How To Break the Covid Doom Loop

Yves here. While this proposal sounds more realistic than other schemes on offer, I still wonder if it would work all that much better than the shambolic approaches in countries and communities where Covid has settled in. And on top of that, we have the sobering spectacle of countries in Europe that had gotten infection rates down now seeing troubling upsurges.

In other words, I keep coming back to the notion that the disease is in control and it takes pretty stringent measures to lower contagion rates. This proposal does have the appeal of reducing uncertainty, since the populace would know in advance when restrictions would be in place.

However, I regard the authors as way too optimistic about the effect of short stringent lockdowns (two weeks??). And even if the weight of the law were put behind these two week lockdowns, it seems likely that the effect of “off-on” lockdowns is that people will simply crowd dangerous activities in “on” period, rather than spreading them out more over time. Is that really any sort of gain? I also see the authors as way too optimistic about contact tracing, which seems to work only when you have free, fast, and readily available tests, a citizenry is willing to respond quickly to tracing inquiries, and a pretty low baseline of infections.

And where is the income support?

The big problem, particularly in the Anglosphere, is not enough people are willing to follow rules. Too many people equate putting others at risk and being a scofflaw as an inalienable personal right.

Keep reading this article on Naked Capitalism (Yves Smith) - Blog.

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