This is a situation where much of the global economy is going down if this doesn't stop in 60 to 90 days.
The sick leave programs, either public or corporate, will all fail in a short amount of time when strained by 90 or more days of hyper low economic activity. The US and EU can't afford $2 trillion in sick leave programs every 90 days; especially when the future is unknown as to whether that will continue indefinitely (meaning there is weak production to support the huge costs), the entire financial system collapses if that keeps going.
Sometime in the next few months a decision will have to be made, about going forward, going back to normal life, and accepting the deaths that will occur. This will have to be made by essentially all nations in unison, and or the smaller nations will get pulled along into the decision by the larger nations regardless.
First we need to know how common the virus is among the population, in terms of how many people are walking around with few or no symptoms. Some large nations need to be doing massive randomized testing for Covid, to compare positive results versus how many are walking around with it and don't know it. This is data we absolutely must have immediately.
If there are really 10x or 20x the cases and the mortality rate is that much lower accordingly, then we do two things: we go back to work, and we do quarantine and care for the most vulnerable and most ill simultaneously. We ramp up medical supply production further to focus on those people, who will saturate our ICU systems. Everyone else goes back to routine, to keep the global economy functioning. If that all shuts down, far more people will die, and far worse chaos may ensue, including potentially war as tensions rise globally.
The sick leave programs, either public or corporate, will all fail in a short amount of time when strained by 90 or more days of hyper low economic activity. The US and EU can't afford $2 trillion in sick leave programs every 90 days; especially when the future is unknown as to whether that will continue indefinitely (meaning there is weak production to support the huge costs), the entire financial system collapses if that keeps going.
Sometime in the next few months a decision will have to be made, about going forward, going back to normal life, and accepting the deaths that will occur. This will have to be made by essentially all nations in unison, and or the smaller nations will get pulled along into the decision by the larger nations regardless.
First we need to know how common the virus is among the population, in terms of how many people are walking around with few or no symptoms. Some large nations need to be doing massive randomized testing for Covid, to compare positive results versus how many are walking around with it and don't know it. This is data we absolutely must have immediately.
If there are really 10x or 20x the cases and the mortality rate is that much lower accordingly, then we do two things: we go back to work, and we do quarantine and care for the most vulnerable and most ill simultaneously. We ramp up medical supply production further to focus on those people, who will saturate our ICU systems. Everyone else goes back to routine, to keep the global economy functioning. If that all shuts down, far more people will die, and far worse chaos may ensue, including potentially war as tensions rise globally.