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Topic: Economy over health - page 2. (Read 383 times)

legendary
Activity: 2282
Merit: 3014
August 26, 2020, 11:49:23 AM
#29
I think we are at the point that we can't afford to shut down much longer, or have any sort of "full on" shut downs.  I'm from the United States and the initial shut down was detrimental for our economy which of course trickles out in to other avenues, making millions homeless, jobless etc.  I'm all for practicing safe measures, I wear a mask wherever I go, I practice social distancing but I also go to my gym thats not open, I think we need to continue on with normal life as best as possible.  There's a fine line between which to lean but I think leaning in the middle makes the most sense in the end. Just my 2 satoshis.
sr. member
Activity: 1666
Merit: 268
August 26, 2020, 11:26:52 AM
#28
It is wrong to prioritize the economy over health. So what Costa Rica is doing in my opinion is too risky, moreover let tourist
from America arrive. As we all know the spread of COVID-19 in America is still the highest until now. There are still many ways
to improve the economy, not necessarily by allowing tourists from various countries to come to Costa Rica.
legendary
Activity: 2282
Merit: 1041
August 26, 2020, 11:08:00 AM
#27

Every government had reacted differently to the same dilemma they experience. Costa Rica chose to revive their tourism for they see they could benefit from it after all even with this COVID19 there are still people roaming around.

Why should they chose just one when they can choose both reviving the economy and at the same time have a strict mandate to prevent the spread of COVID.

full member
Activity: 1162
Merit: 168
August 26, 2020, 10:07:29 AM
#26
Same thing in my country, the government is opening up some sectors of the economy, everything is opening up slowly.

When the lockdown started at first because of the Coronavirus the government said they were going to support the people, but they were not able to do that, and people started complaining that if the lockdown should carry on they are going to die of hunger, some of them even started sneaking out from their houses lol.

The government had no other choice than to stop the lockdown and allow people to start going out again. And of course the economy was affected due to the lockdown, but things seems to be going back to normal.
legendary
Activity: 2562
Merit: 1441
August 26, 2020, 09:35:51 AM
#25
Everyone emphasizes casualties inflicted by corona virus.

The neglected inverse angle could be one where we attempt to estimate the number of casualties inflicted by economic shutdown. Then compare the two statistics to guessestimate whether quarantine is saving lives or having an overall opposite effect.

It is known that economic crisis (and perhaps economic shutdown) greatly increases statistics relating to suicide, violence, crime, drug overdoses and other negatives. There were news stories published months ago claiming more were dying from suicide associated with lockdown, than were dying from the actual virus.

Quote
Suicide leading cause for over 300 lockdown deaths in India, says study

NEW DELHI: Suicide was the leading cause for over 300 “non-coronavirus deaths” reported in India due to distress triggered by the nationwide lockdown, revealed a new set of data compiled by a group of researchers.

https://economictimes.indiatimes.com/news/politics-and-nation/suicide-leading-cause-for-over-300-lockdown-deaths-in-india-says-study/articleshow/75519279.cms
member
Activity: 868
Merit: 15
August 26, 2020, 09:14:11 AM
#24
The economy will have a very bad effect on health because many people have become unemployed due to the disruption of the economy and that is hurting them emotionally. In this case, they are losing their mental balance which is affecting their health. Industrial enterprises have suffered because labour wages depend on marginal productivity which is regulated by good health. But the existing public health system does not reach the door of the poor. Growth enthusiasts are frustrated that the growth rate may be much lower this time around.
hero member
Activity: 1722
Merit: 528
August 26, 2020, 08:21:44 AM
#23
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 i dont also believed that governments are gonna get poor if they continue lockdowns but i think they have a good wealth reserve for this kind of situation  . this is better than they spend money on others 

I think that is obvious that they will be having a hard time supporting the country with long lockdowns.

As people are restricted to go to their jobs, just imagine lower taxes going in the government, that means they will be having a limited money to use. They will be having a hard time making projects because they will be focussed on supporting these people that are stucked in their houses. That would really empty the taxes bag..
full member
Activity: 1484
Merit: 136
★Bitvest.io★ Play Plinko or Invest!
August 26, 2020, 06:25:45 AM
#22
There are a lot of places and the country today are having trouble with their economy because they are suffering from this pandemic outbreak and one of the best things we should do is to open some business or the whole economy even there is a virus spreading.

Some people don't want too because they are afraid it looks like they are sacrificing their lives just to earn money instead of keeping safe but we cannot deny some people don't have enough money so they risk their lives on it.

It looks like you will choose either you will suffer from hunger because of COVID or risk your life to go to your job.
hero member
Activity: 1330
Merit: 569
August 26, 2020, 05:41:57 AM
#21
The economy was shut earlier this year to accommodate efforts in tracing cases of corona virus and to stop the rapid spread, but from the news I'm about to share, I do not think any sort of wave or spread of the virus can shut down the economy again. Costa Rica as a country is a tourist attraction to people from different parts of the world, but majorly from the U.S., and that's to say the U.S. dollars plays a very important role in the Costa Rican economy.
Quote
More Americans travel to Costa Rica than any other nationality. In 2019, over 40% of all tourists to the country were from the United States.
Despite the United States of America having more than five million confirmed Corona virus cases, Costa Rica is opening it's borders to American tourists and to make things sound good, only Americans from six states:
Quote
Residents of New York, New Jersey, Connecticut, New Hampshire, Maine and Vermont will be able to fly into Costa Rica from Sept. 1.
Mind you this five states combined have had a total of about 694,765 confirmed cases of covid-19, which is about 20 times higher than the number of cases in Costa Rica. So it's obvious this is a move made to stimulate the Costa Rican economy, and can be said to be at the expense of health. This is very risky from the Costa Rican government and it'll cause huge backlash if it leads to a wide spread of covid-19 in their territory, as of course they will put the blame on this decision.

Another thing to note is how important a role they (Costa Rica) are playing in trying to revive their economy, do you think other nations will also follow suit and take risky measures like this one to generate funds needed for the fast recovery of the economy. Some people, in my country for example have been calling for fresh total lockdowns to be imposed as the only option to defeat the virus completely, I don't think any government can take that step again, what do you think?
Read the full news, it's a good read: https://www.cnbc.com/2020/08/25/costa-rica-is-allowing-american-tourists-from-six-us-states.html


Its really a dilemma for most countries because a lot of countries cannot afford to be on shutdown for a long time because of their own economy. The issue is that if the country didn't open up, hunger would kill alot of people even more than the corona virus impact couple with the civil unrest, the looting, challenges with security among any other social vices that could come along the continuous lock down of the economy. So, its not that country leaders care more about the health of their own selfish needs but because when they are faced with two impossible situations, they went with the easier one while they manager the other.
full member
Activity: 1638
Merit: 122
August 26, 2020, 05:03:02 AM
#20
Health should comes first before anything else hence it's the best way to stop and deal with pandemic so that the spread will be minimized, implementing safety protocols to all citizens would be a wise decisions. The economy can recover no matter what happens and the solutions of this is to wait for the vaccine to come out and should be available later this year and then economy can rise back again without endangering the health of the citizens.

Health should really come first, but that also leads to a problem.

If they will be making the lockdowns longer, that means they should be able to take care of the people that can't go to their jobs. They would focus their finance in health and without money coming in, that would be bad. I am not against this decision as long as they are strictly implementing the protocols to be followed.

they dont totally stop people from working but only few are removed but now that the situation is more better than compare to when the start of the covid , they are slowly recruiting people again or hire people that that is destined to take a rest before .

 i dont also believed that governments are gonna get poor if they continue lockdowns but i think they have a good wealth reserve for this kind of situation  . this is better than they spend money on others 
hero member
Activity: 1722
Merit: 528
August 26, 2020, 04:34:22 AM
#19
Health should comes first before anything else hence it's the best way to stop and deal with pandemic so that the spread will be minimized, implementing safety protocols to all citizens would be a wise decisions. The economy can recover no matter what happens and the solutions of this is to wait for the vaccine to come out and should be available later this year and then economy can rise back again without endangering the health of the citizens.

Health should really come first, but that also leads to a problem.

If they will be making the lockdowns longer, that means they should be able to take care of the people that can't go to their jobs. They would focus their finance in health and without money coming in, that would be bad. I am not against this decision as long as they are strictly implementing the protocols to be followed.
legendary
Activity: 1904
Merit: 1277
August 26, 2020, 03:06:38 AM
#18
Costa Rica or indeed any country opening for international tourists is obviously a risk, but as the thread title indicates, this isn't just tourism, it is the balance that governments are striking between the economy and the health of its population. But this is what it has been about everywhere, from the beginning. We saw most countries implement lockdowns far too late, because they valued the economy over health... a stupid gamble, repeated around the world, as a swift lockdown/quarantining of people coming into the country would have meant small initial economic damage, but then no nationwide lockdown. The economic hit would have been much smaller if governments had been willing to take that small amount of damage. But they weren't, we saw over and over again that governments waited until it was too late, and then had to implement full lockdown across the country and suffered huge economic damage as a result. I think this exposes the incompetence of politicians. With a cycle of elections every few years, politicians have an entirely short-term view... and that's what hit them here. They waited until it was too late, because they didn't want to look further ahead and see what effects their inaction might have.

Some nations have learned the lessons better than others. As for whether opening for tourism is an acceptable risk... it depends largely on how it is managed. But given governments' recent records, I wouldn't be surprised to see a second wave of the pandemic.
copper member
Activity: 658
Merit: 402
August 26, 2020, 02:50:16 AM
#17
AFAIK, other countries are now allowing international flights while implementing restrictions. They can't really close international flights because it's one of the factors that's helping the economy. During the first few weeks/months of COVID, a lot of countries imposed restrictions on flights but they can't really do that for a long time.

It's a risk, but it's still okay as long as they are following protocols like if you travel from another country, you need to self-quarantine for 14 days before going out and that's what other countries are doing.
full member
Activity: 1232
Merit: 186
August 26, 2020, 12:49:25 AM
#16
do you think other nations will also follow suit and take risky measures like this one to generate funds needed for the fast recovery of the economy.
Whether our government will come that far due to desperation or not, it will surely make the situation even worse so I think it is not a good move. It is like having temporary relief with disastrous drawbacks Undecided. Thus, looking forward on our tourism should not be focused right now. I would agree if we are only talking about importing/exporting goods since you can assure that they are all clear once disinfected unlike to the risk could bring by a positive person (especially those asymptomatic). This will only add to the burden of our healthcare workers as contact tracing is difficult to execute.

Actually there's a simple logic there, we all know that corona virus is contagious so we must eliminate the possible carriers as much as possible. That's it. I know it is easy to say but hard to do. But we can't simply ignore science, finding an alternative solution for sustaining our economy is the best thing we can do.
full member
Activity: 532
Merit: 100
PrimeDAO - An Adoption Engine for Open Finance
August 26, 2020, 12:03:06 AM
#15
In fact, this strategy is the wisest strategy up to now. The corona virus is thought to be man-made and its purpose is to harm the economies of the country. If the virus is still alive and spreading, the economy will increasingly weaken, people are always in a state of fear and dare not spend. Instead of always letting that happen in the long term, we should put it out in the short term. Agree that the economy will suffer badly during the lockdown but if left to long then we will lose more.  Wink
hero member
Activity: 2702
Merit: 672
I don't request loans~
August 25, 2020, 11:55:05 PM
#14
Not a wise move. Governments are basically giving up on ways to actually achieve a balance where people's health is guaranteed while the economy is able to survive, even at the bare minimum. They tried some moves as shown in the past months that has happened, but nothing really effective was able to pop up, so they probably just gave up and are now opting to stimulate the economy instead of prioritizing health, since they can probably just make the excuse of it's the individuals responsibility whether he/she should risk their health in exchange for their desires.

The same situation could be said here in our country tbh, we went under a strict quarantine period but still a bit lax compared to the first quarantine period back in March for 14 days, but really, there wasn't any improvement in terms of how the infections went up, and now the President just decided to go back to the period where businesses open up again with his reasoning being to stimulate the Economy.
member
Activity: 2044
Merit: 16
August 25, 2020, 10:54:54 PM
#13
Health should comes first before anything else hence it's the best way to stop and deal with pandemic so that the spread will be minimized, implementing safety protocols to all citizens would be a wise decisions. The economy can recover no matter what happens and the solutions of this is to wait for the vaccine to come out and should be available later this year and then economy can rise back again without endangering the health of the citizens.
legendary
Activity: 2576
Merit: 1860
August 25, 2020, 10:29:56 PM
#12
This does not sound wise to me. Although there should be no such thing as economy over health or health over economy as there should be a balance, at times the other one is far more stretched than the other. And this case right here is one perfect example.

Is there no other way to intervene to the falling tourism industry of the country amidst the pandemic? Is this the only option left to help those who are at the worst end of this tourism crisis? Can the government not think of other not-so-risky ways to temporarily give livelihood to the victims of the falling industry? After all, this is not going to last forever.

I'm just hoping this is not another case of policy-makers up there making ungrounded decisions. This has always been a tendency with so many leaders; making plans, crafting and implementing policies, for the sake of the economy or whatnot without putting into consideration the real sentiments of the people.

The government better ask first the stakeholders themselves if they are agreeable to this risky reopening of tourist attractions to Americans. And if they do, they should put mechanisms that would protect their citizens from possible carriers of virus from foreign countries. Health and economy, after all, are of equal priority.
hero member
Activity: 2940
Merit: 715
August 25, 2020, 06:23:28 PM
#11
As per Wikipedia, Costa Rica's tourism contribution to GDP is about 5.8% and that's roughly $1.9B yearly.
That's why it's hard to let go of that just to fully secure people from covid-19, and besides they already have over 35k confirmed cases per report, so they are already fighting against the virus and they know how to handle it.

https://www.coronatracker.com/country/costa-rica/

I don't know but I'm also confused is it really worthy to put their health at risk to revive the economy through tourism, which I also doubt a lot of tourist will risk their health to visit different countries at this dire situation.
I think it is during this time that governments from around the globe needs to invest and improve the Agricultural aspects that could feed the entire country during this time of pandemic.

Don't think that they will not ensure the safety of their people, they would open the tourism but they will ensure people with covid-19 won't be allowed to travel. US  and Costa Rica will both make a protocol against covid-19 so I guess it's not that worst as we are expecting to happen, in the end, the economy needs to survive while it's undeniable that some may suffer but it's the job of the government to protect the interest of the people, meaning the majority of people.
hero member
Activity: 2716
Merit: 552
August 25, 2020, 05:49:19 PM
#10
As per Wikipedia, Costa Rica's tourism contribution to GDP is about 5.8% and that's roughly $1.9B yearly.
I don't know but I'm also confused is it really worthy to put their health at risk to revive the economy through tourism, which I also doubt a lot of tourist will risk their health to visit different countries at this dire situation.
I think it is during this time that governments from around the globe needs to invest and improve the Agricultural aspects that could feed the entire country during this time of pandemic.
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