You spoke about the long-term effect of recession. Now you highlighted that it might be good because it Makes government and people adjusts their actions and cultivate better policies right? Now the question is, if series of recession is left uncheck, would the natural process of recovery be adequate enough to prevent another recession? Because you talked about it majorly caused by bad policies. Should we say constant recession prevents a country from getting to a stage of recession where it might be difficult for them to recover?
The success of most pharmaceutical companies is based on crony capitalism. The Covid-19 jabs are examples of products that have profited them mostly because they do not work.
The crony capitalism you're speaking of isn't it a kind of situation where big pharms enjoy the benefit of government policies, while paying it forward in forms of tax?
Well, you've rightly said the demand for healthcare is inelastic, I'm thinking, the current COVID-19 situation in the world might just increase that inelasticity, creating a sort of situation where wealth would be massively generated to companies who are providing them, right?
Now, Theoritically, if the cost of e crises were to affect everyone in general, organizations and people alike. do you think it'll be a good thing?
This has been very insightful..
@tipu curate
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