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Experts Think The Economy Would Be Stronger If COVID-19 Lockdowns Had Been More Aggressive
Experts Think The Economy Would Be Stronger If COVID-19 Lockdowns Had Been More Aggressive
Most economists say that early control over the virus would have allowed amore comprehensive return to economic activity later on + put the US in a better position heading into winter
Keywords: us politics, 2020 election, coronavirus, corona, covid-19, pandemic, lockdown, economy, economics, trump, republicans, democrats, 2020
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Health-led responses are keeping the present and the future (health and economy) in mind, whereas the economic-led responses are about prioritising the economic present and hoping for a healthy future. Globally, the economy is going to be very precarious. But recovery (and the potential for new understandings of the economy - I don't hold my breath because the majority are still sluts for capitalism despite all this *gestures everywhere*) will favour, and is already favouring, the countries that prioritised public health and did so quickly.
Well-said
"It could trigger other syndromes (or new syndromes) 10 years from now"
Yep. Last week, Australia's leading neuroscience institute link finding that coronavirus may cause damage to the brain, which is likely to lead to a wave of neurological illness in the future (including Parkinson's disease). It's happened before: five years after the Spanish flu pandemic, there was a three-fold increase in the incidence of Parkinson's disease. The incidence of Parkinson's was already set to explode due to an ageing population - now add 35 million cases of covid-19 onto that. According to one professor, the societal and economic consequences are looking to be enormous.
Also see link. Death toll is not the only indicator - many many people seem to have ongoing issues even months after catching covid-19. It may actually be worse for young, fit and active people due to immune overreaction. These "long haulers" are living with symptoms such as intestinal issues, fatigue, debilitating headaches, loss of sight and incontinence.
As you said, countries that didn't properly lockdown for the sake of the short-term economy have taken a massive, blind risk in terms of the economy for the coming decades.
"and the potential for new understandings of the economy - I don't hold my breath because the majority are still sluts for capitalism despite all this *gestures everywhere*"
Lmao the bullshittery of this year made me finally see the (anti-capitalist) light and I don't think I'm alone. link, link, link.
But seriously. Like there is little to no regard for the working class and poor. Retail and food workers (and overworked hospital staff) are getting screwed over in terms of both wealth and health. And wealth and health are very closely linked in the covid era.
Yep. Also one of the problems of non-universal healthcare is that a whole bunch of Americans lost their job - and thus their healthcare - in the middle of a pandemic
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