Perhaps the loss of 80% of jobs for a few months didn’t immediately cause society to fall into anarchy, but putting people out of work did considerable damage to the economy. In almost every developed country, we spent the last year doing a controlled burn of the banking system to prevent hyperinflation. So far it’s cost trillions of dollars in productivity, the national debt of US and EU countries have skyrocketed, and we’re riding a very thin line between tightened lending and economic collapse that some people still don’t seem to take seriously.
In the very best possible scenario we will be left paying off debt for these decisions for decades, have lost several years of economic growth, and will have decreased the quality of life for millions of working class people via inflation of food, services, and so on. This is the exact opposite of proof that everything will be fine if everyone stops working.
In the very best possible scenario we will be left paying off debt for these decisions for decades, have lost several years of economic growth, and will have decreased the quality of life for millions of working class people via inflation of food, services, and so on. This is the exact opposite of proof that everything will be fine if everyone stops working.