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Author Topic: Saving economy at the cost of what?  (Read 1152 times)
petuel
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June 26, 2020, 07:55:58 PM
 #61

Saving enables the production of capital goods, saving is obviously at the heart of the economic growth that raises people's living standards. Another important role of money is to serve as a medium of saving. Good for the economy because it increases productivity. No matter the savings rate, more savings will translate into more capital.
In my opinion we shouldn't discuss enough/not enough value of the decision 've made us govs.
We rather should think in terms of it economy and inner culture of capitalism.
Capital is worth more than some lives in US, I don't think thats debatable.
Debatable is whether other countries should do the same or not
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June 26, 2020, 08:44:31 PM
 #62

Saving enables the production of capital goods, saving is obviously at the heart of the economic growth that raises people's living standards. Another important role of money is to serve as a medium of saving. Good for the economy because it increases productivity. No matter the savings rate, more savings will translate into more capital.
In my opinion we shouldn't discuss enough/not enough value of the decision 've made us govs.
We rather should think in terms of it economy and inner culture of capitalism.
Capital is worth more than some lives in US, I don't think thats debatable.
Debatable is whether other countries should do the same or not

One way or another, sooner or later, everything happens to be about money.

Your education, your job, your marriage, your kids, your parents, your health, your hobbies, your vacations etc etc.

Every choice you make has a financial logic behind it.

Smart people figured this out before the rest of the world and even though some people try to resist capitalism, everybody still plays by its rules.

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crzy
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June 26, 2020, 10:47:44 PM
 #63

The government is doing everything to balance the situation, they can’t just stopped working and let the virus killed the economy. I know there are so many irregularities but I believe every government is doing their best, its hard to run a country where people have no coordination at all. They’ll save many as much as they can, and I sure the economy must continue to work so they can still face many challenges in the future.
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June 26, 2020, 11:10:27 PM
 #64

People think that governments choose between economy and health of citizens but in fact it isn't so.
By responsible behaviour of everyone both options are possible.
Lockdown can't last forever, that would mean the end of our societies and we have to continue with our lives and that includes economy, production, social activities. If we obey recommendations and rules made by epidemiologists all activities can continue and we can still protect our health. Besides constant fear and panic from virus don't lead anywhere, thus you could spend your life in fear from any other diseas and where would that lead you.

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June 26, 2020, 11:46:52 PM
 #65

People think that governments choose between economy and health of citizens but in fact it isn't so.
By responsible behaviour of everyone both options are possible.
Lockdown can't last forever, that would mean the end of our societies and we have to continue with our lives and that includes economy, production, social activities. If we obey recommendations and rules made by epidemiologists all activities can continue and we can still protect our health. Besides constant fear and panic from virus don't lead anywhere, thus you could spend your life in fear from any other diseas and where would that lead you.
Lockdown won't last forever but either way there's still a risk of losing people hence saving the economy in order to protect the people is a tough choice since the risk is still present. But, with the right procedure on how to minimize the risk of getting infected is still a chance that we should have to work in order to protect the economy or else let a single country be wiped out since the results also reveals that if the economy dropped then everything will going to drop soon.

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June 27, 2020, 02:34:59 AM
 #66

The government is doing everything to balance the situation, they can’t just stopped working and let the virus killed the economy. I know there are so many irregularities but I believe every government is doing their best, its hard to run a country where people have no coordination at all. They’ll save many as much as they can, and I sure the economy must continue to work so they can still face many challenges in the future.

balancing is better than one is high and the other is low , atleast people will somehow calm down and wont complain if ever they fall on the low side and get heavily affected on the situation .

 course they wont just sit there watch us people panicking or watch the economy and the people dying but govts role is to help and fix the known issues . ill be pissed off to think that virus can win over us when infact virus is only a virus with no brain that can think .
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June 27, 2020, 09:18:48 AM
 #67

Restrictions are removed for the reason that few countries can afford to be in isolation for months.
New outbreaks will be but at least humanity now knows about masks.  In any case, the crisis will be stronger and more destructive if you continue to keep everyone at home.
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June 27, 2020, 10:25:17 AM
 #68

The government is doing everything to balance the situation, they can’t just stopped working and let the virus killed the economy. I know there are so many irregularities but I believe every government is doing their best, its hard to run a country where people have no coordination at all. They’ll save many as much as they can, and I sure the economy must continue to work so they can still face many challenges in the future.

It is really hard since they made a lot of mistakes to start with.

I know that they are doing their best but my countrymen are such perfectionists and they argue with every wrong mistake the government has made. I can understand that since they are the leaders and as long as they can, they should really avoid making mistakes since they are holding the lives of a lot of people with those decisions or plans. I hope we can all get through this.
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June 28, 2020, 03:51:59 PM
 #69

I can see the point that we should always consider the healthcare of everyone, it's a must because "Health is Wealth", but we can't also consider the fact that in order for us to be healthy, we need to eat a proper meal and not just foods that are offered by the government. Here in my country, the government gives food and assistance for many poor and middle class familiies when we're still in enhanced community quarantine and imagine that many people they have to give assistance to, that's a lot yet their assistance is still not enough for a whole month. People are still forced to go out and make money in order for them to avoid starving. Yes, health should always be considered but we can't rely to the government always, most especially those people that can't work at home like drivers, street vendors, etc..

It's a good thing that people can now go out to work, in my opinion, but we all have to be extra careful for us to be safe. Always wear a mask and always wash your hands and use alcohol. Our health now depends on ourselves, be extra careful and always follow social distancing. We have to bear with that until the day comes the vaccine will be discovered. Till that day comes, let's all be safe.
jonatha28
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June 28, 2020, 04:33:07 PM
 #70

Current situation is one of the hardest in human history - most of us have all information available online, we are not in war, you can connect literally anyone online, yet thousands of people are dying.
If we choose to sit home to prevent corona deaths - we are going to face real economy depression and you should understand that poor people are going to rob, kill, destroy and etc.
On the other hand if we choose to go out and work - our economy is going to be fine after some months of constant work, but people are going to die more due to corona.
We can't estimate losses without making this decision so we gotta hope for the best and try not to loose current economical state I guess
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June 28, 2020, 05:27:11 PM
 #71

Restrictions are removed for the reason that few countries can afford to be in isolation for months.
New outbreaks will be but at least humanity now knows about masks.  In any case, the crisis will be stronger and more destructive if you continue to keep everyone at home.
Economy needs to move it's a hard decision to every leaders but it can't take away the fact that more damages will be done if government will not work it out, taking all the precautions and strengthen the fight against this pandemic virus by implementing all safety measures.

It's needed to be more strict will all the government rules regarding to social distancing as it will lessen the chance of spreading the virus, if things will materialized well the cost of reopening will be much productive with lesser chances of more infected citizens,.
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June 28, 2020, 06:58:03 PM
 #72

Starting again with a new normal life will provide an opportunity for everyone to restart their lives and their economy. The company will be re-operated and workers will return to work for money that will support them. During quarantine there is a lot that must be sacrificed and it affects everyone. The government is temporarily helping the community, but not until the Pandemic ends. A new normal life and coexist with covid-19 virus is the right choice for now. The most important thing is to maintain yourself by always maintaining cleanliness, using masks and according to the protocol set. The economy will recover if we together try to rebuild it.
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June 28, 2020, 07:34:43 PM
 #73

Restrictions are removed for the reason that few countries can afford to be in isolation for months.
New outbreaks will be but at least humanity now knows about masks.  In any case, the crisis will be stronger and more destructive if you continue to keep everyone at home.

If only masks were able to stop the virus. Most of it is transmitted through touching your face or mouth with dirty hands. A mask won't save you if you don't know how to behave.

I still think it's good they're trying to make things go back to normal. The virus kills 1% of the infected but the suicides in case of a global recession will kill more than that.
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June 29, 2020, 07:05:58 AM
 #74

Restrictions are removed for the reason that few countries can afford to be in isolation for months.
New outbreaks will be but at least humanity now knows about masks.  In any case, the crisis will be stronger and more destructive if you continue to keep everyone at home.
Yeah, there is really nothing else we can do. Do you know what’s more annoying with the lockdown? We went on a lockdown with hope that the virus will stop spreading, but guess what? It kept spreading and numbers increasing. So, what’s the need for a lockdown when it’s not solving any matter? And yet people are going hungry and losing their jobs? Nah, we better stop the lockdown and let people go back to their work, it doesn’t make any sense.

A lot of companies tried the work-from-home, but you do know that a cleaner and a security can’t work from home right? A cleaner might end up losing their job because they can’t work from home.
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June 29, 2020, 02:45:29 PM
 #75

Demonstrations that took place in the United States and did not lead to a second wave of the epidemic confirm that wearing masks and observing hygienic measures will mitigate the repercussions of the pandemic.
Adherence to these procedures and teaching the people to start with fear of the virus and that it may lead to human death and the destruction of the economy is the solution.
When people stop fear, they become less cautious and fail.
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June 29, 2020, 10:46:06 PM
 #76

The number of infected people has dropped, many have been cured and recovered
 That's why the government is trying to slowly restore everything, because they can't provide all the needs of their citizen.they have to do that because many are hungry.
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June 29, 2020, 10:58:09 PM
 #77

Starting again with a new normal life will provide an opportunity for everyone to restart their lives and their economy. The company will be re-operated and workers will return to work for money that will support them.
The problem is what happens if the company is in debt so that they cannot restart the work again after a three month layoff and i am sure many companies are facing that situation, i am not talking about multinational companies but small and medium sectors and they will find it diffcult to restart the work and the people who work in those places suddenly have no job and the question would be, will be government help in reducing their debt and funding them and most of the time it is highly unlikely the government will bail these small and medium industries.

The most important thing is to maintain yourself by always maintaining cleanliness, using masks and according to the protocol set. The economy will recover if we together try to rebuild it.
It is not that easy to revive the economy because the debt starts increasing and what will the government do to ignore that, pump more money and what happens is inflation if they keep on printing and pumping money, maintaining a healthy diet and using mask is one thing you need to follow but it would have been great if we followed that from the start.
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June 30, 2020, 01:41:59 AM
 #78

I do think we do realize that the most important thing one should be concerned right now about is actually : Well being, Good health of his family and himself too.

When I go through the news I do realize that the government is prematurely removing the Quarantine , which might cost life of a lot of people .

• Bans on many Casinos was lifted
• The Flights have started operating
• Schools are going to start again

And much more !


I do think we should realize that even though we are moving forward to save the economy of the world , we are actually less concerned about COVID-19 now.

Is it worth it ?

Because even though we have strict regulations, even though people have been given strict rules to follow , they will still mess up !

I am aware of the counter argument : If this is not done people will still die ..Hungry , without being able to pay for the basic necessities

But I do think there should be some way , such as Quarantine is extended but still the Sectors Instead of asking people to come to the office continues to work from Home.

There should be Penalty on people for not wearing masks, might sound ridiculous for some but please understand that :

The second or Third wave of the virus can be prevented by 100% usage of masks .

With Risks increasing and possible economic collapse where are we headed to ?


Its the sad truth now. Just like here in our country, the Government are slowly lifting up the enhanced community quarantine to General community quarantine on selected places, where people can start going out but with a mask of course. And some businesses and transportation were operating as long as they follow social distancing.
It made me sad to realized that when covid19 started to enter here in our country, with only just 1, 2, 3, 4 and 5 cases of infected or positive individuals, we are forced to just stay home to stop the virus from spreading, and implemented hard lockdown for over 4months. And now, that the cases arises and reach 36, 438 infected individuals as of today...they are slowly lifting the quarantine, and many people can be seen anywhere, not following social distancing anymore. I understand that our Government cannot provide everything for all the people because of its limited resources, and to revive the losses and the dying economy, they are now giving permission to some businesses and industries to operate, and the people became more at risk. Saving the economy is necessary but the lives of many people are the most important.
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June 30, 2020, 10:44:55 AM
 #79

Life or economy will have to make a well-thought-out decision If people live, the economy will survive When the economy collapses again, it is a big disaster for the people So there is no direct answer here We have to make a decision considering the maximum benefit And people are at the center of the decision The decision has to be made for the people, to survive.
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June 30, 2020, 05:56:05 PM
 #80

People think that governments choose between economy and health of citizens but in fact it isn't so.
By responsible behaviour of everyone both options are possible.
Lockdown can't last forever, that would mean the end of our societies and we have to continue with our lives and that includes economy, production, social activities. If we obey recommendations and rules made by epidemiologists all activities can continue and we can still protect our health. Besides constant fear and panic from virus don't lead anywhere, thus you could spend your life in fear from any other diseas and where would that lead you.
This is why it is important to try to make people aware that the end of the lockdown period does not mean the end of the precautions necessary to protect ourselves from the virus, many people are acting as if everything is over and this is dangerous, if most people act like that then it is almost inevitable that a second wave of the pandemic will come in full force during the winter, this will make the transmission even easier under those weather conditions and could force another lockdown which will be even more deadly for the economy.

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