Unlike most other European countries, Sweden is not increasing its sovereign debt load by 15+% of GDP to keep the citizenry afloat. That’ll feel a lot more important than Covid in 5 years.
We obviously need to deal with both problems concurrently. There are a lot of actions that can be taken which can help one which doesn’t come at the expense of the other, so it’s not purely a either-or decision.
It would be wrong to turn a blind eye to either effect. The death toll is an immediate concern, but so is a functioning food supply chain, and indeed a healthy economy is critically important to everyone.
No having lived through an economic collapse or a hyper inflation event, for example, it may be hard to appreciate how difficult (and deadly) that situation can be.
From what I gather, the scale of current economic damage is seriously compared to the Great Depression in mainstream media[1][2]. Well, the Great Depression brought Nazi into power in Germany[3], WW2 followed and took lives of 70-85 million people[4] to say nothing of the post-war devastation.
Or look at Venezuela for an example of a bad economy in modern times, where "families buy rotten meat to eat"[5].
Also, if you ask families of people who will die because their cancer wasn't diagnosed in time, they will probably consider lockdowns too excessive[6].
[1] https://www.cnbc.com/2020/05/19/unemployment-today-vs-the-gr...
[2] https://news.sky.com/story/coronavirus-economic-cost-and-hum...
[3] https://en.wikipedia.org/wiki/Great_Depression#Germany
[4] https://en.wikipedia.org/wiki/World_War_II
Also, the Great Depression was one of many factors that led to the rise of the Nazis in Germany. The tensions that led to WW2 were brewing for before WW1 even started so don't try to claim that an economic depression caused all those deaths. There are far too many factors to make that claim.
Yes, I think I understand what you're saying.
My point is the harm to the economy directly translates to lives lost too. Bad economy leads to surge in violent crime, opiods addictions, gang violence, lost access to health care...
"... the Great Depression was one of many factors that led to the rise of the Nazis in Germany. The tensions that led to WW2 were brewing for before WW1 even started so don't try to claim that an economic depression caused all those deaths. There are far too many factors to make that claim."
It wasn't the only cause, sure. But it was a huge one, afaik. History isn't a hard science, of course, and I'm not a historian (not even an amateur historian) but this quote from Wikipedia doesn't strike me as particularly controversial:
"The unemployment rate reached nearly 30% in 1932, bolstering support for the Nazi (NSDAP) and Communist (KPD) parties, causing the collapse of the politically centrist Social Democratic Party... Large-scale military spending played a major role in the recovery."[1]
When we all look back in 5 years, then 10, then 15, there will be different "obvious" conclusions drawn. Right now, anyone who sides with any action as correct should have a confidence level that is extremely small.
The more varied the responses, the more we learn as a species, and I am glad that not everywhere assumes they are NYC or Lombardy, and acts in varying ways so that in 5, 10, and 15 years the coming studies have different data points of comparison.