-human transmission of coronavirus (https://www.theguardian.com/world/2020/jan/20/coronavirus-spreads-to-beijing-as-china-confirms-new-cases)

not to mention the fact that taiwan informed the WHO of human-to-human transmission in december 2019.

Ironic...Taiwan who is not a member of the WHO because of ...who (pun!)?
Same Taiwan as this one:
https://www.reuters.com/article/us-health-coronavirus-taiwan/taiwan-says-who-ignored-its-coronavirus-questions-at-start-of-outbreak-idUSKBN21B160

We're not even allowed to call it Chinese flu or Wuhan virus not to hurt their emotions, but god forbid somebody asked the Spanish flu to be renamed h1n1
And fault right now is of Europe and the US for not wearing our seatbelts, not the moron who come the wrong way drunk driving a truck at 200 kmh.

wtf are you even talking about?

whether taiwan is a member of the WHO wasn't the point. the point is the WHO and all western governments were well aware the pandemic risks in january and did absolutely nothing for 2+ months.

they were doing nothing to stockpile medical supplies or build ICU centers, they were actively telling people there was no risk, business as usual, no quarantines, no social distancing, very scant travel restrictions from china (~760k travelers entered USA from china through february), telling everyone not to wear masks, etc.

in hindsight we now know that western governments literally did everything wrong they possibly could have.

and since when do we trust everything the chinese government says anyway? china says "trust us" about urgent matters of national public health, and all western governments oblige,

Make up your mind
Should we have trusted what they've told the WHO or not?

you are the only one saying we should have blindly trusted china.

studies showing human-to-human transmission in january were independently verifiable. it was not a matter of trusting china. https://www.medpagetoday.com/infectiousdisease/publichealth/84537

western governments in italy, USA, and elsewhere simply ignored the threat for months and fed their populations endless misinformation.

at most, you can blame china for delaying reporting what they knew until mid-january. they did the same when the SARS outbreak occurred so it's not a surprise. they are a propaganda machine after all. they need time to get their house in order.

how does that excuse our governments for ignoring the threat until mid-late march?

the USA and south korea confirmed their first coronavirus cases on the same day. the USA is projected to have a ~1000x worse death toll in spite of korea's much bigger population density. you want me to blame china for that too?

[yoshka]

I agree with that. Soon the time will come when people will feel bad in terms of money, who live in cities and depend on the global economy. However, those people who are not dependent on the global economy, which drives us into slavery, will remain in the same position as before. For example, a farmer who grows organic vegetables will have the same income as before, because people will use his services in any case. In addition, such a farmer will have food, water and almost everything that is needed for existence. Therefore, if the dollar depreciates, then it will not greatly affect it.

[figmentofmyass]

11 days later, the US govt (despite people saying they were racists) bans travels from China (Jan 31).
https://www.npr.org/sections/health-shots/2020/01/31/801686524/trump-declares-coronavirus-a-public-health-emergency-and-restricts-travel-from-c

Reminder that a few days later, the WHO said that such measures were excessive: https://edition.cnn.com/asia/live-news/coronavirus-outbreak-02-04-20/h_267d4c445f4bf4730abca05eccc62c67  Imagine what would've happened if they hadn't impose such ban

those restrictions went into effect the first week of february. by then, the coronavirus was already widespread in the USA.

even after those restrictions, something like 20k americans returned from china in february-march, with apparently minimal screening. not to mention the millions streaming in from britain, italy, and spain completely unrestricted until mid-march. https://abcnews.go.com/Politics/disaster-motion-34-million-travelers-poured-us-coronavirus/story?id=69933625

But if by "nothing" you mean they didn't "stock up supplies, produce ventilators, an impose social distancing", then, obviously they were not going to do anything, there wasn't enough data (that's what Dr Birx and Dr Fauci from the coronavirus task force keep talking about ALL the time: data) to begin with so there was no reason to "do something" since nothing was happening in the US, at least according to the CDC and Health Department who seem to be hungry for more and more data.

south korea and taiwan curbed their outbreaks despite this supposed lack of data. now the USA will have a 1000x worse death toll than south korea. why?

anyway, is that the right way to approach a pandemic---wait until spread is out of control before doing anything?

other administrations were far better prepared for a pandemic like the coronavirus, because they recognized it was a basic emergency function of the federal government, and they understood the exponentially growing nature of pandemics:

Bush did not just insist on preparation for a pandemic. He was obsessed with it.

"He was completely taken by the reality that that was going to happen," Bossert said.

"A pandemic is a lot like a forest fire," Bush said at the time. "If caught early it might be extinguished with limited damage. If allowed to smolder, undetected, it can grow to an inferno that can spread quickly beyond our ability to control it."

"To respond to a pandemic, we need medical personnel and adequate supplies of equipment," Bush said. "In a pandemic, everything from syringes to hospital beds, respirators masks and protective equipment would be in short supply."

Bush told the gathered scientists that they would need to develop a vaccine in record time.

"If a pandemic strikes, our country must have a surge capacity in place that will allow us to bring a new vaccine on line quickly and manufacture enough to immunize every American against the pandemic strain," he said.

Bush set out to spend $7 billion building out his plan. His cabinet secretaries urged their staffs to take preparations seriously. The government launched a website, www.pandemicflu.gov, that is still in use today.

https://abcnews.go.com/Politics/disaster-motion-34-million-travelers-poured-us-coronavirus/story?id=69933625

in contrast, trump and obama both pulled funding for a pandemic response, and both failed to rebuild the national stockpile of medical supplies. trump also dismantled multiple pandemic related programs for budget reasons, even just a few months before this outbreak occurred.

and maybe we can rationalize that. everybody lost sight that a pandemic was possible so they pulled funding---fine. but did they really need to wait 2 weeks to even place basic travel restrictions from china (while still letting tens of thousands through anyway)? did they really need to wait 2 months before restricting other travelers from epidemic-hit countries? did they really need to misinform people about the efficacy of masks? did they really need to wait this long to start procuring PPE? did trump really need to downplay the seriousness of the pandemic, promising a return to normal within weeks right as infections were going exponential?

the most damaging thing the trump administration probably did was to downplay the whole thing, and openly advocate against taking it seriously. as a result, much of the country followed suit. the whole thing became highly politicized, with conservatives/republicans arguing against taking any public health measures seriously. people even started throwing coronavirus parties as a political rebellion. what a fucking shitshow. but what do you expect when the president kept saying "it's just a cold" and we need to go back to normal?

[desertfox470]

I think it's going to be an intresting few months. I'm highly curious to see if when stay at home orders are lifted if the unemployment rate will lower close to what it was before or if the rate will remain high above 15%.

[Subbir]

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.

I agree - revolution won't help and probably will never be a help anytime.
At the lowest point ( I mean right now and/or later) we as people should unite together and help each other if govs remains useless.
When we come out of this storm - then we should think whether switch govs or not

I accept as true with you that this revolution can never solve our problems If we people do anything united then the govt is obliged to obey that Revolution won't only harm our country and therefore the economy are going to be worse. If this problem is solved then people won't be ready to overcome the crisis.