That's fine, but this is the wrong way to think about it in the short run.
>>>> You can over time reorganize our economy along many different lines but you can't do it quickly, and often not even organically.
There are much deeper, more systematic issues you'd have to get at in trying to address such things, particularly with respect to property ownership, etc - and these are hugely existential questions.
You're going to be telling 100 of millions they're going to lose on all that they've worked on for their entire lives etc.
Like changing the rules mid-game.
>>>>> This is not an academic discussion - the world is burning down.
Every piece of the economy is interconnected. Large downturns in some areas radically affect others.
The economy is a dynamic equilibrium that only has so much capacity for shifting around.
'Tourism' is a huge part of the economy (a few points) and if that goes, then you see the cost of social services go up dramatically, unemployment, consumption goes down.
It's not just the 'resorts and hotels' it's all the subsidiary businesses. They all go down.
Airlines generally operate on thinner margins - if tourism goes, then airlines go down for sure. There is no alternative but government takeover / Chapter 11 / restructure - or total collapse of airlines. Sales drop for aircraft, Boeing lays off and cancels new plans. That's restaurants, hotels, construction, real estate, manufacturing, massive supply chain - all down.
And that's just the tip of the iceberg.
Central Banks around the world are printing money like it doesn't matter, balance sheets are exploding to the point wherein normal conditions we would have nations declare bankruptcy.
It's clear that people generally have no idea what's happening in our systems. This is not 'a recession' ... we're facing 'total implosion' unless we act responsibly.