10/31/2022 0 Comments World legacy mind meld![]() ![]() ![]() Yet the billionaire class will do just fine. Many in retail or service industries will lose their jobs, SME’s will see their income tank, and even big businesses may approach insolvency (though they tend to have pole position for any public subsidies and handouts). Outside the very few beneficiaries the rest of society will take it on the chin, with those at the bottom of the economic ladder coming off worst, as usual. Unfortunately the prognosis for the economic effects from the pandemic are not so clear-cut. This is astounding and reason enough for us to emulate the approach. The army has been mobilised to restrict movement across the country and strictly enforce the Movement Control Order (MCO) imposed by the government.Īs much inconvenience as this ongoing restricted lockdown is causing, combined with the corresponding destruction to the local economy, it does seem clear that the best measure to confront the spread of the virus is the ‘hammer’ (complete shutdown), followed by the ‘dance’ (ongoing monitoring).Īgainst the alternatives of doing nothing or simple mitigating actions, almost every country significantly effected by this infection has opted for the hammer in the hope that it will stop the spread in its tracks, followed (hopefully) by sharp declines.Ĭhina’s heavy-handed implementation of this strategy suggests that it works, with the country reporting no new Covid-19 cases for three days in a role. We’re still very much in the eye of the storm. This is not the first plague upon humankind, and it won’t be the last. We will get through this excruciating torment, though we cannot yet say how bad it will be or when it will end. Nevertheless, it does suggest that treatment and even vaccination and cure will eventually materialise. If Trump’s credibility wasn’t so completely exhausted, last week’s announcement that the US FDA (Food & Drug Administration) approved hydroxy-chloroquine for Covid-19 treatment might have offered some hope for relief from the expanse of the deadly virus. 4IR was coming but Covid-19 will speed this, must be empowered by it, not overpowered.Coming tsunami of digital disruption brought by 4th Industrial Revolution technologies. ![]()
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