As a disease, Covid-19 is probably not nearly serious enough to merit that kind of response. It's
not nothing, but it's not the Black Death either. Anyhow, now that the quarantine in China has clearly failed, what you suggest would serve mostly as symbolic gesture at this point, to make people feel that somebody somewhere is doing something. The window for containment has likely already passed, and while putting all of society on lockdown would slow the spread of the virus, the costs probably outweigh the benefits. Most likely this is something we're all just going to have to contend with from now on.
The impact is likely to be twofold: first, because state-engineered precarity has pushed citizens and public institutions to the breaking point, the social and economic impact will be much worse in Britain and America than would be the case in healthy societies. On current form, Britain and especially America will respond to this like slobbering toddlers relative to South Korea or even Vietnam. Due to its reliance on private insurance and finance, and Trump-administration cuts to the CDC, the United States
lacks the medical infrastructure necessary to test never mind treat its affected citizens, and the government is already signalling that they are
content to more or less sit back and let nature run its course. The UK will at least try to address the crisis, but the NHS is barely coping as it is, and also probably lacks the capacity to deal with thousands of people suddenly turning up violently ill. In both cases, the political fallout is anyone's guess, but given how (rightfully) disillusioned and cynical most voters have become, it seems naive and risky to assume it all fades with a whimper.
Second, the extent of the economic damage is still uncertain, but there's no shortage of indications that what's coming in the medium term could be serious indeed, again because ordinary people have been
systematically pushed to the breaking point via dreadful fiscal policy; because US/UK/Eurozone austerity has made the West even more dependent on Chinese growth - the epicentre of the manufacturing crisis; because equities and real estate markets are well-known to be significantly overvalued; and because the Central Banks have pretty much exhausted all monetary options just to keep the whole mess afloat.
And, as
John Authers (who is always very wise on such matters) notes, we are only just now beginning to get a sense of what this might mean in the medium term. It might prove the proverbial straw and it might not - but the mountains of corporate/household debt and obvious QE-driven stock and real estate bubbles are not indefinitely sustainable, and when the music stops, the geniuses who brought us austerity at the height of the worst recession in 80 years will have done just about everything they can to maximise the damage.
Some follow-up reading (If I may be so bold)
Containment has failed. And so now we must fight. That means doing everything possible to bolster our healthcare systems BEFORE the need overwhelms the capacity. That means calling out our leaders for their corrupt political responses to date, and forcing them through our outcry to adopt an...
www.epsilontheory.com
The CDC's Don’t Test, Don’t Tell policy came crashing down last night. So did Trump’s “buh, buh the flu” and "Yay, Containment!" narratives. Now let's get to work preparing for the fight to come. Not in panic. Not in fear. But with resolve, sacrifice and righteous anger for those who would use...
www.epsilontheory.com
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www.epsilontheory.com