I live in a country going through the second week of Shutdown. This is simply stupid and irresponsible. Unlike China which had a limited regional shutdown and where the government controlled lots of everyday life; most of the other countries are running with the private sector.
A 3-4 months shutdown is going to bankrupt pretty much everyone. Those who were running thin but also those who were saving a bit. Unless you have a 1 year expenses upfront and probably own your house in your name, you are going bankrupt and will be relying on the government for help.
Next we are going to see massive disruption for pretty much everything and every consumer good. This is a good opportunity for government intervention and for government (or Big Co) to own pretty much everything.
The virus might kill 100k in the US (or millions) let's just assume that cost and prepare for a future outbreak.
A 3-4 months shutdown is going to bankrupt pretty much everyone. Those who were running thin but also those who were saving a bit. Unless you have a 1 year expenses upfront and probably own your house in your name, you are going bankrupt and will be relying on the government for help.
Next we are going to see massive disruption for pretty much everything and every consumer good. This is a good opportunity for government intervention and for government (or Big Co) to own pretty much everything.
The virus might kill 100k in the US (or millions) let's just assume that cost and prepare for a future outbreak.