Do you have a rough estimate of how much fear-based productivity will be lost in the short term, and how much will be lost in the long term as the market adjusts? Emotional arguments are well and good, but what if it turns out that the economy was in fact running on fear?
There's growing evidence that fear is hugely counterproductive. That's because the relentless stress is causes turns out to be an inhibitor of economic growth, rather than an accelerant. If the economy is, in fact, being run on fear then it's safe to say that it's seriously underperforming vis-a-vis an economy in which people generally felt happy and secure.
