Hacker News Reader

Comment by jokoon | Hacker News Reader

I never talked about a blank check.

> We may suffer much greater loss

I don't think the economy is that much of a risk, when you consider the heath risk. As long as there's food, water and electricity, I don't see how the economy is a problem. If restaurants are closed, it's not such a big issue. I don't think there are problems of food security in modern, developed countries. And if there are, it means it was already being fragile in the first place.

View on HN

I'm already contemplating the point of life and the company scaling down our jobs is also not helping. The economy is a huge problem. And the lockdown is literally killing me mentally.

I'd rather take a 1% chance of dying from the virus than a 25% chance of killing myself if this lasts a few months more. And I'm only 1 month in now.

How is the economy a huge problem? As long as there is water, shelter and food, you probably will be fine? I think it is a good thing it gets scaled back, that globalism is taking a good hit, that people are focusing on their own communities again. The idea that economy always has to grow was a silly idea to begin with. I learned in this crisis, I don't need to buy shit I don't need and also never will again.

I am living in Northern Europe btw, so perhaps my perspective is a bit different.

A lot of issues come with recessions. Hospitals get underfunded. Poverty generates problems such as addiction, health issues, depression. Crime raises. And so on...

Those are caused by inequality

The economy or money are not always relevant

Indeed the more socialist systems (look at northern europe) are way more resilient to economic downturns.

However a country absolutely needs to stay afloat in foreign trade, or secure domestic production of essential goods.

Reply on news.ycombinator.com