If the virus was an evil genius with a sophisticated PR system, it would be manipulating you to: 1) act partisan 2) blame other countries 3) argue about what to call it 4) worry more about 'the economy' than human lives So many people doing what a witless bug would want.
-
“The economy“ is its own life, made of our lives. Its discontinuities are measured in human suffering, and people shit on others for worrying about it for the same reason apes naturally bias proximate. Yet such instincts don’t serve us as well as we might hope in today’s world.
Yes. The economy matters hugely, insofar as it affects real human lives. But we tend to treat the abstract metrics that track it as goals in their own right. That's what I'm arguing against. Don't anthropomorphize the S&P 500.
-
-
I certainly agree with the notion that these measurements poorly reflect the actual metabolic reality. But I worry about treating it as machine that can be turned on and off predictably, rather than a radical suspended animation trial.
-
Or perhaps we think it’s a kind of medically induced coma, which is more apt, but still seems to understate the risk of severely disrupting processes whose people parts may not easily come back online in a stable manner.
End of conversation
New conversation -
-
-
GDP, stock market, employment... there's an infinite number of measures we can be distracted by, to avoid the simple conclusion that the purpose of an economy is to benefit its consumers.https://www.youtube.com/watch?v=29m8wxRM7jQ …
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.