The #lockdowns were necessary as we were facing a potentially cataclysmic health disaster, but they are not a viable solution for even a few quarters. The economic data coming out for the #USA and #EuropeanUnion are painting a picture of a massive #EconomicCrisis.
How many companies can continue to operate at low to no levels of productivity? What retail shops? What restaurants, coffee shops, and bars can withstand this? How many businesses will utterly disappear and with them jobs that won't come back?
The process for finding effective treatments takes time that cannot be compressed, regardless of the level of urgency, so until one or more is discovered, the world needs another solution.
Those who are found to have the virus must be quarantined & everyone they have been in contact with identified & tested. This means the use of mobile apps and making tests widely available, putting in place a process for frequent testing of as much of the population as possible
Forcing extended lockdown on people will not be met with compliance. Governments that do not come up with viable solutions are likely to face a full-scale revolt of their residents who are unlikely to consent to financial ruin.
You can follow @EllesEconomy.
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