Why the Scottish Tories’ quicker exit from lock-down would have done little for the economy

https://www.marketwatch.com/story/sweden-didnt-impose-a-lockdown-its-economy-is-just-as-bad-as-its-neighbors-who-did-2020-06-25?redirect=amp#click=https://t.co/9gZdoEN2gk

From MarketWatch on 27 June:

It is a common refrain from critics of the lockdown. Don’t let the cure — locking down the economy — be worse than the disease it is preventing. If that is the case, then, Sweden should be a case study in how to manage the disease. It famously didn’t lock down. Bars and restaurants remained open, as did hairdressers and gyms. The University of Oxford’s government response tracker puts into numbers the light-touch effort, showing Sweden was one of the least restrictive countries in the world.

Remember this?

The MarketWatch report (full version at link below) suggests not and offers evidence that Denmark with the hardest of lock-downs saved many lives but also suffered no more economically than Sweden because:

The simple answer is that in a pandemic, most people will change their behavior to avoid catching the virus. The cautious behavior is voluntary, irrespective of whether there is no lockdown, as in Sweden, or there is a lockdown, as in Denmark. People will shun public transport, shopping, and other crowded places, and even think twice about letting their children go to school.

Dhaval Joshi, chief European investment strategist at BCA Research

https://www.marketwatch.com/story/sweden-didnt-impose-a-lockdown-its-economy-is-just-as-bad-as-its-neighbors-who-did-2020-06-25?redirect=amp#click=https://t.co/9gZdoEN2gk

One thought on “Why the Scottish Tories’ quicker exit from lock-down would have done little for the economy”

  1. “The simple answer is that in a pandemic, most people will change their behavior to avoid catching the virus.”
    That is until alcohol gets involved which it looks like is about to happen in BoJoLand.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.