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COVID-19 Economic destruction caused by the covid restrictions

IrishJohn

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For this thread I would like to highlight the Economic destruction that the covid restrictions have caused.

Lockdown extremists have dropped a nuclear bomb on our economy.



Cineworld is set to close all of its UK and Ireland sites






 

gerhard dengler

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Google opting out of occupying office rental in Dublin city recently.

Dell has decided to hand back office space it had intended to occupy in Cork city centre.


On a week on week comparison between 2019 and 2020, since March 13th 2020, the turnover of our businesses is down 62%.
 

NiceNin

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For this thread I would like to highlight the Economic destruction that the covid restrictions have caused.

Lockdown extremists have dropped a nuclear bomb on our economy.



Cineworld is set to close all of its UK and Ireland sites






Cineworld pushed for mandatory masks in cinemas.

Suck it up, fuzzballs!



48080346.md.jpg
 

blue velvet

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The independent had a good article on Saturday about the effect of the restrictions on various parts of the economy.

Multinational Sector - hardly any negative effect. In fact buoyant tax revenues and even growth in Pharma Sector.

The rest of the economy ? On its knees. VAT receipts down 20% on last year. Hospitality sector ruined. Tourism ruined. The worst affected? The Arts. Theatre, Music, Events, Gigs, Concerts, Dance.
 

roc_

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Of what precisely? Are all those on the COVID payment being cleaned out?
Of crap we don't really need. Meaning what's left is the production of things that are really valuable. When that happens economies are invigorated and everyone benefits. A clean out of "unearned income" of all kinds. Classical economics distinguished between productive and unproductive activity, and hence between wealth and overhead.
 

roc_

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Sure the likes of ticket master and concert events companies go out of business. But then afterwards the artists and audiences may benefit fro that. To take just one example.
 

roc_

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I'm taking it that this thread is about economic destruction, not the many personal tragedies stoked by this pandemic (which are far from only being about job losses, no doubt it is one aspect).
 
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The service, hospitality and airline industries have been effectively wiped out, civil servants and multinational employees are loving it, but lets see when the govt runs out of money.

What has the lock-down achieved ?

Absolutely nothing, 6 months later we are right back where we started. There may have been a rationale for the lockdown in March as the virus was an unknown but even that failed as the most vulnerable were sadly wiped out in the early days.

We are now effectively being dictated to by small cabal of senior public servants who have zero concept of a functioning economy, some of them are advocates of a zero covid strategy, which tells you all you need to know about them.

A zero covid strategy would involve closing our borders to all bar the tested and isolated, so the govt figures the next best policy is to lock-down the Irish people while allowing anyone to enter the Country if they wish.

It is a failed policy, which is destroying the economic life of our Country.
 
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