While it is difficult to deny that, with this particular
virus—COVID19—the instruction to “socially distance” is necessary, perhaps even
vital. But the more I consider such an approach, however necessary, the more I
begin to wonder whether we are witnessing the beginning of the end of our entire system of
life as we used to know it.
We have grown to live our lives as socially proximate
humans. We work in offices where desks tend to be a few feet apart, aside from
the office holders. Or we attend
social/sporting events where we sit within a foot or two of our neighbors. Restaurants and pubs are particular problems
because of proximate seating.
People are now working from home when they can, but not
everyone works in an office on a computer. Even schools are now facing the
immense task of figuring out how to educate children from afar. And that task
is beyond my ken. I could not figure out how you might educate a group of 6-10
year olds who are sitting at home, even if they all have computers.
And then we have our food factories and our farms. We take
for granted our ability to go to a food supermarket and buy whatever strikes our
fancy. Or, in our case, the ability to visit a farmers market and buy fresh
produce, including fresh meat, eggs, and even seafood. But the farmers markets are now closed, and
the supermarkets pose a risk to both workers and shoppers, if we cannot be sure
who is infected or not.
So, our entire lifestyle is based on people getting together
to produce, shop, eat, et al. If we cannot do that any longer, how will we be
able to carry on our lives? Now, if this
thing was going to be over in, say, a couple of weeks, we could all just hunker
down and watch TV. But, suppose this virus is still a threat for the next six
months? Can our society and our economy
survive such a social distancing for that period? We see no vaccine arriving in less than a year,
if we are lucky. So, are we looking at the end of our civilization as we have
known it? Is this virus going to do what WW II, and the Cold War threats of
nuclear Armageddon did not do? Could it literally shut down civilization?
Think of all small businesses that rely on daily walk in
trade. Can they adapt, or will they all simply go bankrupt because they cannot
handle the cash flow needs of this new social distancing environment? And what of the people who work in those
places?
I think we have just begun to see the effects in businesses
beyond the service industry. Will people stop shopping more broadly? Will folks
stop looking for new cars, or new houses, or furniture for their homes?
And what of hospitals and doctors’ offices? What influx of
new patients infected will it take to simply shut them down? The potential
rates of infection as we actually expand our testing may overwhelm our system’s
ability to manage the care of infected people. They are already projecting the
possibility of making choices about who gets treated with appropriate equipment
(ventilators, etc.) and who is shunted aside.
What concerns me is what I observe coming from our White
House pseudo-leadership. They still wish
to pretend it will all be over soon, however the nasty effects while it is
here. But, I keep thinking, what if it
will not be over soon? Suppose we are still facing this pandemic 6-12 months
from now? Will our entire system collapse? The current stock markets are
already highly unstable and are dropping record amounts. That means less cash
is available to the folks who deal in cash, and it may mean less liquidity to
the entire system by which commercial enterprises are financed. It would seem
that our whole system is designed to operate under stable conditions. Whenever
something occurs threatening that stability, we observe yo-yo like jerks in the
financial markets, with resulting losses to thousands of folks who count on
those markets for their income. I think of that greatest of market jerks,
October 1929, when on that Tuesday, the 29th, over 16 million shares
were traded, as the market collapsed in the single largest crash in its
history. The resulting losses and market chaos led almost directly to the great
depression that lasted another ten years, and required the onset of World War
II to correct.
Still, nothing in my dim memory bank seems anything like
what we are now witnessing. I still recall, however dimly, the polio scare, and
several serious flu epidemics. I also recall living before the measles vaccine
was developed. I remember the cautions tossed at me as a child. I remember even
the frights of WW II. But I do not remember seeing something quite this global
and scary. We seem to be undergoing a period not unlike the dinosaur period
after the asteroid hit. Except, the dinosaurs had no idea what was coming next,
whereas we are imagining the worst that might come.
I am advised, “Richard, stop worrying about things over
which you have no control”. And then I
fall to sleep, only to awaken at 3:30, with my mind yelling that the world is
falling over and I can’t stop it.
I know, I know, so far the worst that has happened to us is
that we are confined to our very pleasant home. Well, technically, we are not
confined. We can still go out. We just can’t go anywhere that will bring us
into contact with other humans, some of whom might be infected. Mainly, that
means no shopping, and no pub/restaurant frequenting. I Know, “Oh you poor thing, you can’t go to
your favorite restaurant. Life really is tough.”
But what has been keeping me awake, is not so much the
simple fact that we cannot go to a restaurant, but the implication of all those
places having to close, and what that may mean worldwide. Restaurants and other similar shopping venues
operate on small margins, and their work staff personally operate on even
thinner margins. Closing such places is chaos for the owners, but more so for
the workers. And it is not just
restaurants, but any work environment that relies on the public on a daily
basis for its business. Also, I wonder
about the myriad small businesses—plumbers, electricians, carpenters, etc. who
rely on a public capable of paying them out of available cash reserves.
I think we have no idea yet what will happen to larger
entities like automobile manufacturers, appliance makers, et al. Will this virus trigger a global
recession/depression? We do not yet know, but some commentators suggest a
likely probability. Plus, the world may
look differently after it is over, and it will someday be over (one assumes a
vaccine is just around the corner). The big question is when will it be
over? Well, shortly after we develop a
valid vaccine and administer it to the population at large. And if Trump is any guide, his protestations
to the contrary, we actually have no idea when that will occur. He suggests
weeks. Most observers suggest a year or more.
And therein lies the problem. If it is a year, many more
will die, more still may become sick, the health system may become overwhelmed,
and more businesses will close, triggering unemployment on a scale we have not
seen since, perhaps, the Great Depression. And that is what keeps me awake at night—that we
are a long way from this being over, and that we have an incoherent, ignorant
president who has no idea what he is doing.
I still have fond hopes that November will bring us a new government and
new leadership, assuming Trump makes no attempt to close the elections process.
We put nothing past him.
But who knows, miracles have been known to happen. Maybe
republicans might finally acquire some testes, and assist in tossing this cretin
out of the White House . . . in handcuffs if necessary. Stay well folks, and
keep washing your hands—20 seconds each time.
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