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by euudheehdy
2123 days ago
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Most of the terrible economic outcomes have been due to the lockdowns not the actual deaths. Losing 1% of the population isn't a massive economic blow when that 1% is predominantly composed of no and low income groups, it is however a moral blow. The difference is important however because, while early on total lock-downs made sense, the reality is that if only 1% of the population is at risk of death then the other 99% should be working to minimize the cost of supporting the most vulnerable in countries where a full viral suppression is unlikely. |
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> Most of the terrible economic outcomes have been due to the lockdowns not the actual deaths.
First, it's not lockdowns vs deaths. The biggest factor by far in the US was the existence of the virus. https://privwww.ssrn.com/abstract=3631180
"While overall consumer traffic fell by 60 percentage points, legal restrictions explain only 7 percentage points of this. Individual choices were far more important"
But you don't need a fancy study. States that didn't have lockdowns saw similar economic declines to other states, even though they should have experienced a boom on the border as people traveled in to do business if it was the lockdown.
Second, deaths are not the only cost. People get sick, too, and it's a pretty big deal for many of them even if you don't see it on TV. It's possible they'll have permanent organ damage and shorter lives. Those people call in sick, or worse, they go to work and get others sick.
Third, if you let it get out of control, you overwhelm the hospital system. It's hard to see how that helps.