There is a very delicate balance to be struck here between public health measures and staving off economic collapse which exacerbates the public health problem and nobody knows if that balance is achievable. It may not be, the indications are that it probably wonât be. The point is that swift, draconian action early on internatioon a co-ordinated international level might have had some chance of preventing the public health problem getting so bad that economic collapse was avoidable in the longer term but that may not be possible now and without draconian action now a severe economic crash is likely anyway.
Iâm very focused on this virus at the moment. Iâve a business that will be affected, hopefully not too badly, but it definitely will be affected. Weâve already lost bookings and are considering cancelling a summer project we have run for the last few years. Iâve also got a relative who is over 70, with an underlying condition who is currently in Beaumont. Iâm getting a fairly clear view of most of the negative effects of this I think.
Shut down unnecessary travel, close schools and universities. Cancel sporting events. Shut down mass gatherings of any type until such point the virus is in regression.
Iâve been unable to work for the last few weeks as my job entails a lot of travel and companies simply arenât booking me, theyâve frozen budgets and are just not looking for consultants. Iâm ok with that.
Iâm with you in the business side, there wonât be a poster whoever posted on here who didnât have someone elderly in their lives, often ailing ones.
Fear will still cause more damage than it will ever fix
The horse has long bolted. The only hope we had was if China acted earler and locked down Wuhan. Thereâs no more chance of stopping it now than stopping a seasonal flu. We can slow it down though as you say by imposing strict travel bans and bans on mass gatherings. Most countries were far too relaxed about it though, if travel restrictions were put in place earlier at least it would have bought some time to plan and implement ramping up health care facilities, etc. As it is many countries are just going to be overwhelmed.
On top of all this upheaval, the Saudis have turned on the oil taps. Putin is going scorched earth on the US oil industry. He may end up getting scorched badly himself. The political consequences of all this are unknowable but could be massive. It could end up with the overthrowing of dicators and despots. But it could end up in the end of democracy in the west as we know it. This is going to be a seismic world event in a lot of different ways.