Topic: Recession: The Government's Obvious Mistake - page 2. (Read 226 times)
As to the series of lockdown that you mentioned as government mistake, I don't agree with you that is to be called a mistake or an economical wrong decision. It is not, the government took the best decision if we are to talk about that on covid-19. During the covid-19, the government choose to lockdown the economy, choosing between the good devil and the bad , of extreme decision that it saving life first against economic growth. The economic growth is pushed by man power and if the government didn't close the economy and allow more people to die then the economy will find it more difficult to grow. I think is a right economic decision to lockdown the economy at such times.
Even in Lockdown the markets are flourishing online as well, it's not an absolute lockdown of economy, it has caused the IT sector to push all borders and people are might as well continuing their jobs online therefore the economy have not been completely obliterated during the lock down.
Their principles were more focused on containing the covid as well and now we are seeing monkey pox which the experts have stated that it might not be converted into a pandemic, that might can change any moment therefore loosing people would be way worse than loosing economic stability.
*The Green agenda* might be needed because pollution is all time high, they are not following the wrong principals but they are definately doing the wrong execution. We need well educated people in the government honestly!
Their principles were more focused on containing the covid as well and now we are seeing monkey pox which the experts have stated that it might not be converted into a pandemic, that might can change any moment therefore loosing people would be way worse than loosing economic stability.
*The Green agenda* might be needed because pollution is all time high, they are not following the wrong principals but they are definately doing the wrong execution. We need well educated people in the government honestly!
I don't think those thing you mentioned are the mistake from the government, because the macro economy problem are very complex and not easy to solve it.
The main reason are started because of the two factors e.g. high birth rate and low human resources.
Government implemented a lockdown because they want to protect anyone of the Covid-19, but it some people doesn't have a lot money to survive without work. This because of high birth rate, if those people didn't have many children, they can still survive.
Printing money isn't only used for incentivize people which doesn't work, but it's mostly for government expenditure.
A green agenda is very important because global warning isn't a joke, if you don't care with the environmental, you will harm the earth in the long run.
Increasing tax is still reasonable as long as your country have a clear roadmap to built some facilitation to make your country way better.
The main reason are started because of the two factors e.g. high birth rate and low human resources.
Government implemented a lockdown because they want to protect anyone of the Covid-19, but it some people doesn't have a lot money to survive without work. This because of high birth rate, if those people didn't have many children, they can still survive.
Printing money isn't only used for incentivize people which doesn't work, but it's mostly for government expenditure.
A green agenda is very important because global warning isn't a joke, if you don't care with the environmental, you will harm the earth in the long run.
Increasing tax is still reasonable as long as your country have a clear roadmap to built some facilitation to make your country way better.
- Lockdowns disrupt the supply chain. Artificially closing and reopening the economy will make a high unemployment period followed by high training costs and a longer time to get the same level of productivity;
This was probably handled the best by governments imo. I didn't see any/much news on there being pharmaceuticals having to isolate on ships or at ports (these normally have the most internationally intensive operations - chips/semiconductors did take a big hit though).
- Lockdowns obliterating small/home businesses;
This is where the UK government went really slow (and probably a lot of other places too). Most people who weren't running a formally/publicly listed company had a longer wait to be included in furlough (this was fine for a lot of people but it probably incentivised some to break lockdown rules).
How can they make this obvious mistake and get away with it?
I don't think they are dumb, but maybe they followed the wrong principle. Or there's a big agenda to get people into poverty?
- Lockdowns disrupt the supply chain. Artificially closing and reopening the economy will make a high unemployment period followed by high training costs and a longer time to get the same level of productivity;
- Lockdowns obliterating small/home businesses;
- Print money to incentivize people not to work;
- Further restrict economy with "green" agenda;
- Increase taxes to bail out their over-expenses.
I don't think they are dumb, but maybe they followed the wrong principle. Or there's a big agenda to get people into poverty?
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