Two Elephants named COVID

[eppie]

There is a lot of bad stuf happening.....and wait what will come when we hit recession....this is going to be worse than the previous one.

Indeed. Word has it in the US, social distancing is here to stay through the end of the year and up to sometime mid-2022 once 'stay-at-home' is lifted. This will impact just about everything not automated or done strictly online. Many stores will shutter from this. Either people will have to invent new directions/trends for the market to create new jobs (I see an explosion of online stores and working from home), or we will get hit hard by recession.

What's scary is looking at the current numbers for unemployment and housing prices, we're already pretty much at Depression levels minus the years of recession, at least here in the US. Will be a challenging climb.

Anyway, getting back to the social distancing, if we've learned anything from China about this, they are currently experiencing a second wave of resurgence with COVID. This means with absolute certainty Social Distancing is here to stay for a very, very long time until a vaccine is developed . Which of course (bringing it round another circle) means less employed, longer recession, etc.

Well....that is what you want to obtain.
Sweden doesn't have a lockdown and their mortality rates are not higher than most other european countries.
Also you have to decide what is important? A number of deaths of mainly elderly people with underlying diseases OR a lost generation of kids who don't get the right the schooling, people in (mental)institutions who don't get the help they need and don't understand this, an economic crisis which will cause an enormous amount of suffering and deaths (suicide, poverty etc.) etc etc,
"'we'' have chosen to make sure we limit the amount of deaths now which sounds like an incredible social thing to do but the biggest victims of the economic crisis will be the people at the lower end of society.
I hope we stop this lockdown and start thinking about another solution.

Of course another thing to remember is that a lot of the economic disaster is caused by the up till today ever increasing hypercapitalistic society we have created.

This might be most clear in the US with the failing medical infrastructure and individualistic politics. But e.g. in europe we have the issues of who needs to pay for what, who helps which country how..... with lurking around the corner the fall of the EU project.