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by acdha 1317 days ago
First, while the death rates were highest among the oldest people there are still a ton of people who were not close to death anyway. It’s also not true that losing older people is necessarily neutral - economies do better when money circulates, not when it’s tied up in a lump sum going into someone’s retirement account.

Note also that I mentioned people who were impacted but not killed. Again, there are millions of people in prime economic years who became substantially less productive - and someone in their 20s or 30s might be missing key career steps which will lock in much of that permanently. Similarly, there are millions of people who stopped working or started working less to care for the previous groups. All of those have a significant economic impact.

Finally, maritime shipping wasn’t shut down, certainly not for “years”. It was significantly disrupted by the disease but that wasn’t a policy choice.

Air travel (notably not cargo) was restricted for months, not years at the global scale, but it also bounced back quickly thanks to heavy government support in most countries. I don’t think it would be enough to explain the economy on its own as a lot of business went virtual and people found domestic outlets for the money they’d have spent on international travel.

Finally, I’m not saying that there was absolutely no impact from policy but rather that some people have had a tendency to blame policy more than the actual disease, or ignore the benefits from those choices. We saw this a lot with groups like restaurant owners where lifting safety measures didn’t improve business as much as they’d hoped because many of their customers didn’t want to engage in high-risk activities, or especially when their outspoken political positions drove people to competitors. In many ways this is natural: people want to believe things could have been better by choice because then they can imagine it being better if they were in charge.