Business Vs Safety; which is the wealth?! Reopening the state; Bored Panda Story
Written by Moh Yarmohammadian; PostDoc, Professor at IUMS & International Advisor, Contributor, WBIUS
Business Vs Safety; Now we are seriously confronting to a controversial discussion about the worth of reopening businesses or continue to social restriction for reducing risks of Pandemic across the nations and over glob. Is it supposed to actually replace the economic value instead of public health and social safety? Is there any tradeoff between the national economy and our nation health and safety? Which both are among strongest indicators of human development as well as wellbeing? As Will Wilkinson, vice president for research at the Niskanen Center pointed out:
“It would be a cosmic tragedy if we were forced to trade love against prosperity……Failing to protect the people we love won’t leave more money in our pockets. It will leave them even emptier, and with holes in our lives that we can never fill.”(https://www.politico.com/news/magazine/2020/04/02/coronavirus-economy-reopen-deaths-balance-analysis-159248)
Do we really feel “bored pandas” who patiently looking forward to seeing open gates of the Zoo to go outside and scape from the limited borders?! Is this a good example or metaphor for people that are staying at their home and with their beloved ones? Otherwise according to Wilkinson, we are staying at our homes to maintain our beloved ones, our nation, in safe situation and healthy future. We are in major historical mission for human being. So we may agree with professor Jonathan Caulkins, at Carnegie Melon University`s Heinz College as he said in Politico:
“Instead of seeing only two possible options—reopening the economy as before or keeping it closed until further notice—we need to be more flexible. We can start by inventing ways to reengineer the vast middle of the U.S. economy so that it can operate sustainably in the COVID-19 age.” (https://www.politico.com/news/magazine/2020/04/02/coronavirus-economy-reopen-deaths-balance-analysis-159248).
Otherwise we should creatively face to this issue by keeping in mind that both options would be integrated gradually in one innovative option that assure both stairs processes for reopening the economy according to graded business from non-populated to in person social businesses. The costs of slowing the economy are high. But they are worth it from an economic perspective.
Some other economist like Thunstrom, Shogren, Finnoff, Newbold and Ashworth, from Department of Economics, University of Wyoming, in Politico point out that “the public health response and the economic stimulus might determine whether the social distancing measures taken in these crucial weeks will be viewed as a difficult but necessary response”.
The Hastings Center hosted “Re-Opening the Nation: What Values Should Guide Us?” an online discussion of the ethical issues related to easing Covid-19 pandemic restrictions in the United States. As the nation weighs when and how to re-open the economy, we will need to build a new normal that leads with key values like public health, economic well-being, and respect for civil liberties. These values are often in tension with one another, or seen to be, but they can be successfully managed with forethought and sensitivity. https://www.thehastingscenter.org/transcript-re-opening-the-nation-what-values-should-guide-us/
On the other hand WSJ in article titled “Reopening the U.S. Economy Even if the Pandemic Endures” discussed that ”It’s not true that the only way to improve public health is by shutting down the economy and the only way to improve the economy is by sacrificing public health”.
As the Covid-19 shutdown enters its second month, policy makers and commentators have emphasized that we’re not yet out of the woods. Deaths and hospitalizations are continuing to rise, although more slowly than before. The flattening curves have encouraged some people to talk about reopening the economy, and others to rise in protest against ongoing restrictions, but most Americans remain cautious. We’ve been willing to endure the staggering economic damage because we’re convinced that it’s necessary for public health—and that the lockdowns won’t last too long. https://www.wsj.com/articles/reopening-the-u-s-economy-even-if-the-pandemic-endures-11587740529
There is a controversial discussion on business vs safety between economists and health experts but generally, most of both sides concern about early reopening and its dangerous outcomes, before fulfilling the requirements of reopening. I would like to concluded that despite deep and longitudinal economic impacts of coronavirus on the nation, the American economy has not rush for reopening totally in states. Because the source of the economic shock was not government orders or economic requirements. It was the pandemic.( https://thebulwark.com/we-cannot-reopen-america/) Also I am concerning that reopening without providing 3T makes nation again at risk of second wave of COVID-19. The outcomes and burden of disease will be much more catastrophic at that time. I will discuss about health requirements of reopening and 3T concept in future articles.