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Still More Evidence That Lockdowns Were A Massive Waste Of Time, Money, And Lives

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The nation’s economy is on track to drop by more than 30% in the second quarter. Unemployment is well into the double digits. Half of small businesses might close in the next six months. All for naught, it would appear, giving the growing pile of evidence that the economic lockdowns didn’t work.

The latest evidence comes from a report out of JP Morgan Chase & Co. this week. It finds that there’s been no increase in cases or deaths as other nations and U.S. states start reopening. This flies directly in the face of all the public health expert predictions of a major spike once people started moving about.



“Virtually everywhere, infection rates have declined after reopening, even after allowing for an appropriate measurement lag,” says the report’s author, Marko Kolanovic, a quantitative strategist at JPMorgan. “This means that the pandemic and COVID-19 likely have (their) own dynamics unrelated to often inconsistent lockdown measures that were being implemented.”

Another research paper released in early May, this one by Thomas A. J. Meunier of the Woods Hole Oceanographic Institution, found that the lockdowns in western Europe had no evident impact on the epidemic.

“Comparing the trajectory of the epidemic before and after the lockdown, we find no evidence of any discontinuity in the growth rate, doubling time, and reproduction number trends,” Meunier says.

In the United Kingdom, the disease reached its peak on April 8, which, given the way it progresses, means the peak infection was around March 18, according to Oxford University professor Carl Heneghan. That’s almost a week before the UK went into lockdown mode.

Bloomberg’s Elaine He looked at the data from Europe, compared it with their different strategies to deal with the outbreak, and concluded that “there’s little correlation between the severity of a nation’s restrictions and whether it managed to curb excess fatalities.

Meanwhile, India’s massive lockdown – the largest in the world – is coming under attack for being ineffective. India now has more than 100,000 confirmed cases and is seeing the fastest growth in South Asia.

“There is no doubt in my mind that the lockdown has failed,” an epidemiologist who is a member of the Indian government’s coronavirus task force told The Caravan magazine. “Social distancing, wearing masks, and hand hygiene work. Together, these measures reduce the rate of transmission. However, to date, there is no evidence that lockdowns can cut down transmission.”

And Sweden, which had come under harsh attack from public health experts for not imposing an all-out lockdown, is now being held up by the World Health Organization as a model for the future.

Read more:
https://issuesinsights.com/2020/05/23/still-more-evidence-that-lockdowns-were-a-massive-waste/
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