Ten more days of spiralling into the corona virus black hole and many countries have already resorted to extreme measures. In Europe national borders and interests are back in control – along with extreme financial measures that are making the 2008 financial crash look like small beer.
And at the personal level the number of deaths continues to grow – despite the increasingly draconian restrictions on movement and personal contacts. With 6,077 deaths in Italy and 2,300 in Spain the figure of 335 for the UK seems low – but we face many more yet in the months ahead. And it looks like UK Grandads will be the demographic with the highest mortality.
Here the over 70’s are already in isolation until June. But when the survivors emerge the virus will not have disappeared. They will become victims then rather than now – unless a cure has been found. Since no one has a natural immunity the virus will continue to infect the population for years – possibly re-infecting those that have survived the previous waves. And we already have several strains of the corona virus indicating that it could adapt over time and evolve into something even worse.
Back at the international finance level the desperate measures are creating vast debts as governments strain to prop-up essential services – healthcare, education, police, fire, ambulance, military, public transport, fuel, water, etc – and the vast numbers of unemployed. All against a backdrop of collapsing government taxation income and falling asset values.
But it’s not entirely bad news. The huge falls in pollution and greenhouse gas emissions have already resulted in clearer skys and climate benefits – sooner than even the most ardent activists could have reasonably expected.
While on the political front the people of Scotland will be well aware that their country could not have faced the current challenge on its own. And those that want to extend the UK-EU trade negotiations are having to face-up to the fact that the world economy has already been reset. The trade agreement fine print has been reduced to irrelevance. The people that survive this will need the essentials of life to be traded as safely and efficiently as possible – with no room for artificial barriers created by bureaucrats and civil servants.