If “value” and the economy are essentially man-made, why can’t the world just sort of… Hit pause to avoid global economic crisis?

Question

I know there must be reasons and this is a dumb question, but I’m a bit of an abstract thinker and have trouble grasping it from a big picture presepctive. Can someone break this down for me? Can’t we all just kind of agree to just kind of… Reset some numbers or something?
Sincerely,
I’ve never taken an economics class in my life

In: Economics

Answer 1

We can. The US paused the stock market after a big dip a couple of times recently and closed it after 9/11. France is pausing all rents and utilities bills. Italy is pausing mortgage payments. Jeremy Corbyn, Labour leader in the UK, is asking for the same.

So we can do it. It’s just that in the US our government is so corrupt that they can’t even pass paid sick leave. Capitalism will be the death of thousands and many wont even know why.