The continuing erosion of the middle class isn’t a good thing. Expect populist political rhetoric to continue growing.
The continuing erosion of the middle class isn’t a good thing. Expect populist political rhetoric to continue growing.
Your average person doesn't fear flu-like sicknesses. It's an inconvenience, yes, but that's about it.
> long term side effects
Again... according to CDC/WHO the average person completely recovers in 2 weeks. Yes, there are cases where permanent lung scarring was observed, but AFAIK that's super rare and has to do with the type of pneumonia synergizing with covid, not covid itself. I'm sure you can dig up other cases where long term negative effects are observed... but it seems rare compared to the normal recovery scenario. Do you have a source showing that the average person should fear developing long term side effects?
With that said, this is going to vary by region. There is absolutely a large percentage of people wanting and willing to go eat indoors at restaurants right now, I just don't think that number represents a majority.
Schrödinger's virus: We need lockdowns to save everyone but even if we didn't have lockdowns nobody would go anyway but we still need to lockdowns.
This argument always seems completely untenable for me. It's highly improbable that the level of fear hits the sweet spot where without lockdowns it's not enough to prevent the spread, but enough to ruin the economy.
We are producing less stuff because of the pandemic, which means there is less to go around (however it gets allocated), and no amount of money will change that.
> We are producing less stuff because of the pandemic, which means there is less to go around (however it gets allocated), and no amount of money will change that.
A large fraction of that stuff is not strictly necessary for anyone's survival, especially in the short term. It's various degrees of "nice to have." Too see this, look at the kinds of rationing they did in WWII.
A successful COVID containment strategy would have identified the truly essential vs nice-to-have parts of the economy, and temporarily shut the latter parts down while supporting all affected workers in those sectors with payments sufficient to provide all needed access to essential goods and services for the duration (including housing). That wouldn't work as a permanent economic policy, but it would work as a temporary coordinated response to time-limited crisis.
Honestly, that sounds like hyperbole. You'll have to give examples, and not something like retail or restaurants. Honestly, with a little imagination and expertise (and most importantly the political will to deal with the problem), I think it doable to make the legal changes necessary to pause most business like that with little damage, just as long as the aid is there. For instance, make 2020 something like an intercalary year. IMHO, this stuff only seems impossible if you tie your hands and restrict yourself to a limited number of first-order interventions.
The situation we have now is something like an ER doctor who's too busy playing on his phone to save the life of someone who's been shot, and who then turns around and loudly blames "guns" for that unnecessary death.