With the UK on strict lock-down after a reaction to the Coronavirus based on a model by Professor Neil Furguson, a person known for his inaccurate predictions using flawed models, that included the culling of thousands of healthy farm animals during the foot and mouth epidemic of 2001…
The question is being asked, is this a massive overreaction to a flawed professor with known flawed models?
The economic costs are rising exponentially each day, as businesses are forced into closure being unable to produce or acquire the goods required to do so.
Now I know what you are thinking, hell I think it myself, lives are more important than the economy but, and this is a big but, the economy is what makes our lives more than just existing.
Be you rich or poor, banker or jobseeker and old or young its the visits to your local coffee shop with your family, the purchasing of items from stores to pass onto a friend on their birthday, all these seemingly insignificant little joys of life are what makes life worth living.
These little things, the card shops, the coffee shops, the economy, in general, will not continue to exist at the exit point of the virus if the lockdown continues for much longer.
When all the fun things to do in life, typically provided through a robust, booming economy no longer exist, are we living or just simply existing?
The amount of debt that the world is going to see is going to be so spectacular that we could very well see current 1st world countries returning to a time more akin to a poor 3rd world one.
The cost to health, standards of living and survival will be astronomical so the question remains, at what point is the supposed cure more dangerous than the virus itself?
Brandon O’Neil and Peter Hitchens both share these sentiments, in fact, it was a discussion between these two that really highlighted the potential pitfalls of what could be a massive overreaction to flawed data.
In a podcast (available at https://www.youtube.com/watch?v=zmLQmzsqtB4) the discussion really made me begin to look more seriously at the economical impacts set out before us. Economical impacts that could very well have dire consequences to health and well being.
With the NHS already in dire straights now, it is going to be all but blown out of the water when the money dries up because the economy is dead and as already mentioned earlier, following this is a dramatic decline in the standards of healthcare, if there is even any to be had.
Their discussion certainly left me asking myself why I was so quick to fall in line, I feel like one of the sheeple who just follow their masters to the slaughterhouse without once asking is this the best response?
I am neither a medical expert nor an economist but you do not need to be either to recognise that you need a good economy to promote and provide good health and right now it seems that both are being attacked simultaneously, one by a virus and the other by a government with power like we have never before seen under the guise of protecting life.
Did the government react too hastily? I would wager so but in their defence, like the rest of the world, they were caught with their pants down in a situation only China knew was coming.
This is not to say I don’t trust the government to get us through these weird times but my concern is at what cost that will be?