Originally Posted by Richard Davis
I'll ask you a serious question. My guess is that you'll avoid it completely. If you are willing to shut an economy down because this virus MIGHT kill thousands of people, provide a good reason that we don't shut the economies of the world down each and every year because of the flu.
I'll check back for your answer.
I never avoid legitimate questions, even from you. But first a side point; the economy is not shut down completely, but portions of it are. You are still making cabinets, but your favorite restaurant is closed. This is an incredible burden on restaurant owners and staff, along with the many similarly situated businesses. I get that. We are an adaptable nation though. Some of those who are out of work will shift to different positions in different fields for example. My wife and I are supporting our favorite restaurants with take-out orders. On a national scale this all helps. So will the massive and hopefully short-term increase in unemployment payments, small business aid, bail-outs and so on. We, as a nation will overcome the hardship.
Now, on to your question. The flu is a known quantity. It will kill between 40-80k in a given year, mostly those who are old and infirm.
The seasonal flu will never overwhelm the health care system. Covid-19
might overwhelm the health care system, kill hundreds of thousands, cause thousands of collateral deaths and disrupt the economy over a very long term. Many experts think so. India did not just lock their country of 1.5B people down just to take a dig at Donald Trump. So, we do not shut portions of the economy down for the seasonal flu because this is a known, quantifiable and most importantly
manageable event. We did shut portions of the economy down for Covid-19 because it is an unknown and extremely serious risk, and the best medical science predicts that the cost of doing nothing in lives and disruption could greatly exceed the cost of temporarily shutting down portions of the economy. There is no way to manage this pandemic without a
significant civic response.
Jim