First of all, please don't be uncivil. Getting upset and insulting people is no way to discuss a complex issue.
As for your post; that ability gradually disappears, just as it gradually builds up when the economy is functioning properly.
Capital depreciates. A washing machine breaks down, and in the absence of a repair service provider, or an ability to pay them, the washing machine loses its utility, and a person's quality of life regresses, which has long term implications for their health.
Beyond simple equipment malfunctions, the complex interplay of incentives, trust and relationships that constitutes a productive enterprise are also disrupted and destroyed by shocks and bankrupties.
It takes years to get a productive enterprise up and running. The bankruptcies happening now will hurt the production of goods/services for years to come.
Fewer goods/services translates to a lower quality of life from less labor-saving specialization/technology, which in turn increases the strain on individuals, and thereby reduces their life expectancy.
The economic factors that affect life expectancy are far more numerous and complex than an inert piece of equipment for harvesting crops or manufacturing goods, and your analysis ignores all of that.
You should at least be able to grasp the implications of the statistical evidence, which clearly show that all things being held equal, every percentile drop in GDP is associated with a drop in life expectancy.
To discount the Economy's relevance to human life is deeply misinformed.
>>You know what can disappear, become depleted, or stretched to thin? Trained medical personal. And money flow can't replenish that resource.
Completely irrelevant to my point. I wasn't suggesting that minimizing strain on the healtcare system isn't important, or even that it isn't more important than avoiding doing some amount of harm to the general economy.
I was simply contesting your claim that the Economy is irrelevant to sustaining human life. I am criticizing how you rudely implied that even suggesting the damage to it should be weighed against the deaths caused by the SARS-CoV-2 pandemic, deserves nothing but derision and contempt.
As for your post; that ability gradually disappears, just as it gradually builds up when the economy is functioning properly.
Capital depreciates. A washing machine breaks down, and in the absence of a repair service provider, or an ability to pay them, the washing machine loses its utility, and a person's quality of life regresses, which has long term implications for their health.
Beyond simple equipment malfunctions, the complex interplay of incentives, trust and relationships that constitutes a productive enterprise are also disrupted and destroyed by shocks and bankrupties.
It takes years to get a productive enterprise up and running. The bankruptcies happening now will hurt the production of goods/services for years to come.
Fewer goods/services translates to a lower quality of life from less labor-saving specialization/technology, which in turn increases the strain on individuals, and thereby reduces their life expectancy.
The economic factors that affect life expectancy are far more numerous and complex than an inert piece of equipment for harvesting crops or manufacturing goods, and your analysis ignores all of that.
You should at least be able to grasp the implications of the statistical evidence, which clearly show that all things being held equal, every percentile drop in GDP is associated with a drop in life expectancy.
To discount the Economy's relevance to human life is deeply misinformed.
>>You know what can disappear, become depleted, or stretched to thin? Trained medical personal. And money flow can't replenish that resource.
Completely irrelevant to my point. I wasn't suggesting that minimizing strain on the healtcare system isn't important, or even that it isn't more important than avoiding doing some amount of harm to the general economy.
I was simply contesting your claim that the Economy is irrelevant to sustaining human life. I am criticizing how you rudely implied that even suggesting the damage to it should be weighed against the deaths caused by the SARS-CoV-2 pandemic, deserves nothing but derision and contempt.