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

>Can’t we all just

Any economic proposal that starts with these words can be safely dismissed. All it takes is for one country to ignore the agreement for it all to fall apart. And there would be incredible incentive to do so.

Even if you could force compliance through military action, you can’t “pause” the consumption of food, hospitals, pharmacies, police, utilities, etc. If you tried only “pausing” part of the economy, once you map out the chain of dependencies, you’d quickly realize how linked these are to every other industry.