It's far to easy to dismiss the effects if we see it "only" hurts <1% of people; which is why people feel the need to constantly reinforce the negative impacts.
Economic devastation from lockdowns is clear. Economic devastation from a virus that primarily hurts the elderly is not clear to me.
Again, I'm not making any points about the value determination of lives saved vs GDP saved, only asking how you quantify the economic impact of a virus.
Imagine 1% (or 0.5% or 0.2% or whatever) of planes crashed. How well do you think the airlines would fare? How many people would still fly?
1% is an insanely high number of deaths.
If they were dying in bus crashes, people would notice.
> 1% is not insanely high, it's roughly how many people die each year.
So another percent on top of that is a doubling. As many people again dying from Covid-19 as die from all other causes. How is that NOT “insanely” high?
Without hospitalization a fair number of the 9% that is hospitalized but won't die will instead just die. This is why you see death rates of close to 10% in areas like Lombardy or NYC where the hospital system was overloaded. And even if they don't, they're too sick to go to work. Most industries will have serious problems if 10% of employees call in sick. Then there are issues with people who have non-COVID illnesses (say car accidents) who won't be able to find beds because all the hospitals are filled with COVID patients.
When #FlattenTheCurve came out people had very legitimate criticisms that centered around them doing the math and computing that if we flattened the curve enough to avoid overwhelming the hospital system, we'd be locked down for the next 20 years. Realistically, the only solution was to lockdown, social distance, and wear masks long enough for a vaccine to come out, then vaccinate everyone who hadn't already gotten it. It looks like that'll actually be the outcome in wealthy coastal areas like the Bay Area or New England, but in the middle of the country we'll just overload the hospital system and see what happens.
It doesn't matter how much you overshoot medical capacity, because as soon as you do, death rates go way, way up.
"Everyone I disagree with is either acting in bad faith and trying to manipulate people or is a rube who's being manipulated. All of my opinions come exclusively from rational philosophical means achieved independently of any external media influences."
If the healthcare system gets overwhelmed the damage is longe term because doctors and nurses will die and it takes along time to replace them.
The UK NHS is recruiting at the moment, in the most visible campaign I can remember. I'm wondering if this is linked - certainly I wouldn't want to be faced with the upcoming winter in a medical role dealing with this, given what happened in March to June this year.
The economy is not the only thing that matters, and if children can have their grandparents for another 5-10 years, then that's massively important to them, while being irrelevant to GDP.
Full disclosure: Both my mother and my wife's parents are in the age group that is super vulnerable to Covid, and I'd like my daughter to remember them.
Per the CDC: "Overall, an estimated 299,028 excess deaths have occurred in the United States from late January through October 3, 2020, with two thirds of these attributed to COVID-19. The largest percentage increases were seen among adults aged 25–44 years and among Hispanic or Latino (Hispanic) persons."
https://www.cdc.gov/mmwr/volumes/69/wr/mm6942e2.htm
I would argue that "adults aged 25–44 years" are a pretty integral component of the economy and more of them dying than normal is not great.
Demand has dropped off. Whether there are government restrictions or not, people have overwhelmingly decided it’s not worth the risk.
I would say the economic impact is from the fact there is a pandemic. Even Sweden, which tried to avoid lockdowns, still saw an economic impact because people will avoid going out during a pandemic.
The fact that businesses are forced to close, or in the other case, that people would have been forced to work during a pandemic for fear of being homeless is a public policy failure.
My savings rate has increased significantly since Covid as I am barely eating out at all due to the risk of contracting Covid via restaurants as well as worrying that the economy could get much worse and wanting to be prepared. I am just an average person so I would assume that there are many hundreds of thousands of people doing the same as me, thus the economy contracts.
My state is essentially not shut down at all, so very little impact is due to government regulations and almost all of it is due to personal spending choices. The less restrictions in place, the more the virus spreads and the less money I spend.
The economy is highly dependent on people spending and many people dont want to spend right now.
I think a better plan is to keep the virus under control, prevent needless deaths and then get vaccinated, especially now when we are so close to a vaccine release. Why risk the lives of tens of thousands of people when we can just all wear a mask and get vaccinated?
No, and there never will be since medicine is not mathematics. But nor is there any reason to believe our immune systems can't deal with this virus like they deal with any other virus.
> Are you ok with 250k deaths a year from covid every year going forward?
250k/7.8 billions = 0.003%. Yes, I'm fine with that.
> Why risk the lives of tens of thousands of people when we can just all wear a mask and get vaccinated?
That's a hypothetical question considering we don't have a vaccine yet and masks are hardly the only restrictions.
A huge amount of people who survive will deal with increased depression, anxiety, etc.
Even though its easy and callous to write off the lives of millions of (easily preventable) deaths with a hand-wave, there are going to be serious and long-term effects for those who didn't die and for their families, jobs, etc...
The current discourse and societal response to the disease seems likely to have as big or larger of a mental health effect than the immediate consequences of the disease itself.
1) Severely reduced in-take of new patients of patients due to lack of beds available (and longer COVID recovery time)
2) Reduced ability to effectively care for other patients due to limited beds and transmissibility of the disease, and workforce reductions as healthcare workers get sick (this is not a hypothetical, this is happening in the hospital my wife and brother work at).
3) Forcing healthcare works to perform their jobs without subsequent PPE for their own protection, increasing their own health risks and creating serious issues for mental well-being when working in this environment day-in and day-out.
The healthcare system is designed to treat patients. Believing the system is not exceeding what it can handle because somehow "the system itself" is not damaged (which I'm not even sure what you mean by that) but dismissing patient care and outcomes is like evaluating a vehicle's crash rating, but not evaluating the damage to the vehicle occupants.
Secondly, that is exactly what triage is! People die, doctors are trained to decide of a group of people which are dying, who has the better chance of not dying.
I would be interested in seeing if there is data to say whether being put in the ICU actually _increased_ risk of death. Of course this would be hard to prove as only the most sick went to the ICU etc.
I think your definition of "what they are capable of handling" (for some reason I can't reply to your other clarification of this definition) isn't one that many people would think is a good one. It may be technically correct in some domain, but this isn't it. Healthcare systems are there to provide healthcare for people, and if they can't do that (as in this situation) then they are incapable of handling it. In addition (in the UK at least, can't speak for anywhere else), this has led to not only ICU capacity being exceeded, but also routine healthcare being diminished - either because of people being unable to visit a hospital, or unwilling to do so.