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by kirillzubovsky 2288 days ago
Earlier in a podcast Chamath also explains that we are basically facing a choice: save the people, or save the markets, and we are choosing to save the people.

If you look at the link from Draper, he is a VC, and is clearly looking at the situation from a more financial stand-point. His push to reopen business as usual might sound cold, given the situation, but it has legs, at least from a purely economical point of view.

2 comments

Nope, that doesn't make any sense. Keep the shops open now and infection grows exponentially. Overwhelm the ICU capacity = MORE people will die. MORE people dead = less consumption = less people paying rent, etc.

There is no good solution :(

Agreed. Honestly, who is going to take a trip around the world now? Even if all the borders were open. No one is going to risk getting stuck in some foreign country.
Some rich jerk who's paying people in hand-sanitizer instead of money.
There is a better solution: taking care of people, isolating the vulnerable and not allowing others to get sick unnecessarily rather than letting 120-170 million die.
the damage to the economy and to the human population is PROVABLY better if you flatten the curve.

https://qz.com/1816060/a-chart-of-the-1918-spanish-flu-shows...

UK chose to save the markets. Let's see how it will play out.