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"The economy" isn't en end to itself. It's an abstract concept for production to meet needs. If we all chill at home, our needs are reduced, so it's fine for everyone if "the economy" tanks. Well, not everyone, people who extract billions from workers' production will be pissed.
The fact that capitalism is seemingly incapable of pausing for a couple months without collapsing in on itself due to a tangled web of complex game theory problems is an indictment of capitalism, not the idea of pausing production for a couple months.
Anything that makes billionaires angry is good for me.
"Since we are at home, our needs are reduced". So do you suggest that we would stay that way forever, and not to get back to our lives?? And it's not "fine". The economy will not stabilize after this contraction. It will tank into a dangerous deflactionary cicle.
Good. The infinity consumption machine is killing the planet. It has to end somewhere.
@BadEconTakes got a live one for you
Capitalist priest! We have a heretic!
The economy is just a manmade set of rules. It makes no sense to say we can't choose to alter them in a crisis. If you want the germ of a creative way to approach this, see Tom Clancy's novel, Debt of Honor.
Can we just all stay at home and wait for that sweet juicy UBI ?
I used to think UBI was a great idea, but then someone pointed out that it is basically taxpayers subsidizing capitalists obligation to a fair wage
Are you sure it’s not a god of suffering that demands the blood of thousands? I’ve heard some conflicting reports... /s
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