It seems like the sentiment expressed in the sentence "we would not be having this conversation" implies that the current situation is not desired or acceptable, and that it may be appropriate to terminate the conversation or proceed differently. Such a statement could be used to justify ending a discussion, expressing disappointment or frustration with the topic, or indicating that further discussion is not necessary or appropriate at the moment. This sentence could potentially be used in a variety of contexts, depending on the circumstances and the message being conveyed.