Staying quarantined until a vaccine is available is likely not a sustainable plan.
Staying quarantined until a vaccine is available is likely not a sustainable plan.
'Crushing' the curve and getting back to contact tracing levels is one. 'Flattening' and avoiding Lombardy is another.
I was hoping we would have used the time to have massive testing programs by now in the US, to follow Korea's example, but that hasn't happened at all.
Paul Romer's plan is my favorite but the country has seen little progress since he proposed it https://www.newyorker.com/news/q-and-a/paul-romer-on-how-to-...
I've argued with many people who firmly believe it is worth burning the economy to the ground in order to "save lives". Eventually, the argument distills down to: "Do you care more about corporate profits and bankers and billionaires OR peoples' lives?"
When supply chains stop how will the lowest of the lowest on the ladder cope?
"About 265 million people around the world are forecast to be facing acute food insecurity by the end of this year, a doubling of the 130 million estimated to suffer severe food shortages last year." [0]
Excess death because overrun hospitals should never happen, but the global perspective is horrifying and will never give any easy answers.
[0]: https://www.theguardian.com/world/2020/apr/21/global-hunger-...
People have to feel like eating at a restaurant is safe for being open to matter.
This is not brought up enough. There's a family of immigrants in my neighborhood from Sierra Leone, and the mom is so terrified of covid-19 that she won't let her kids go out and play, or even go to the local elementary school for free meals (they are on government assistance). We've delivered them food because of this fear. I've tried to explain that kids are at low risk and that it's probably worse to keep them locked inside for months vs. letting them play out side, but alas, the fear is too strong...
It goes down to - do you want to save lives of wealthy - usually old middle class people in 1st world countries who can "afford to quarantine" or do you want to save more lives of people who are going to starve, become homeless or die due to massive economic disruption this extended quarantine is going to bring upon.
It's only middle class pencil pushers who can quarantine at will semi-indefinitely and work from home who think extended general quarantine is even a viable option in the first place.
"VISCUSI: If you multiply the 1 million lives saved [Trump], and if the lives are worth $10 million each [OHSA], the result is $10 trillion. … Ten trillion dollars is half of the U.S. GDP, which means that in order to justify completely opening businesses back up, the economy would need to lose half of its value."
https://twitter.com/AndyBiotech/status/1241741127205572609/p...
But feel free to add the 38% USG pensioner discount (or 100% if you care).
You'll still come out at a very, very large number.
You'd have to argue why its suddenly OK now.
You can also argue to discount children - where I live, we make them by the dozen. It is less applicable to COVID-19 through.
But VSL the correct framework because its based on the premium the average American at large puts on jobs to compensate for the risk of injury or death.
What could be more democratic?
But $10T is such a large envelope that even if you added the granny discount, you would still come out at an enormous fraction of USA and hence world GDP.
Germany is now trying to feel its way to a best possible compromise of somewhat lesser/better targeted restrictions that still keep R<1.0 and, thus, the virus on track for elimination.
Flattening the curve just below hospital capacity is shown to be dangerous because you cannot control the infection rate with sufficient precision, causing slipups and second, third, fourth waves necessitating repeated longer lockdowns. All in all this damages the economy more because of the panic it periodically creates, repeated longer lockdowns (albeit maybe not as strict) and the uncertainty. There is always another lockdown looming just a few bad numbers ahead. Flattening the curve is sooo March 2020 ;)
Places like NZ are looking at total eradication, but the rest of the world will most like just have this spread through our populations before any effective treatment of vaccine is produced. Countries like NZ .. might not ever be able to open their boards again.
If the antibodies don't last long, yes we could see reoccurances for the rest of our lives. It's in our environment. It took 20 years of very big vaccination efforts to eradicate smallpox. Sure we have better technology now, but to think we can eliminate this in less than a year is hubris.
I wrote this post last week, about how we might just be in denial that our life expectancy might now be lower, and how we might need to just come to terms with that:
https://battlepenguin.com/politics/this-is-not-a-time-of-hon...