Originally Posted by
gloopy
I can see that making sense on the surface right now, but I don't think it will pan out like that.
There is some truth to the "coiled spring"/"don't bet against the USA" viewpoints, but the timing of both is off by quite a bit IMO. A massive WWII effort that will require a huge mindset of economic nationalism and "America First" will help in the long run but even that kind of mentality revival is far from likely. And if we go full on open borders socialist/"sieze the means of production for the people's worker's party" etc because of this, all bets are off anyway.
But every model (original and adjusted) that I've seen shows this re-peaking this fall. And that's best case. If we've gotten so soft and protected that we view a complete global economic collapse is worth "if it just saves one life" then we're going to have to stay locked down quite a while longer, maybe begin to reopen with Great(er) Depression levels of GDP shrinkage and unemployment, and then re-shut down again. There is no path to do that economically that doesn't result in a gobal collapse.
We will have to get back to business or there won't be a business to get back to for a very long time.
Good times make a soft society and we've had it ridiculously good for a very long time. To the point where we can't even process the downside of what our actions are leading to as we strive for maximum safety, which even if we kind of achieve now, will be reduced even further later anyway.