Your overly long analysis simply ignores the fact that economies are part of the natural ecology of the Earth. The financial economy is really a function of the energy economy, regardless of how much wishful thinking goes into portraying the system as otherwise. And the idea that the economy is not complicated is absurd. — Janus
Do any human beings actually support this principle? — Metaphysician Undercover
Aboard Air Force One, Trump Was Shaken Into Action on Virus
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As Air Force One sped toward Washington on Monday, the historic impact of the coronavirus outbreak became inescapable for President Donald Trump.
Televisions on his plane were tuned to Fox News, which broadcast dire graphics illustrating the single worst day for stock markets since the 2008 financial crisis. Matt Gaetz, a Florida GOP congressman who had accompanied Trump to a series of fundraising events in Orlando, had isolated himself in an empty cabin on the jet after learning he’d had contact with someone infected by the virus at a political conference. — Bloomberg news
I can't speak for Boethius, but if there is a collapse of civilisation, there could be some quite adverse effects in the short term, like mass fires, nuclear explosions, wreckless destruction of ecosystems. — Punshhh
I will remind you in exactly 3 weeks about this topic and whether you still think the economic disruption, however you want to think of the economy, and more importantly the loss of life, that will be far, far from over, was at the same level of cost or risk as the economic disruption of stopping the planes when the window of opportunity to keep the growth rate of the pandemic -- or even stop if from being a pandemic in the first place -- was still open. — boethius
I can't speak for Boethius, but if there is a collapse of civilisation, there could be some quite adverse effects in the short term, like mass fires, nuclear explosions, wreckless destruction of ecosystems.
— Punshhh
Sure there could be such adverse effects, but they are not necessary concomitants of civilizational collapse. The one worry would be decommissioning of nuclear facilities. — Janus
I'm saying the effects of stopping all international flights would likely have incalculable short, medium and long term effects on economies, and that humanity may just not have the economic and, more importantly energy, resources to recover civilization from a catastrophic collapse. I'm not saying that would necessarily be the case, but that neither you nor I have any way of knowing whether it would be the case or even how likely such an outcome would be. — Janus
Well surely if "international travel" includes "international trade" then I think those "crazy affects" are almost certain...eventually (you are right that temporary measures may not have a huge impact, but if temporary is 1 year or more, it seems that more than 3% of the worlds population would die as a result (about 34 countries are dependent on food imports, for example). — ZhouBoTong
"It is not the virus itself, but rather the fear and panic related to the virus and the associated altered economic behaviour that could be a damaging tipping point, forcing the global economy onto a darker path," said Katrina Ell, a senior economist at Moody's Analytics. — BBC
The thing is once the virus gets into many countries, the only way to eradicate if that is at all possible will be to cease all air travel, because otherwise closed communities where it is eradicated will be re-infected. — Janus
Please explain how you reduce the population by 80 to 90 percent without the destruction of the environment as either the mechanism of population reduction or an immediate consequence. People are just gonna get a letter in the post and walk into the sea? — boethius
No where is it implied that air travel means all international trade. — boethius
Governments actively pursue GDP-growth at the expense of general well being (pollution, living space). — Benkei
Please explain how you reduce the population by 80 to 90 percent without the destruction of the environment as either the mechanism of population reduction or an immediate consequence. People are just gonna get a letter in the post and walk into the sea? — boethius
Which is why the corona virus pandemic is almost as bad as an actual bio-weapon being released:sure it doesn't outright kill a higher percentage of people such as the viruses in movies or Steven King's book "The Stand", but having almost all the potential problems of any deadly highly infectious disease makes it what we in the philosophy business like to call a "non- trivial issue" when it comes to getting rid of it.What's that "behavior" terrible for the economy? People not wanting themselves or their loved one's to die for a preventable reason.
If people had just "taken it", carried on as usual and not bothered about shaving a few points off the demographics, things would be merrily steaming along.
Why the neoliberal intellectuals are so shocked is that governments actually have to act in the interests of the public over the stock market in this instance. It is too quick and traumatic experience to not react once that becomes clear. Which is why Western governments, each in turn, wait until the emergency status is reached before reacting; what's happening just doesn't compute in neoliberal land. People should just rollover and die for the sake of the stock market, why aren't they just sucking it up and dying! — boethius
The unimagined existential threats may be unlimited but the imagined existential threats are not quite so unlimited. During the time of the cold war and before the term "weapons of mass destruction" was coined the military had something they liked to called NBC warfare with the NBC referring to nuclear, biological, and chemical weapons. Since biological weapons can be quite different from each other (and sometimes difficult to detect and identify when deployed) there is no one size fits all plan to deal with them if and when used. However if it was all but a given that one was used then it is highly likely that the military would setup quarantine zones to contain people if it was believed if what they were exposed to was dangerous and highly infectious.I agree on the stupidity of the "war on terrorism", but likewise I would like to know what exactly the govt should have done to "prepare for a situation like this". And do you want the govt to "prepare" for any imaginable situation? You realize that that list would be unlimited, don´t you? — Nobeernolife
I think I more or less agree. If you get a chance (ie. don't die from the corona virus in the near future), I recommend reading a book called "Economix: How and Why Our Economy Works (and Doesn't Work)" by Michael Goodwin. It explains certain thing that are not taught in economics class such as why and how companies charge as much as the can for a product and how large corporations can be as or more detrimental than large governments.But this is to make corporate profit into the public good, it is not to prioritize it "over" the public good. See the difference? One says corporate profit is more important than the public good, while the other says corporate profit is the public good. But even the latter is just an illusion anyway because the profit is not shared equally by the public. — Metaphysician Undercover
You have it backwards: corporate profits are dependent on human beings and human good. This a given since human beings/human good have existed for hundreds of years before anyone invented the notion of corporations and corporations are dependent on the work of human beings (or at least the work of sentient beings) in order for them to exist.Unfortunately because of the nature of share markets a large part of the common human good, in simply economic and lifestyle (including healthcare) terms at least, has become dependent upon corporate profits. — Janus
I think the unpredictable effects would be due to the degree of chaos and the efforts of vigilante groups to survive. So a large degree of chaos might make any attempts to contain or decommission nuclear facilities impossible. Also vigilante groups could ravage our remaining ecosystems for short term gains, or survival.Sure there could be such adverse effects, but they are not necessary concomitants of civilizational collapse. The one worry would be decommissioning of nuclear facilities.
corporations are dependent on the work of human beings
The only issue is that countries that wait too long to use such measures don't benefit if there are already too many people exposed. While I'm not saying that a unmodified military plan would be best when dealing with the corona virus, I'm also not saying that a modified military plan wouldn't be better then what countries like the US are already doing. — dclements
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