Discuss the ‘Covid-19 pandemic”. How can it be addressed in relation to building up the economy in a safe and careful manner?

Question

Few criteria for answering the question:

1) An eye-catching attention-getter paragraph to introduce the topic

2) A strong thesis statement that clearly states the main topic and the controlling idea.

3) Discussion of the issue must be done in a clear and vivid matter so that the audience is aware of the advantages and disadvantages

4) Use a selection of examples, anecdotes, statistics, details to provide facts for the body section

5) Argue why the solutions are workable and feasible

6) Provide a relevant counter-argument that readers might and suggest reasons as to why your solutions are effective and efficient

7) Provide a future element to the solution and suggest long term and short term benefit, if present

8) Conclude the essay with a well-rounded summary of the essay talk about any limitations that might be present.

Answer 1

Taking both the economy and COVID seriously are not mutually exclusive propositions, though some in our culture seem to believe so; I believe that the crux of this question is whether or not businesses should be highly regulated in the face of COVID, as that is a great source of economic turbulence.

It seems to me that this is largely a question of governance philosophy: should governments regulate the behavior of citizens in a stringent manner or should individuals take risk assessments for themselves and act accordingly (regarding personal finances, small business management, work, etc.)? What is best to do in the face of an unprecedented (at least since the 1918 Spanish Flu) pandemic? Whom are at risk? Should everyone quarantine, thus threatening out country's and individuals' economic security, or only those with greater risk of serious illness? What are the risks to those whom are young and healthy; should they be able to work and provide for their families while those at greater risk remain isolated? What precautions should we set up for the foreseeable future? Is it best to send those healthy to work, or should our government provide further stimulus package? If quarantine is to continue, should the government provide fiscal aid to small businesses, in the form of payroll relief and additional loans? Should businesses stay open, with further restrictions and incentives, or should nonessential businesses close.

Also something to consider is regional vs national policy. Should economic policy be left up to regions, who are able to accurately assess the circumstances that they are currently in, or should the national government take control.

The most appropriate and apt manner to answer this question is to look at it through a governmental view regarding economic philosophy (laissez faire vs keynesian). Has the pandemic, at large, shown the shortcomings of large governmental intervention in economic affairs, or has governmental intervention been more laudable and beneficial than otherwise.

Going into the future, what has this pandemic taught us? Do we need more social programs or less. Is the governments role in the economy more or less important than individual's roles. What restrictions should businesses be bound to, if any.