Topic: Possible solution for economic go-slow - page 3. (Read 662 times)

Makes sense actually. An extra day's pay every week wouldn't even cover half the losses they've realized from inflation over the past two decades. Central banks keep pumping money into the markets, increasing inflation, but then all the growth gets swallowed up by the financial markets. When you add in phenomenons like the explosion of the gig economy, workers realize they are getting paid less and less and less.

Populations are growing increasingly aware that corporate profits and working wages have massively diverged in recent years. They are getting pissed off watching executives pocket all the growth in the form of stock market pumps, exercised stock options, and corporate buybacks......as their own lives have been getting decidedly worse for decades now on a nonstop trajectory.

We've been living through an era (nearly an entire generation now) where corporate greed and financial excess has reached unimaginable levels. Nobody should be surprised when the tides finally turn and the workers of the world want Jeff Bezos' head on a fucking pike, along with a laundry list of demands for a better life.

Governments and industry ought to pay close attention to the way the winds are blowing. They are just ravaging the middle class. If they keep letting the middle class evaporate, they will be in big trouble in another decade or two as societies destabilize.

all governments carry out the work of handling this pandemic in each country by means of different strategies, there are countries that are not too severe and some are severely affected by covid-19.of course the government has various ways to anticipate this pandemic so that the state cycle is not too severe and not too heavy because of this pandemic....?

There is really nothing you can do in the case of cryptocurrency. Cryptocurrency is being affected because of things that are happening out there and people are afraid to be investing their money at a time like this and they have chosen to be selling their assets instead of holding them. The first thing we have to do is to fix the problem we have outside there and once they are all fixed and things are back in better position, there will be nothing there to stop people from investing their money in whatever they want to invest in. And as for how to fix the economy, it’s all about getting back to work and we are doing that already, it’s just going to take a short time.

Many countries already announced about vaccine for corona which makes me to think about possible end for pandemic within this year hence we can think about rebuilding of our economy in coming days which means no more economic slow down everywhere. Countries who invent vaccine may get early boom but all countries may not get struggle due to pandemic and slow downs.

The only possible way that we can totally set back or recover the loss of our country's economy together the world economy is when the vaccine have already been discover so that the normal lives like the usual thing we have before the pandemic can go back and that is when we can work things out. But since the discovery is still on process due to many laboratory trials to assure that the vaccine will work with no human harm or side effects, what we might just establish is what they do call the "new normal" set up.

On the "new normal" set up, the economy can slowly start up by re-opening the essential establishments that is focused on basic needs and stuffs but with lesser capacity of work force so that basic necessities can still be fulfilled because if we will not do such thing, the country's economy will continue to decline leading to possible bigger debt and lack or shortage of resources. This can somehow help to start up the economy on which we must consider the tight or strict implementation of precautionary measures to be able to prevent the spread of virus while we are working on how the country's economic state is being productive all at the same time. That will be our temporary to permanent set up that is possible while the pandemic is still on so that we can start up each and everyone's economy of each country.

We need wide business support from goverment. Only this could help in current situation

Lockdown to me didn't bring solution, after lockdown what are we seeing in number of affected people, rising right ?
So being strict in policy and by-rules on wearing of face mask, sanitizing etc and proper education to rural dwellers about covid-19 prevention would help.

no not all asian does that but there are people that wont wear mask if they get sick especialy if he came from uneducated families or poorer families  . manners does not depend on the country but depends on the individual  . now most people wear mask when going outside with or without sickness but after this covid , some people will live with thier own ways again  . on your country you are doing bad  because you only think of your selves  , does your governments does not provide help on you and why you still insist to work during these times  .

It's really hard to compare Asia with Western Countries, or Africa because the mentality is so different. In Asia it's normal for wearing a mask. If people feel sick in Asia it is common for a long time that they just wear a mask and keep distance from other people. In the west however, we are forced into the same pattern within the last 6 months.
Also we don't have the same politeness and kindness over here as in Asia. We are not following the corona restrictions because it's limits our free way of living.

With what this pandemic brought to every people's mindset, this types of business needs a strict
rules that will prevent the spread of this virus.


That's true, and it is much better to prevent that to happen and keep all the safety measures to lessen
the chance of another waves.


Indeed. Politicians needs to be compassionates instead of corrupting the funds, they should be more
concern from how they will help and save lives.

There is no way to flattened the infection curve and to restart economy. There will always a side that needs to be sacrificed and it depends on which country we are talking about. Lets talk a look at Singapore for example, they are country with one of the lowest number of death to the pandemic yet their economy are stable on the same time

If we have to compare between Singapore and most of country in Africa then it would be very different. Most country in Africa would sacrifice this health issue to restart things back to normal

Economic boost ranges within societies, for countries that rely so much on tourism/social interaction, they might need to adopt sensitive and strategic process to allow the recovery of the economy. Lives  matter so much and economy will give sustenance to the life, if the second waves bring uncontrollable figure of infection and death, they might enforce the second lockdown. It is a difficult time to put economy ahead of health, also politicking with the pandemic should also be reduced.

The British people were surveyed recently and they support the creation of a four day working week. However they also believe they should be paid exactly the same. Funny that.

The things that needed at present more than anything are foresight and delayed gratification and there hasn't been a great deal of anything.

Governments should realise supporting an industry today for longer than they wish to means the industry survives forever. If they don't then it dies forever.

If Donald had been capable of looking beyond today's news headlines and election prospects he would've formulated a coherent response to the virus that won't bite him on the arse when the bill arrives.

     To be honest, this kind of topic is really hard to talk about specially for the ones greatly affected by this pandemic. The only solution I could think of right now for our country is to raise awareness and make people abide strictly to the needed protocols because as long as this pandemic exists, most of the economical movement that can lead us upwards are all halted. If only our government became more serious before this virus reached our country, or even just acted faster and accordingly to the situation and rise of the cases, then a lot of unnecessary problems and deaths would have been avoided and our country would have never reached this point.

The pandemic has opened a paradox where every country will try to build business within their country rather than outsourcing and that is the changes we will be seeing after this and it might affect other countries that were taking these opportunities to create jobs.

How do you think cryptocurrency will help in economic recovery, it could create jobs if there are projects that could come up with solutions and thereby helping the economy and even then it will be small percentage and when it comes to transactions if you are doing long distance transactions especially across continents then BTCitcoin is the perfect mode of transaction, particularly for export and import business and not for small transactions.
The potential is immense and we will see many developments in the next ten years.

1. So you are suggesting to put economy before life? The government never orders any institution/offices to shutdown. They encouraged people to resume work remotely from home.
2. You won't be surprised how many stupid people are there in this world.
3. The government can't just go running around lowering taxes. This will just mess up the economy in the long run. They can take other  monetary policies in planned ways though.

I didn't consider the past because we're not yet alive during that time but if you say so, yes it's second, and let's agree on it.

But in reality, they will not do this. There's a risk that they are weighing and they can't consider doing this or even broadcast it for some reasons.

I also do think of cryptocurrency playing a great role during this pandemic like we can use it for daily transaction instead of cash since it might contain the virus as money is a handy thing but we are not prepared for crypto yet in my opinion. Most of the people don't even know what bitcoin is and how it works, not even the blockchain itself..

Government in investing with bitcoin? lol why would they put a money in uncertain things? it's like buying a vaccine for an unknown disease in hoping that the time will come for that disease to break out. They don't have to spend a money on it, they could just tell their people to use and people will use it, provide laws that will protect the crypto users against scammers and fraudsters. This is what they should invest, not literally on bitcoin.

For sure all of the countries have economic advisors and they will spend more time doing a strategic approach on how they can recover, they will surely focus on the resources on which country known of and also I believe there are countries will extend their helping hands to help the other countries which suffer to much for economic resurrection. But I don't see any point for now that they will go with cryptocurrency since they didn't look at it even if there's pandemic so for sure they will just ignore it and stick on what they do for over the past years.

There are a lot of possible solutions for this economic crisis, but it is really hard to find which is more effective to do. Especially that cryptocurrency are very complex, the prices of different coins varies depending on the factors that contribute to the changes in its prices. Most of the governments are not that into the use of cryptocurrency in the economy, still there are a lot of country which are not that knowledgeable about cryptocurrency's effect in the economic recovery. Hopefully, government allows the use of cryptocurrency in many transactions because it is less hassle, and faster than other payment tools. Cryptocurrency is full of potential so maybe there's something more about its effect and influence in the economy and community.

Is it possible that the government will invest in such a situation now that the country is more focused on handling even more spending a bigger budget unless the government issues a policy on crypto ownership then I think it can happen, advice like this is indeed difficult to express because basically we will knowing that this takes a long time in normalcy as before.