
Originally Posted by
steelreserve
I think it is a good time to revisit this, given the rapid pace of events. In less than two weeks, we've managed the following:
- Destroyed the entire world's economy
- Nationwide full wartime lockdown
- Panic with hoarding and empty store shelves
- Hundreds of millions likely bankrupt and unemployed in short order, if not already
- Conditions ripe for looting to begin and National Guard called out
- Within shouting distance, if not handshake distance, of authoritarian dystopia
- Italy appears to have established itself as an extreme outlier
- Massive death tolls simply not materializing
So, the $50 trillion question: Is it worth it?
Given the first half-dozen items on the list, and the bolded ones in particular, the answer appears to be, unequivocally - no, it isn't worth it.
"Wait - but the virus would get worse if you didn't do this!"
Yes, the virus would almost certainly get worse without these measures. But the fact is, there is a good reason why these measures are unprecedented. That reason is that they are so destructive, in and of themselves, that only in a truly apocalyptic scenario - i.e., the Black Death - is the cure not worse than the disease.
Let's say that if you didn't take these measures, a million people would die. Do you still do them? Absolutely not. See again the bolded part on the list. Thrusting hundreds of millions, if not billions, into real hardship and danger is far worse. It's very important to understand that this is not me bitching about not being able to watch March Madness and go out and eat at my favorite burger joint. That is not a huge deal, and I will be just fine. What everyone should be far, far more concerned about is what happens in a couple weeks, when the 50% of people who live paycheck to paycheck run out of money because everything is shut down with no end in sight, and the government handout wasn't enough. What happens then? Desperate people do desperate things. Millions of people broke and hungry; millions of businesses standing empty and closed down. Hmm, what's going to happen next?
Which brings us to the real question - how long CAN this last? Unless the government is going to pay everyone's salary for 3 months or 6 months (spoiler: they can't), all this talk about an extended lockdown strikes me as incredibly naive, because it is going to collapse on itself. You are going to start having REAL problems, like people getting angry over food, clothing, and shelter, that go way beyond Facebook memes about how we'll ever survive with GameStop closed. I think a lot of people just don't understand that. It's not REAL to them.
What happens when that comes to a head? "You want me to carry on as-is, voluntarily go bankrupt and hungry - well, where are all these millions of dead bodies you told me about?" Well, guess how likely they will be to agree to that, so you have two choices. Either you force them to with jackboot martial law, or you back off the total lockdown and tell people to take reasonable precautions. People can't live like this for long - again, no, I don't mean staying at home instead of going out, I mean living with no income. That is the fork in the road coming up in a month, maybe two months tops.
Does this mean the initial response should have been, "Everyone just go your merry way and party like you don't give a shit at all?" Of course not, you total idiot. It definitely should not have been this, though. There are intermediate steps, such as, "Hmm, we know this disproportionately affects certain groups of people, and it is easy to identify who that is, so perhaps doing things like telling elderly and at-risk people to stay away from large groups, and people who are around elderly and at-risk people to do the same, would at least avoid the worst of it."
I cannot, for the life of me, figure out why it was decided that this was it, this was the one where the entire world was going all-in to stop this, consequences be damned, and don't you dare even bring up the costs of collateral damage or you are a selfish dickhead. If, for example, I could provide a way to eliminate 90% of all deaths from traffic accidents, but the cost was $250 million each, and no one could drive except midnight to 5 a.m. ... well, you'd probably go thanks but no thanks, there are just some unpleasant but unavoidable downsides to things that we have to do in order to have a functional society. Why is this so different? Why is no one asking these questions? Well, it won't be long before they are, because people stop being considerate when their lives or their livelihoods are at stake.