Hi everyone,
Speaking as a Catholic, I’d like to defend the Swedes. Here’s why.
First, we’re all undertaking a dangerous social experiment here: we’ve basically stopped the wheels of capitalism turning worldwide, for all but a few essential services, for a period of several weeks, and it looks like there’ll be rolling lockdowns over the next few months. And if you think we can bounce back with a V-shaped recovery, then you are deluding yourself. The consequences of the COVID-19 pandemic will be felt for a generation, just as they were with the Great Depression. Here’s financial advisor Danielle DiMartino-Booth being interviewed by Patrick Bet-David (10-minute video):
Things will never be the same again. There will be thousands and thousands of small business closures, thousands and thousands of suicides and millions of wrecked lives, because of the economic disruption caused by this pandemic. It will take a long time before people feel confident enough about their lives (and their money) to hop on a plane and fly overseas, or stay at a three-star hotel for the weekend, or eat at a nice restaurant, or shop for fancy clothes - the little things that provide jobs for millions of people in America. In the meantime, millions of people have lost their income. People are HURTING. And, I might add, many people who are sick from other illnesses are finding it hard to get medical treatment.
In case you’re still thinking that life can rebound to normal after the pandemic, ponder this. In 1969, NASA sent men to the moon with minuscule computer resources. They had to use human calculators, for heaven’s sake. Now, in 2020, even with supercomputers at its disposal, NASA is no longer able to send men back to the moon. Why? It’s lost too many skilled people. When skilled people disappear and jobs disappear, things that were possible before now become impossible. That’s how it will be with the global economy.
So why are we making this huge sacrifice? Supposedly, it’s meant to save lives: if we do nothing, millions will die, whereas if we do something, only a few tens of thousands will. At least, that’s what we were told. But while I was reading an article by Ross Clark in the “U.S. Spectator” this morning, I came across a link to a leaked Homeland Security report [note: I’ve sent a note to Snopes asking if it’s genuine and am awaiting results, but I presume it is, if an American magazine is quoting from it], projecting the total number of deaths in the U.S. under various scenarios, including the do-nothing option (unmitigated) and a “Steady State” option (school closures until summer, 25 % of people teleworking, and some social distancing) followed by a 30-day shelter-in-place scenario. Guess what? Under the former policy, 300,000 people will eventually die, while under the latter, it’s “only” 200,000. Not much difference. Saving 100,000 American lives by ruining tens of millions of lives and imperiling the very future of global capitalism does not sound like a very intelligent policy to me.
Of course, the reply will be that the latter option will free up more ventilators. But that assumes that people who are severely ill with the virus should go to hospital in the first place. Why do we keep assuming that everyone has to die in hospital? What if the government simply told people who were sick with the virus to stay home? That would solve the ventilator problem. Severe cases would suffer for a week, with many thousands of them struggling to breathe from pneumonia before passing away - but society would survive. And that’s more important. Life has to go on.
The Swedes realize this. And they’re not foolish: many of them are already practicing social distancing anyway, and elderly people in Sweden are much less likely to live with people from younger generations, as they’re highly individualistic. Also, Sweden’s population density is low, and Stockholm is a lot less crowded than London. But the important thing is that businesses are still open. Will American capitalism go under? I don’t know. But Swedish capitalism won’t. (Sweden, by the way, is far less socialist than most of its fans think.)
In any case, there’s a vital reason why the Swedish experiment has to go ahead. A few weeks ago, there was a dispute within the British government as to whether it should go ahead with a full lockdown or try to build up herd immunity instead, as some experts were urging. After Prime Minister Boris Johnson got ill and nearly died from the virus, the whole country swung behind a lockdown. But we still don’t know if that’s the best way to go, long-term. Perhaps building up herd immunity would be a better idea. To settle the matter, we need a control group which tries out that experiment. That control group is Sweden. If any country can make it work, Sweden can. If it fails in Sweden, then we’ll know in future that lockdowns are better. In any case, Sweden is making a vital contribution to scientific knowledge, and I would strongly urge them to stick to their guns until the end of June, by which time they should have acquired herd immunity.