Links to Other Blog: Mar 22, 2020

Here are links to a few recent posts on the Coronavirus pandemic in USA.

Inept Western Response to COVID-19 Will Result in Public Backlash: 1

The response in USA to this pandemic has similarly been pathetic and comically inept. They have closed down the livelihood of over 100 million people (most of whom live paycheck to paycheck) without offering them prompt economic relief in the form of no-strings attached governmental money. They are still pretending that young people have the same risk of death from infection as boomers- something, which is going to backfire real soon. They are trying to bail out corporations without making sure that average people are bailed out first. They have offered no timeline for the return of normalcy. They have offered no hope to people in the form of of-label use of drugs which might reduce mortality in high-risk groups. Trump promoting Hydroxychloroquine or Chloroquine + Azithromycin to reduce viral loads and thus mortality is the probably the only good thing that has come out of the government, so far. And ya.. there is enough evidence that these drugs have some therapeutic effect- especially if given early.

USA Will Likely Suffer the Most Damage from Coronavirus Pandemic: 2

Regardless of what he does within next 2-3 weeks, the american economy will enter a steep recession with economic contraction of somewhere between 15-20% in next few months. And no.. these are not the feverish dreams of somebody who wants to see USA fall, but conservative figures floated by people working in supposedly “respectable” banking institutions. I would not be surprised if the economic contraction (and unemployment rate) reached 30% for almost a year. This is great depression territory and much more deeper as well systemic than the GFC of 2008. You know something else, mass unemployment in a country with a functional social safety net at that time was a very important factor for the rise of Hitler to power. And not just him, since almost every strongman of the 1920s-30s (from Mussolini and Franco to many others in East-European countries came to power in the aftermath of mass unemployment and disillusionment with existing institutions and the status quo.

USA Will Likely Suffer the Most Damage from Coronavirus Pandemic: 1

It is, now, almost a given that there will be an economic recession in this country within the next three months. Sure.. Trump’s fucking up things will make it worse, but it would have been pretty bad even if a semi-competent loser such as Obummer was in office. One cannot just shut down or reduce the activity of so many businesses sectors (airlines, hotels, other tourism related business, restaurants, shops etc) without causing a serious economic downturn. Unlike during previous eras, most jobs in this country are now in the service sector. Did I mention that these jobs offer low job security and poor pay? To make a long story short, most people in the service sector and other business dependent on it are not going to get paid soon- which is a problem since over 60% of people in this country don’t have enough savings to cover their next month’s rent or mortgage payment. And it gets worse.

Enjoy!

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