Quote:
Originally Posted by 6793026
I'm just blown away Canada and US are putting a lot of money behind this.
I've never seen TRILLION dollar ever in any news since the 80s, so i consider myself lucky,
FUCK, look at H1N1, SARS, HK / Asia didn't implement any rent / subsides / unemployment insurance... fuck that shit. I had friends who are extremely wealthy who are trying to find loop holes to get these EI benefits.. Bit*ch pleaseeeee.. you're complaining about not tax free, not interest free on mortgage deferral on your 5 investment properties..... F U....
BTW Nando's chicken is offering free chicken to front line workers...
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The problem is that this time is different... unfortunately in a bad way.
During a crisis like 08 (financial) or 01 (dotcom), the problem was a single sector that rippled out affecting others. It was a relatively easier fix. You single out the problem, stabilize it, and the water eventually turns calm again.
This virus is affecting pretty much EVERY sector AND EVERY country at once. How do you stop something when it's not about a ripple... but tsunami coming from all directions hitting in all 7 seas?
In my honest opinion... the first priority is a vaccine (to prevent more people getting infected) and second, a treatment option (a cure so to speak).
Beyond that, for people who are still healthy, 2 things: making sure that they can be decently protected. This is the part where I feel Taiwan is doing great. They have system in place where you can easily find masks and everything you need to protect yourself. And they sanitize everywhere. This is the reason why they can keep school/stores open.
Next is testing, this is a la South Korea model where they just test pretty much everyone so they can stop any asymptomatic patients to be roaming freely.
Both options lead to a single purpose: to separate the infected vs. the uninfected. When you take all the infected out of the population and make sure the healthy people can't get infected easily, you slow the spread down to the minimum.
Nevertheless, without a definite solution to the problem (either a vaccine or a highly effective treatment), there is only one very difficult solution to this sadly. It doesn't matter whether you take Korea or Taiwan model, or a combination of the 2, it takes 1 careless person to spread everything out again. Thus, the solution is to see what kind of losses are we, as a society willing to take. Many countries, at least in the health system are already doing this. Many of them wouldn't provide all the resources to a patient once they pass a certain age.
In an economical term... I wish our politicians have the cojones to come out and say it out loud because it doesn't matter whether it's the 2trillion package US has or the blank cheque liberal asked in the original proposal. It's NOT going to matter. They aren't enough. Instead, we should focus on certain "essential" businesses that will be absolutely necessary for our economy to get back on its feet and let the other industry flow as is. If they make it, great, if not... too bad. But we shouldn't be putting out measures trying to save everything.