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posted by martyb on Thursday July 30 2020, @09:49AM   Printer-friendly
from the lockdowns-were-supposed-to-be-just-one-part-of-defense-at-depth dept.

Economists warn of 'widespread costs' from lockdown:

Blanket restrictions on economic activity should be lifted and replaced with measures targeted specifically at groups most at risk, say economists.

[...] They argue that while the extent to which the lockdown contributed to a subsequent slowing in the rate of new infections and deaths is not easy to estimate precisely, it seems clear that it did contribute to these public health objectives.

However, they say it is "very far from clear" whether keeping such tight restrictions in place for three months until the end of June when they began to be lifted was warranted, given the large costs. They say that the costs of carrying on with such a lockdown are likely to have become significantly greater than its benefits.

Debate over the global dilemma continues.


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  • (Score: 1, Insightful) by Anonymous Coward on Thursday July 30 2020, @03:54PM (3 children)

    by Anonymous Coward on Thursday July 30 2020, @03:54PM (#1028718)

    Your problem is that you have drank the coolaid the rich parasites have been pushing.

    The massive tax cuts for the rich cost more than short-term nationalizing payroll, but I don't remember you posting about being upset about fiscal irresponsibility when the tax giveaways were announced. And, short-term nationalizing payroll would have prevented the economic hit.

    A small fraction of the relief money went to keeping folks fed and housed. Our corrupt far-right government used most of it as another giveaway to the rich. If we could get rid of the fascists currently controlling government, we could pay the wages of all who are not at work for less than the corrupt Republican giveaways to the rich just since Trump was elected. If we go back to the corrupt far-right Republican and corrupt center-right to right Democrat giveaways to the rich since Reagan, we could pay for everyone who is of working age to retire today. We could also start dismantling the police / surveillance state the far-right with their allies on the right has been building (also at a huge cost human/economic). And, stop the illegal wars of aggression that have murdered millions, and end the gulag at home also both creations of the far-right and right that have huge costs in both economic terms and human rights.

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  • (Score: 2) by The Mighty Buzzard on Thursday July 30 2020, @03:56PM (2 children)

    Nope. When you engineer a medium term economic disaster, no short term solutions will be anything more than a bandaid.

    --
    My rights don't end where your fear begins.
    • (Score: 0) by Anonymous Coward on Thursday July 30 2020, @04:55PM (1 child)

      by Anonymous Coward on Thursday July 30 2020, @04:55PM (#1028778)

      Oh, is it 2008 again? Or do you mean that the short-term band-aids of 2008 are finally coming off?