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by toyg
2290 days ago
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IMHO it’s futile to try to keep the economy “on the up” at a time like this, we’re basically throwing good money into a fire. Just take the hit and try to keep people alive; as soon as the emergency phase is over, the market will rebound on its own. Humanity existed before capitalism, surely it can live a few months without it. |
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However, symptoms and mortality rate have been exaggerated by the media, causing more panic than necessary. If a wave of Influenza would get the same attention and monitoring, it would expose similarly shocking stats ("exponential" growth, and around half a million deaths yearly). Yet there are very few measures actually taken by governments there, because it's difficult and basically an uphill fight.
For what it's worth, note that alleged mortality rates for COVID-19 are in fact just very rough upper bounds, since there is no systematic testing happening yet on a large scale. The closest to that is probably South Korea, where deaths make up less than 1% of confirmed cases. In contrast, Influenza mortality rates are always based on estimations, not just on documented infections.