Showing posts with label loans. Show all posts
Showing posts with label loans. Show all posts

Sunday, October 11, 2020

Strategy

 

Still on Lockdown. I don't know how long covid-19 will be with us. (A climate activist claims - for as long as Climate Change crisis will last).

However, I do know that a country needs the right strategy to handle it.  I'm not referring to a country  that belongs to the club of the big and rich  (USA, Germany, UK..) but to a country  of small to modest size and resources, like Israel where I live.

By 'right strategy' I mean one that would not be based on waiting for a vaccine (which may or may not be available ,  may or may not be effective), and, would not be based on borrowing heavy money to give its people the (false) feeling that life goes on as usual, and covid-19 is just a temporary inconvenience.

Perhaps, new drugs development (antivirals, steroids) will move faster than vaccine development, and help make real progress in the fight against the virus.

Perhaps, before  borrowing money to release 'loan programs' and 'rescue funds', the government could advise people to return to basics;  the decadent world of the pre-covid era,  might never come back.

The new world might be one of isolation, including touristic isolation. North Korea, a small, isolated country, has just made it known to the world that there has  been not even one single case of coronavirus infection there.

We don't know things for sure yet, but we have to be mentally prepared for the possible reality of no physical schools, restaurants, culture halls etc.. and reorganize our life the best  we can under the circumstances.

Sadly, it seems that politicians and vaccine developers will nevertheless be dragging us into the abyss, creating chaos on the way.