Topic: Will the government understand? - page 6. (Read 965 times)

In US, their stock market really dropped as this virus immediately spreading in their country. As this Covid-19 is continuously spreading, still their leader or their president is doing nothing but only a reminder. The government in US is very passive as it doesn't do some actions to prevent and lessen the transmission of the virus. The economy of US have no progress this time as President Trump still underestimate the influence and effect of the virus to its community. Meanwhile, China is progressively reducing the number of cases in its country because I think they already have the vaccine for the Covid-19 virus. Also its economy is not that affected and I'm wondering how and why. It is impossible for the country to manage their economy as the virus is also affecting their market and people. China already survived and have a stable economy as this virus is still spreading in some other countries.

Corruption has been with us for centuries, so I don't know if those corrupt are going to take a back seat because of the pandemic. For those living below poverty line, I think the government needs to prioritised them.


I'm under the impression that people who are engaged in cryptocurrencies are in the sphere because of situation like this.

I doubt thought that there could be jobs created out of this pandemic.


It might take some time for the economy to recover. That's why cryptocurrencies are a good hedge for everything. We have a fairly good head start, I think we can last until everything settles down.

I think everyone government around the world today are thinking of their people and how to help them alleviate the current and looming recession. As you have said, US stimulus package, but I think it will not be enough though. We can only get that much help from the government, sad to say, to each its own right now.

As for crypto enthusiast, yes we have some leverage, specially if you have save a lot in the last couple of years. But I don't know if that is also enough to last in the next 12-18 months. I have buckets of like 6 -12 months, but I need to also conserve it because we really don't know what's going to happen if vaccine has not yet discovered 12-18 months from now.

In my opinion, the governments of most countries are now taking quite tough timely measures to combat the spread of coronavirus. Moreover, the measures are so unprecedented that some even raise the question of whether we are too zealous and remove a lot of attention to him.
Thanks to such tough measures, for the first time we are surprised to see how quickly the nature of our planet is cleansed and restored. Many predict that after we overcome the coronavirus, our planet will no longer be the same. Perhaps we will no longer pollute the nature around us, especially since we have the opportunity to switch to renewable alternative energy sources, rather than using oil and gasoline in such enormous quantities.

several decades ago, people kept savings worth several months of income. being out of work for a couple months would not mean economic collapse. fast forward to a society where most people live paycheck to paycheck and have zero savings. most small businesses can't survive shuttered for a month.

i would like to share your optimism but we need to exit the crisis stage first---flatten the infection curve, secure enough hospital beds and ventilators, etc etc. on the current path, the USA simply doesn't have adequate healthcare infrastructure for the projected hospitalizations.

for things to improve, the population needs to start taking the threat seriously. people are still throwing coronavirus parties, not wearing face masks in public, not heeding shelter in place orders. it's insane!

tbh, americans are pretty retarded---they obviously have little to no regard for vulnerable populations like the elderly. the projected deaths are getting higher everyday. most of those deaths are gonna be our parents and grandparents, all because of these arrogant assholes who think "it's only a cold, what does it matter"? and they go around spreading this extremely infectious virus exponentially through our communities.

trump downplaying the pandemic every step of the way for the last 2 months has worsened the crisis immeasurably. americans never took it seriously. they still aren't.

The government cannot do it by them all. They need the help of those people who has a good heart to help those people who are in need. Infected countries must totally lockdown and force their people to quarantine themselves so that the virus will not spread anymore while trying to cure it. Lets just hope that this crisis will end soon.

Not just a year, probably. China has the best shot on winning the economy really, as the pandemic cases decreases in their country while the other country suffers and is needing a cure China will just get the advantage of it. Count how many countries that China has already and have a debt, the USA, worlds leading country has a debt in China let that sinks to your mind. China isn't playing games, they are the game master of this world. I tend not to believe that they created the virus but after some readings my think was changed and connected the dots from every aspect.

For the government, we are only pawns on the chessboard, it is more important for them to look good on the world stage during the crisis. About the transition to a remote mode of operation - for office workers it is as easy as shelling pears, but what about ordinary workers? If at the moment almost all the work is suspended, then how can such people survive? At $ 1200 from the government? I don’t think so.

I do not think this is possible or achievable. It is always about given and takes. Even the traditional stock exchange asset get dump and also pumps. Nobody wants to see crypto being regulated yet we all want to see crypto being recognized well by the government. Most government won't wanna accept something that they cant control. For them, it is like seating on gun powder.

I agree that society is not collapsing, but it is true that people who used to be vulnerable are now in critical state. For instance, in my country, homeless people are suffering more than before since places where they used to sleep are closed, places where they were given food are closed as well and even charity organizations are not that helpful due to the quarantine and everyone staying at home.
Regarding the virus, if you take a look at the number of cases worldwide that had an outcome, the current death rate is 18%. Moreover, the real scope of the disease is unknown due to a very limited number of conducted tests. Finally, if people don't take the quarantine more seriously, it is estimated that millions to dozens of millions of people are going to die before the vaccine is here.

Yeah, the crisis and all, its coming all over again.

Even the International bodies are saying we have already entered into the economic crisis and dawn of business shut is on the way. (Reference : https://www.epw.in/journal/2020/11/h-t-parekh-finance-column/triggering-global-financial-crisis.html)

This situation is anyway gonna last for longer than what it appears to be calling for "Global Emergency". Let us just hope that China doesn't do any harm to other countries with their so called devil plans. If they step forward with war intentions then lets just pray that we save our a** and still be enjoying this forum forever. 

Dude, society is not collapsing.  This is an outbreak of a virus that isn't particularly deadly, and it's only going to be a temporary thing.  Yes, it's having huge effects on the economy but I don't think this is going to spark massive unemployment for the long term--and I'm hoping the effects aren't too drastic in a year or so from now.

There are going to be more deaths from COVID-19, but compared to other causes of death that number is relatively small.  It isn't as though this strain of coronavirus kills everyone it infects.  Most people who get it feel like they have a cold, and this whole situation could have been much, much worse if it were a deadlier virus.  It'll take some months, but the world will get back to normal.

It isn't possible to create jobs for everyone during the times of economic recession, no matter how technical advanced we are. Recession slows down the economy and not everyone is skilled enough to adapt to new changes. For example, most of the desk jobs are now shifted to Work from Home basis. But what about daily wage workers and manual laborers? We can't shift their work to computers. We have to wait for economic reconstruction to employ them once again.


During tough times it's the job of government to bring parity across country. This could be done by distributing free foods, giving financial aid to poor. In such conditions, we have to give away the idea of economic development and focus more on economic well-being. Once tragedy is over, government once again have to take pro-active steps to provide jobs to all those who were retrenched during recession. That will be the time when your question will become relevant again.

We shouldn't expect everything from the government. This is why there are financial gurus that are educating and helping people for times like this, those teachings are applicable.

About the jobs, I don't think that the government can provide all of them to have it. What they can do is just support and supply them with the basic necessities but we couldn't just entrust everything that we need to them.

They do and that's why they are trying to give out whatever help they can, and they hope that the people would understand the reasons for the lockdowns and quarantines currently understanding. It isn't a matter of money IMO, there are millions of people in a country and if the government were to fund each and every one of them, it would take an astronomic amount. Not to mention the funds they would need to spend on supplies, as well as possibly researching regarding the virus.

Any kind of help for them is nearly dead at the moment. Not to mention them, even us who are relatively well aren't able to help for the long term. Sure, we can try to give out food and supplies to them, but that would only be a temporary approach. The fundamental problem wouldn't really be solved.

In this situation, we all need to come forward and help people with everything we can. but the problem is we can't go outside right now so it creates problem but if we donate the government and if they distribute it to all people it might work but this is a short time solution if this go for a month than many countries will suffer more than a rich country like the USA.

About the survival of the poor, I have my sympathy for them. The government can't do all the job of food supply. This is a time that the wealthy and politicians who most likely have stolen from the people should give back to the people in support. My worry is the time duration that op has suggested that vaccine could be available. That is really a long time, this might really take the world to recession.

I don't know about the offices but for us teachers, I know one thing. We can't still fully adjust to the pandemic happening. We are in a province and there are three positives of the virus so classes will obviously be adjusted again. We can't fully do online classes since not all of the students have access to the internet. Another thing is that with the pandemic, books are in their schools so we are having a hard time pointing on what to do. Well, most of the activities are being done in their homes and luckily some students can go to those people that don't have access to the internet. Though there are still a lot of activities to be done, I told them that I would be giving them bonus points as long as they followed the quarantine policies in their places. I don't really push them to do the activities, I am more concerned with their health right now. 

the whole world in chaos right now and we don't know what are waiting for us in 3-4 months and how many people will die in this situation by coronavirus and by not getting proper food and treatment but whatever happens economy might get 5-10 years behind because of this. And there already many conspiracy theory going in which is not good for us I hope we can overcome this situation by working together.

Stay home Stay safe

Well ... I think in the end the government can not do anything. Food needs assistance only lasts 3-5 days, in the end, the poor people can only hope and depend on themselves, the government cannot be relied on.