Is opening the Economy enough?

Not necessarily. I know quite a few people with businesses which can withstand 6 months of shutdown. Every one of them either works from home, or owns their commercial premises (ie, no rent to pay). I think those are the keys.

 

I'm not sure you can run an economy based on people who work out of their bedrooms, or who actually own the commercial property they operating their businesses from.

 

Depends on the economy!

And by 'work from home', I don't mean making scented candles in your bedroom .. I mean farming, small manufacturing, tradesmen, consultants, freelancers, etc etc. As for owning commercial premises, perhaps that's something to rethink, for small business operators? More smallholder/freeholders is always a good thing.

 

There was talks that Boeing itself was insolvent or close before the pandemic

 

At some point, many, many people actually have to go out into the real world to earn a living. How does a "tradesman" work from home? How much money could a plumber earn unclogging sinks from home? How does a carpenter build a house from home?

Smallholder? Like subsitance farming is the answer to pandemic problems in the year 2020?

 

We’re opening an economy that has yet skimmed its fat.

What happened in every recession since the Great Depression? We had thousands of non-essential businesses that vanished, and then, after several years in its recovery phase, the economy slowly gained back the fat it lost.


However, today, said businesses have been put on a ventilator so to speak, and for that reason, we will not see a U shape recovery by year end.

 

More "smallholder/freeholders" does seem like a good thing, but that doesn't sound like it can replace everything else.

 

Tradesmen very often work from home, what an odd question! They don't need commercial premises when they're a sole operator .. they need tools and a van. I don't know where you live, but in this country, most solo tradesmen work from home.

Smallholder/freeholder as in owner operator of some kind of small business, conducted without limitations or obligation from or to a third party (landlord etc). FREEhold, being the operative word.

 

That's thing with a drastic 'correction'. It reveals many business models which only work when conditions are pitch perfect. The slightest disruption and they collapse. I would suggest that these were never going to be sustainable, given that. Probably just the two thirds of all businesses which fail within three years of opening. But instead of slow attrition, they happened all at once.

 

Yeah, but a tradesman is going to have to leave his home(read: break isolation) in order to go ply his trade, right? Like I said, a plumber can't unclog a drain from his home office, right?

Um, no, that's not what a smallholder is.

 

https://www.reuters.com/article/us-...bankruptcy-filings-surge-in-may-idUSKBN23B2K3

"U.S. commercial bankruptcy filings under Chapter 11 of the U.S. Bankruptcy Code jumped in May by 48% from year earlier, marking an initial wave of insolvencies arising from the business disruptions triggered by the COVID-19 pandemic, the American Bankruptcy Institute said on Thursday."

......so