Do we really believe the “dire” warnings about “the economy”? Also, should we?

[Dave2002]

OK - if we believe in “systems” there is going to be disruption due to Covid-19, but given our state of knowledge I just don’t believe that things will be worse than 300 years ago, or even 100 years ago. Thus I tend to discount the recent reports which seem to value the “state of the economy” over other aspects of our lives.

Even if things shrink by as much as 80% my belief is that there is sufficient retained knowledge and expertise to keep the most important things running, and to reinstate things and systems we really value.

We might also find that our views on what we really value change too.

Of course I could be wrong ....

[MrGongGong]

It's a great opportunity (which won't be taken)
To stop having a country in thrall to the rich gamblers on futures and other spurious nonsense "markets".

But, those in charge will look after their own i'm afraid.

It's a great opportunity to REALLY rebalance things in favour of people and the planet

But that won't happen either

[teamsaint]

Unfortunately, the press have cherrypicked the most frightening stats from various reports.
The BoE scenario presented this week was actually a lot more optimistic for the next two years than I expected, not, of course, that things will necessarily work out that way.

If I had to predict, I suspect that they were over optimistic, and that we might see something like the economic performance of Japan over the last 10 years. Like Essex, very flat.

[cloughie]

But then maybe staying alive is more important at the moment, the economy may just have to wait a little longer to recover.

[eighthobstruction]

But then maybe staying alive is more important at the moment, the economy may just have to wait a little longer to recover.

....youth will be hit yet again....unlucky or what...??....

[MrGongGong]

But then maybe staying alive is more important at the moment, the economy may just have to wait a little longer to recover.

Known as the "Gibb" option ?

[oddoneout]

Known as the "Gibb" option ?

BG definitely an improvement on BJ.

[MrGongGong]

BG definitely an improvement on BJ.

[cloughie]

....youth will be hit yet again....unlucky or what...??....

Their time will come!

[oddoneout]

Project Fear version CV19. Get the workers so frightened of economic collapse and no jobs that they'll go back to work despite lack of suitable preparations and protections?

[LMcD]

Project Fear version CV19. Get the workers so frightened of economic collapse and no jobs that they'll go back to work despite lack of suitable preparations and protections?

Might their commonsense and sense of what one might call family responsibility not help them conquer their fear and convince them to stay at home rather than run the risk of returning home and possibly infecting their loved ones? Then there's the question of what proportion of a company's employees will actually be needed in which areas of its operations. As for those employees who live in one part of the UK but work in another ....

[Count Boso]

....youth will be hit yet again....unlucky or what...??....

I was reading an article about the lopsided effects of the pandemic -

The brunt of the disease is on men and the elderly

The economic (and soclal!) brunt is on women and the young

[MrGongGong]

Their time will come!

let's hope so

There will hopefully come a time when a very angry 20 year-old finally confronts Mr Johnson and gives him what he deserves for the cruelty he has inflicted.

[Serial_Apologist]

let's hope so

There will hopefully come a time when a very angry 20 year-old finally confronts Mr Johnson and gives him what he deserves for the cruelty he has inflicted.

"Mr Johnson" may look my age (74), but I only hope either that when "ther time" comes (whatever that means) the net won't fall too indiscriminately, or that I'm out of the way by then. After all, a few of us loyally keep faith with the Spirit of '68, even though at times we've also kept our heads down.