Lots of truth in JP’s sardonic wit.
Three months ago, Dr. John Ioannidis of Stanford University predicted dire social consequences if states enforced social distancing measures to curb a virus scientists didn’t yet understand.
“I feel extremely sad that my predictions were verified,” Ioannidis said in a recent interview with Greek media.
“There are already more than 50 studies that have presented results on how many people in different countries and locations have developed antibodies to the virus,” Ioannidis, a Greek-American physician, told Greek Reporter. “Of course none of these studies are perfect, but cumulatively they provide useful composite evidence. A very crude estimate might suggest that about 150-300 million or more people have already been infected around the world, far more than the 10 million documented cases.”
Ioannidis said medical data suggest the fatality risk is far lower than earlier estimates had led policymakers to believe and “is almost 0%” for individuals under 45 years old. The median fatality rate is roughly 0.25 percent, however, because the risk “escalates substantially” for individuals over 85 and can be as high as 25 percent for debilitated people in nursing homes.
“The death rate in a given country depends a lot on the age-structure, who are the people infected, and how they are managed,” Ioannidis said. “For people younger than 45, the infection fatality rate is almost 0%. For 45 to 70, it is probably about 0.05-0.3%. For those above 70, it escalates substantially…”
“Major consequences on the economy, society and mental health” have already occurred. I hope they are reversible, and this depends to a large extent on whether we can avoid prolonging the draconian lockdowns and manage to deal with COVID-19 in a smart, precision-risk targeted approach, rather than blindly shutting down everything…”
There’s little question that the lock-downs have caused widespread economic, social, and emotional carnage. Evidence that US states that locked down fared better than states that did not is hard to find.
Though not yet certain, the COVID-19 pandemic may well turn out to be another example of central planning gone wrong.
As I previously noted, it’s a sad irony that many of the greatest disasters in modern history—from Stalin’s “kolkhoz” collective farming system to Mao’s Great Leap Forward and beyond—are the result of central planners trying to improve the lot of humanity through coercive action.
“This is not a dispute about whether planning is to be done or not,” Hayek wrote in The Use of Knowledge in Society. “It is a dispute as to whether planning is to be done centrally, by one authority for the whole economic system, or is to be divided among many individuals.”
[In late 1968]…the Hong Kong Flu was sweeping through the country, eventually killing around 100,000 Americans, most of them over the age of 65, at a time when the United States had more than 100 million fewer people than it does today.
Life went on as usual. Schools, churches, and businesses remained open. Neighbors held backyard barbeques, Scout troops continued meeting, we shook hands and shared hugs
When we compare ourselves to the British who endured the torments of the Blitz or to the Americans who seemed almost oblivious to the Hong Kong Flu, why are we so terrified of this virus?
Let’s get this under control and protect workers for sure. But this is also an ideal opportunity to get some very important data regarding factors which influence spread within these meat plants and within homes/contacts of these infected workers.
We desperately need data to validate the reliability of various antibody tests on the market, those approved, waived and unapproved. I would encourage local/state governments to partner with universities to acquire this vital information.
And these cluster outbreaks are a perfect setting to get more information regarding true number of asymptomatic cases, how long people are pre-symptomatic and timing of immune responses to infection.
“…elderly people and those with chronic ailments are extremely vulnerable to COVID-19. Furthermore, the disease is highly transmissible, which means it could spread like wildfire and overwhelm hospitals without extraordinary measures to contain it. This would greatly increase its death toll.