07-09-2020, 11:17 AM
(07-09-2020, 11:00 AM)OutsiderFan Wrote: Yes, the Fed is the "buyer of last resort." I get that. I'm just making a point around how I don't think propping up the current system that has given us the society we have and led us to our current reality, is worth saving. It's kind of like what Nationals Pitcher Sean Doolittle said. Sports are suppose to be a reward for a high functioning society. Similarly, I would argue anyone being able to live comfortably should be a reward for everyone being able to live with certain opportunities and protections.
Covid pandemic out of control and infecting millions of Americans with who knows what long-term cost. Mortgaged to our eyeballs in debt. More than 30 million unemployed. Only 47% of working age adults full-time employed. Climate Change accelerating. Racism dividing us. Historic income inequality. Government failing to protect its citizens because it literally can't function to address the nation's problems. Stanford cutting 11 sports :)
Someone make an argument for why "the system" is worth saving and I'll listen.
I thought this was the logic for the "Flight 93 election" in 2016. I can give you my thoughts on why throwing out an imperfect system won't solve all your problems, but that would probably fall afoul of the Terry rule.
Keeping it COVID-19 related, if you think our response has been sub-par now, imagine trying to do anything in the midst of a collapsing politico-economic system. Forget high level tasks like contact tracing. There is no guarantee that in such a system the hospital system would even hold up, given how the worst affected are covered by Medicare and thus require a functioning government to have health insurance.
I have lots of complaints about our current system, but I fail to see how "burn it all down" would be an improvement.
BC
