Given my work in financial markets, I followed the Covid crisis through financial media and focussed mainly on its impact to world economy. Stayed away from traditional media ( @CNN @MSNBC @FoxNews) given their political agenda.
@frontlinepbs coverage today made my blood boil
Some thoughts:
1) I keep hearing now is not the time to play the blame game and we need to focus on getting out of this crisis. I think we are more than capable of walking and chewing gum at the same time. Our lack of preparedness in response to this crisis has been appalling....
2) There has been failure at several levels of the federal government through pure negligence and politically motivated reasons. @realDonaldTrump deserves total blame for denial to take this seriously and set the response tone from the top. As a leader, the buck stops with him..
3) After following the conditions in Wuhan in Jan 2020, the federal government sat on their heels and did nothing as the crisis was on foreign shores.That was the time to invoke Defense production act and use to shore up our supplies of PPE and ventilators...
4) Country the size and stature of USA has to have a pandemic response plan ready with regular simulations being run. Jan 2020 would have been the perfect time to shore up that plan to needs of this particular infection. We can have active shooter drills in school but not this?..
5) Assuming Jan 2020 is when federal government was made aware of this virus (reports state it could have been Nov 2020), @CDCgov should have immediately built an infrastructure for testing using both foreign and local tests. Critical time was lost in Jan/Feb due CDC failure...
6) This delay coupled with denial from the president and HHS made the spread of this virus impossible to contain. Washington being the first state to record community transmission had made it clear regarding the dangers of this virus..
7) this is where the mistrust in traditional media played a big part in making the outbreak worse. Through their own making of politically motivated journalism and made much worse by the president‘s rhetoric, there was no source of accurate information for people to follow...
8) Mistrust in government officials, political leaders, journalists and partisan politics made America one of the hardest hit countries in this crisis. Historically America has united in crisis times as witnessed during 9/11, Hurricanes.
This time it didn’t...
9) What made me more angry than any of the failures of the federal Gov was the absolute failure of our supply chains and our reliance on foreign manufacturing. We have amazon who pioneered one day delivery, Walmart who has the best SCM system but we couldn’t mass produce masks?..
10) If this lesson does not force governments to look into domestic manufacturing nothing ever will. Free markets have failed us as companies chose to maximise their bottom lines through outsourcing while us vulnerable on our one shores. Now we turn to government for help?..
11) Another important lesson to learn here was how bureaucracy at the FDA delayed ramping up of domestic testing. Yes we need to focus on quality over speed but some of the restrictions listed by @frontlinepbs were absolutely horrendous. Use common sense. It’s a free tool!..
12) As I end this thread, I think of the future and we will come out of this. We always have. I hope we see an America 2.0 that learns from its mistakes. I believe in Capitalism to take us there but not in its current format...
13) We need a robust government framework within which capitalism can thrive. We need elected officials who believe in science. We need transparency on political contributions. As an immigrant who cannot vote, I can just hope my fellow citizens make a responsible choice. END.
4)
You can follow @vikrant16.
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