Comments by "Paul Aiello" (@paul1979uk2000) on "The Economic Impact Of Coronavirus Event Cancellations" video.

True and I have to wonder how much worse this can get and the cost after the dust settles is going to be massive, it's likely going to take years to repair the damage on this.
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@milosilic23 The markets will pick up but I don't know about the economy because it's likely going to take years to repair the damage of this as businesses are under threat in a lot of areas, jobs are at risk, governments are pumping a lot of money in the economy which is leaving them in a bad state to recover from, then when you throw in that consumers could take some time to start spending because of the risk to their jobs, I don't see a recover from this happening for quite some time and more so the longer the virus and lockdown continues. But don't get me wrong, things will bounce back but I think it's going to take longer then what some think.
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No, I think after the dust settles, we need to put aside the blame game and start working together, after all, China might not have been open about this because of the threat of Trump in that he was just itching for a fight with China so China might have covered it up to protect themselves knowing that Trump likely would use this to punish China and in fact that is exactly what he's trying to do, so yes, there is blame to go around but I think we need to put that aside and work together on dealing with the coronavirus before the damage gets really bad.
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@RM-ov8gk Things would have to get quite a bit worse then they are for that to change but if this drags on, we could be talking about our world war two moment in modern times in that the end of the second world war brought about massive changes in many areas, more so in Europe with the social system and cooperation, this coronavirus could do the same thing as it's a massive wake up call for the public, something that likely was needed because the human race was starting to revert back to our old ways which led to the second world war, so with any luck, some massive reflection on this will happen once the dust settles and the first should be in stopping the blame game.
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@iyappan6254 With any luck, the rich countries will help them out but the problem is that they are going to be in a dire situation themselves after this.
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True but then it's rare for them to spread so rapidly and if we do as you say, the odds of it mutating into something far worse goes up, but either way, we can't be in lock down for too long, 2 or 3 months at the max where if things don't get better, tough decisions will have to be made.
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@caperider1160 No, I'm just one that likes to have critical thinking and doesn't automatically follow the government line like a sheep because they want me too, I look at how things are and what we can do to deal with it. Even with a cover up, why did a lot of other countries respond to this so slow? We've known about this virus since January and yet look how slow the likes of the US and US are reacting to this, at first they made it seem like a joke in that it would blow over and then they started to put the economy first at the expense of the people. Some tough questions are going to get asked on a lot of governments once the dust settings and it doesn't look good for many of them. So what I'm saying is that China should have been more open on this but Trump would go out of his way to try and punish them if China was more open so I can understand why they wanted to keep it a secret, but even then, if China was open, would a lot of governments listen? look how slow they are to react to it, it suggests China being open on it wouldn't change anything, hence the tough questions on our own governments once the dust settles, beside, all Trumps is doing is deflecting blame away from him self because he knows he's in deep with this and the buck stands with him in the US, he's trying to deflect blame on China because this looks bad on him.
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@caperider1160 Some are desperate to blame China because they want an easy scapegoat, Trump is doing just that but that's not going to end well. Beside, I'm not saying the Chinese government doesn't need to change, after the dust settles on this virus, China will have to change in many areas like on food standards and how they treat animals, the pressure on them from the rest of the world will be immense on those things. Also, when you say China is a big threat to the world order, what you likely mean is America world order and you are right, China is a big threat to the US, if you look at what China is doing, they are making many friends at the moment in Europe and around the world with helping on the coronavirus at a time when the US is pulling back, the longer this virus goes on, the bigger the geographical and political shift that can happen in the world and so far China is playing the smart game on that whereas the US is coming across as a selfish nation thanks to Trump. One thing I do know, if this virus last till the end of the summer or year, it's not going to be business as usual after that, a lot of changes are coming, maybe in the same kind of way we saw after the second world war, people don't seem to understand how massive of a change this is going to be for the human race once the dust settles.
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They should have been honest with the world early on but to be fair to them, I can understand why they didn't with Trump itching for a fight with them. Either way, lessons need to be learned from this and we need to stop with this blame game, it is what it is and we really all need to work together to solve this problem as soon as we can because it's impacting us all in a big way and it's looking like things are only going to get worse.
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@justchill7995 Yep, we saw the same pattern in the UK, the warning signs was all around but governments didn't listen to they responded to it too slow and that to me tells me that even if China was more open, would other governments have reacted quicker? I doubt it somehow and that is the real problem here, a lack of trust on both sides so the share of blame is on both sides for different reasons. Personally, I put the blame mostly on the US and China, by creating a hostile environment, China felt it had to protect itself in being more secret on this because they likely knew that Trump would jump on this with the aim of harming China, after all Trump has a lot of form on that, so yes, it's easy to blame China but there is lots of blame to go around on this one, Trump being one of them and the slow reaction to this virus from many governments being another.
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@MrCTruck That's true and it's clear to see that they've been trying to paper over the cracks to keep the economy going but now with this coronavirus going on, they've gone into overdrive but it's clearly not effective because they are using the same tools they would use under normals times, these are not normals times, a lot of people are not working or buying goods so it's kinda freezing economic activity, all they can really do is limit the damage because it's very likely a recession is on it's way, maybe even a depression. Either way, I don't see that we have much options as we have to contain this virus before it gets really bad, also, some people saying it's just a few thousand people, that's being very reckless, look how quick the virus has spread, look at the numbers of deaths in Italy just a week or two ago, those numbers are rising at an alarming rate and if we see the same thing in other countries and the numbers don't calm down, the death toll from this could end up in the millions if not more if we don't contain it quickly.
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