Economic Suicide in Lockdowns

Belgius Capital Commentary

Belgius Capital

Economic Suicide in Lockdowns

As the days and weeks slowly pass, boredom and anxieties rise together with the summer heat as more and more people begin to question the rationale of the lockdown. As reports about the coronavirus become clearer, that while highly contagious, it is not the ‘grim reaper’ that some sensationalize, but rather a virus that severely and particularly affects those with already compromised health problems, the obese, the elderly and those with certain rare and peculiar immune characteristics. It is not nearly as bad as some in the mainstream media would have had us believe. That is if we begin to read the editorials in the Washington Times, The Business Insider and listen to Tucker Carlson at Fox or some of the more informed documentaries from other international news channels.

“The coronavirus is real,” quipped the Washington Times, “the response is hyped and politically hoaxed.” It also branded the COVID-19 as one of the political world’s most shamefully overblown and irrationally deceptive flawed responses to a health matter in American history. Further, it would seem the narratives are directed from ambitious medical professionals with possible ulterior motives, who have no business running the national government nor the economy. These are the same experts that predicted that between 100,000 to 250,000 Americans would die in March, supposedly based on a computer model. The month of March came and went, as did April, and as Dr. Fauci later admitted, computer models are flawed and overestimate the situation.

The Business Insider went further by proposing that it’s okay to go out. “The risks are relatively low and the benefits of fresh air and sunshine are endless.” So yes, it is ok to take a walk or enjoy a nice run or jog to boost your immune system. Lethargy at home watching Netflix and gorging on junk food makes you more vulnerable to the virus.

But let us factor in the numbers since data doesn’t lie. As of April 28, the mortality rate in New York is 143 per 100,000 compared to that of California, which is 46 per 100,000. Both have the same policy lockdown yet very visible differences in the outcome. Sure, New York is denser than California but that doesn’t explain the difference. Because there is growing evidence that the degree of quarantine regimes has no impact on mortality rates. Let us revisit then other states to see if a pattern exists:

  1. California: Heavy Lockdown, 4.6 deaths per 100,000
  2. Iowa: No Lockdown, 4.3 deaths per 100,000
  3. Texas: Light Lockdown, 2.4 deaths per 100,000
  4. Washington State: Heavy Lockdown, 10 deaths per 100,000
  5. Colorado: Inconsistent Lockdown, 12.2 deaths per 100,000
  6. Maine: Heavy Lockdown, 3.8 deaths per 100,000
  7. Massachusetts: Heavy Lockdown, 45.7 deaths per 100,000

Overseas, Sweden, which has one of the least restrictive lockdowns in the world with business, schools, malls and gyms open, has a mortality rate of 22 per 100,000 (nearly the same as Massachusetts).

Draw your own conclusions, but – was the lockdown necessary to put a full stop on the global economy. With the experts getting their estimates wrong at the expense of putting everything and everyone on halt, was it worth losing your job or ceasing operations of your business or the place where you worked? The next question is, can we all recover from the media-induced hype, the fear, the atrocious mistakes, distortions and lies?

It is now becoming clear that we responded to this epidemic with too much fear and much too little data and scientific findings.

As it is, many millions are now unemployed and many more millions underemployed. Some major industries and sectors of the global economy so damaged that some may never recover. The economic and phycological cost is potentially so enormous that the collateral consequences of this virus will probably kill far more than Covid19 ever could over the coming months and years.

Who wins? The same people who issued the lockdown.