My sense is that the establishment is beginning to retreat from the insane policy of putting America under house arrest over a microbe. One sign of this is the abandonment of the grave warnings that millions will die from this modern Black Death. It’s notable that the CDC director is now saying that “you’re seeing the numbers [of deaths] are going to be much, much, much, much lower than would have been predicted by the models.”
Also interesting is Bloomberg’s decision to devote a lengthy article to Michael Burry’s powerful denunciation of the current policy. Burry is the Aspergery investor played by Christian Bale in The Big Short. Here is what he says:
“Universal stay-at-home is the most devastating economic force in modern history,” Burry wrote in an email to Bloomberg News. “And it is man-made. It very suddenly reverses the gains of underprivileged groups, kills and creates drug addicts, beats and terrorizes women and children in violent now-jobless households, and more. It bleeds deep anguish and suicide.” […]
He said he began speaking out because of how people were suffering from measures taken to contain the pandemic. “Unconscionable,” is how he described job losses in the U.S., which have caused a once-unthinkable 10 million people to apply for unemployment benefits in the past two weeks. […]
“This is a new form of coronavirus that emanated from a country, China, that unfortunately covered it up. That was the original sin. It transmits very easily, and within the first month it was likely all over the world. Very poor testing infrastructure created an information vacuum as cases ramped, ventilator shortages were projected. Politicians panicked and media filled the space with their own ignorance and greed. It was a toxic mix that led to the shutdown of the U.S., and hence much of the world economy.”
The public has already demonstrated its willingness to go along with martial law-like restrictions on a thin pretext, so perhaps the next step will be to push the envelope further, for example by banning outdoor jogging during the day. Or the lockdowns may simply be maintained for the next 18-plus months, as Dr. Ezekiel Emanuel has proposed, causing the complete collapse of the United States.
On the other hand, it’s obvious that the lockdowns have already inflicted profound damage on the economy, and if not ended soon, could bring about the kind of widespread immiseration seen in Russia after the fall of the Soviet Union – to say nothing of mass civil unrest. Perhaps that is the goal. But if it’s not, then the people running our country may be preparing to loosen the lease a bit – for now.