Lockdown: Blamed if you impose it and blamed if you lift it

Lockdown: Blamed if you impose it and blamed if you lift it

Imposed a lockdown was both about health and about politics because it had both health and political repercussions on top of having enormous financial consequences. Politicians are blamed for not imposing a lockdown and politicians are blamed for having imposed a lockdown. At the end of the day, we know that no economy in the world can survive almost total paralysis. If major economies collapse, other economies around the world will collapse because we are interdependent of one another.

This is worse than 1929 and we know what happened as a direct consequence of 1929. World War Two was one of the direct consequences of what happened in Wall Street, New York in 1929.   

According to the League of Nations, the world's population in 1929 was about 1,833 million. In 2020, the world's population is estimated to be 7,800 million. The pressure in terms of having to meet the needs of a population that is more than 3 times bigger than the population of 1929 is gigantic.

The challenge is clearly visible. Economic demobilization at this point time can have dramatic repercussions. We are talking about mass starvation and conflicts of unbelievable proportions.