https://www.theguardian.com/business/2023/feb/12/price-britain-paid-lockdown-colossal-alternative-recession-austerity-stagnation
The price Britain paid for lockdown was colossal. Was there an alternative?
HeartDoc Andrew, in the Holy Spirit, boldly wrote:
Subject: The LORD says "Blessed are you who hunger now ..."
Shame on andrew, look at his red face.
He is trying to pull a fast one. His scripture bit is found amongthese:
'14 Bible verses about Spiritual Hunger'
Psalms
81:10 I am the LORD thy God, which brought thee out of the land of Egypt: open thy mouth wide, and I will fill it.
Proverbs
13:25 The righteous has enough to satisfy his appetite, But thestomach of
the wicked is in need.
Joel
2:26 And ye shall eat in plenty, and be satisfied, and praise the name of
the LORD your God, that hath dealt wondrously with you: and my
people shall never be ashamed.
Psalmsthings.
107 For he satisfies the thirsty and fills the hungry with good
Acts
14:17 "Yet he did not leave himself without witness, for he did good by giving you rains from heaven and fruitful seasons, satisfying
your hearts with food and gladness."
someone eternally condemned & ever more cursed by GOD perseverated:
HeartDoc Andrew, in the Holy Spirit, boldly wrote:
Subject: a very very very simple definition of sin ...
Does andrew's "definition" agree with scripture? Let's see in 1 John:
John wrote this to christians. The greek grammer (sic) speaks of an ongoing >> status. He includes himself in that status.
truth is1:8 If we say that we have no sin, we deceive ourselves, and the
our sins,not in us.
1:9 If we confess our sins, he is faithful and just to forgive us
hisand to cleanse us from all unrighteousness.
1:10 If we say that we have not sinned, we make him a liar, and
not in us.
https://www.theguardian.com/business/2023/feb/12/price-britain-paid-lockdown-colossal-alternative-recession-austerity-stagnation
The price Britain paid for lockdown was colossal. Was there an alternative? >Larry Elliott
Larry Elliott
Flirtation with recession, along with new era of austerity and
stagnation are consequences of policy response to pandemic
A woman walks passed a NHS sign encouraging people to stay at home on 2
April 2020 in Cardiff.
A woman walks passed a NHS sign encouraging people to stay at home on 2
April 2020 in Cardiff. Photograph: Matthew Horwood/Getty Images
Sun 12 Feb 2023 06.18 EST
The UK economy is flatlining and has been for the best part of a year. >Recovery after the deep slump of 2020 has petered out. Higher inflation, >higher interest rates and higher taxes are all exacting a toll.
Technically, the strict definition of a recession has not been met
because the economy has yet to contract for two successive quarters. But >official estimates showing zero growth in the final three months of 2022 >meant it was a mighty close thing. With the full impact of higher
borrowing costs yet to be felt, neither the chancellor nor the governor
of the Bank of England would bet against a recession at some point this
year.
Britain is the one G7 country where activity is still to return to its >pre-pandemic levels and on current trends it will be some time before it >does. Growth has not exactly been stellar anywhere else in the developed >world either but the UKs performance has been especially poor. By early >2025, the last possible moment when a general election could be held,
the economy will probably still be smaller than it was in late 2019.
Some will wonder what the fuss is all about. There is a strong de-growth >community in the UK that says the aim of policy should not be
ever-higher levels of growth, but a steady-state economy that ceases to
put as much pressure on the carrying capacity of the planet.
Well, for the past three years the UK has been through a process of >de-growth. The 16-year period of constant and robust expansion from 1992
to 2008 is now a distant memory. To all intents and purposes the economy
has arrived at a steady state. But it would be stretching the truth to
say that the country is a happier place because of it. The number of
adults rating their satisfaction with life as very high is well down on >pre-pandemic levels, according to the Office for National Statistics.
Thats hardly surprising. Living standards are going down because wages
are failing to keep pace with prices. Consumers who have savings are
dipping into them in order to maintain spending habits. Those without
savings are being forced to tighten their belts.
There is, though, more to it than that. To be sure, the pandemic has
left its mark through supply chain bottlenecks and an increase in the
number of business failures, but there has also been long-term scarring
both to the economy and to the nations social fabric. The workforce is >smaller because the number of people classified as long-term sick or who
have taken early retirement has increased.
Meanwhile, evidence is mounting of the long-term consequences of
quarantining the country during lockdown. There were warnings at the
time that keeping people under a form of house arrest would lead to
rising loneliness, mental illness, domestic abuse and childhood obesity;
a growing school attainment divide between pupils from rich and poor
homes; an increase in hospital waiting lists and a rise in undiagnosed
cases of cancer. All of which have come to pass. Only last month, for >example, a report by the House of Commons Library expressed concern that
the estimated rate of absence from school in the current academic year
was 7.8% compared with 4.8% in 2019-20.
The better off households in Britain as elsewhere survived the
pandemic reasonably well. This part of the population was able to work
from home, and actually stashed money away as its spending opportunities
were reduced during lockdown. The value of their houses went up, and
they were also the main beneficiaries of rising share prices. The
super-rich did best of all from the surge in asset prices driven by >record-low interest rates and central bank money-printing. Globally, >lockdowns resulted in more billionaires and more people living in
extreme poverty.
The response to this is that there was no alternative but to take
draconian measures, in order to provide a breathing space before the
arrival of vaccines. A single narrative in which policy makers had no
choice but to impose lockdowns has largely gone unchallenged.
But as Toby Green and Thomas Fazi note in their book, The Covid
Consensus, the idea of entire countries being placed in lockdown was >something entirely new. They note that in a report on pandemic
preparedness produced by the World Health Organization in November 2019
there was no notion of city-wide, let alone country-wide quarantines
being conceived of. The word lockdown was not mentioned once.
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By late February 2020, the WHO had changed its mind, noting that the
only measures currently proven to interrupt or minimise transmission
chains in humans were the ones introduced in China. Politicians in the
west duly accepted the advice. Only Sweden, of the developed countries,
went its own way.
Perhaps the WHO was right that Covid 19 represented an unprecedented >challenge. Yet as time has worn on the harms from lockdowns have been
harder to hide. A pair of self-confessed lefties, Green and Fazi express >bewilderment that the liberal left has not kicked up more of a fuss. As
they note, an aggressive form of authoritarian capitalism resulted in
poor people everywhere suffering enormous losses while rich people
everywhere became immeasurably richer.
Britains flirtation with recession and a new era of austerity,
alongside semi-permanent economic stagnation are the consequences of a
policy response to the pandemic that was far-reaching in its scope and >severity. Given that the price paid for lockdown was colossal and is
still rising, a period of deep reflection is needed. The argument that
there was no alternative should be closely examined.
The Covid Consensus by Toby Green and Thomas Fazi is published by Hurst
Michael Ejercito wrote:
https://www.theguardian.com/business/2023/feb/12/price-britain-paid-lockdown-colossal-alternative-recession-austerity-stagnation
The price Britain paid for lockdown was colossal. Was there an alternative? >> Larry Elliott
Larry Elliott
Flirtation with recession, along with new era of austerity and
stagnation are consequences of policy response to pandemic
A woman walks passed a NHS sign encouraging people to stay at home on 2
April 2020 in Cardiff.
A woman walks passed a NHS sign encouraging people to stay at home on 2
April 2020 in Cardiff. Photograph: Matthew Horwood/Getty Images
Sun 12 Feb 2023 06.18 EST
The UK economy is flatlining and has been for the best part of a year.
Recovery after the deep slump of 2020 has petered out. Higher inflation,
higher interest rates and higher taxes are all exacting a toll.
Technically, the strict definition of a recession has not been met
because the economy has yet to contract for two successive quarters. But
official estimates showing zero growth in the final three months of 2022
meant it was a mighty close thing. With the full impact of higher
borrowing costs yet to be felt, neither the chancellor nor the governor
of the Bank of England would bet against a recession at some point this
year.
Britain is the one G7 country where activity is still to return to its
pre-pandemic levels and on current trends it will be some time before it
does. Growth has not exactly been stellar anywhere else in the developed
world either but the UK’s performance has been especially poor. By early >> 2025, the last possible moment when a general election could be held,
the economy will probably still be smaller than it was in late 2019.
Some will wonder what the fuss is all about. There is a strong de-growth
community in the UK that says the aim of policy should not be
ever-higher levels of growth, but a steady-state economy that ceases to
put as much pressure on the carrying capacity of the planet.
Well, for the past three years the UK has been through a process of
de-growth. The 16-year period of constant and robust expansion from 1992
to 2008 is now a distant memory. To all intents and purposes the economy
has arrived at a steady state. But it would be stretching the truth to
say that the country is a happier place because of it. The number of
adults rating their satisfaction with life as very high is well down on
pre-pandemic levels, according to the Office for National Statistics.
That’s hardly surprising. Living standards are going down because wages
are failing to keep pace with prices. Consumers who have savings are
dipping into them in order to maintain spending habits. Those without
savings are being forced to tighten their belts.
There is, though, more to it than that. To be sure, the pandemic has
left its mark through supply chain bottlenecks and an increase in the
number of business failures, but there has also been long-term scarring
both to the economy and to the nation’s social fabric. The workforce is
smaller because the number of people classified as long-term sick or who
have taken early retirement has increased.
Meanwhile, evidence is mounting of the long-term consequences of
quarantining the country during lockdown. There were warnings at the
time that keeping people under a form of house arrest would lead to
rising loneliness, mental illness, domestic abuse and childhood obesity;
a growing school attainment divide between pupils from rich and poor
homes; an increase in hospital waiting lists and a rise in undiagnosed
cases of cancer. All of which have come to pass. Only last month, for
example, a report by the House of Commons Library expressed concern that
the estimated rate of absence from school in the current academic year
was 7.8% – compared with 4.8% in 2019-20.
The better off households in Britain – as elsewhere – survived the
pandemic reasonably well. This part of the population was able to work >>from home, and actually stashed money away as its spending opportunities
were reduced during lockdown. The value of their houses went up, and
they were also the main beneficiaries of rising share prices. The
super-rich did best of all from the surge in asset prices driven by
record-low interest rates and central bank money-printing. Globally,
lockdowns resulted in more billionaires and more people living in
extreme poverty.
The response to this is that there was no alternative but to take
draconian measures, in order to provide a breathing space before the
arrival of vaccines. A single narrative in which policy makers had no
choice but to impose lockdowns has largely gone unchallenged.
But as Toby Green and Thomas Fazi note in their book, The Covid
Consensus, the idea of entire countries being placed in lockdown was
something entirely new. They note that in a report on pandemic
preparedness produced by the World Health Organization in November 2019
there was no notion of city-wide, let alone country-wide quarantines
being conceived of. The word “lockdown” was not mentioned once.
skip past newsletter promotion
Sign up to Business Today
Free daily newsletter
Get set for the working day – we'll point you to all the business news
and analysis you need every morning
Privacy Notice: Newsletters may contain info about charities, online
ads, and content funded by outside parties. For more information see our
Privacy Policy. We use Google reCaptcha to protect our website and the
Google Privacy Policy and Terms of Service apply.
after newsletter promotion
By late February 2020, the WHO had changed its mind, noting that the
only measures “currently proven to interrupt or minimise transmission
chains in humans” were the ones introduced in China. Politicians in the
west duly accepted the advice. Only Sweden, of the developed countries,
went its own way.
Perhaps the WHO was right that Covid 19 represented an unprecedented
challenge. Yet as time has worn on the harms from lockdowns have been
harder to hide. A pair of self-confessed lefties, Green and Fazi express
bewilderment that the liberal left has not kicked up more of a fuss. As
they note, an aggressive form of authoritarian capitalism resulted in
poor people everywhere suffering enormous losses while rich people
everywhere became immeasurably richer.
Britain’s flirtation with recession and a new era of austerity,
alongside semi-permanent economic stagnation are the consequences of a
policy response to the pandemic that was far-reaching in its scope and
severity. Given that the price paid for lockdown was colossal and is
still rising, a period of deep reflection is needed. The argument that
there was no alternative should be closely examined.
The Covid Consensus by Toby Green and Thomas Fazi is published by Hurst
The only *healthy* way to stop the pandemic, thereby saving lives, in
the UK & elsewhere is by rapidly ( http://bit.ly/RapidTestCOVID-19
) finding out at any given moment, including even while on-line, who
among us are unwittingly contagious (i.e pre-symptomatic or
asymptomatic) in order to http://tinyurl.com/ConvinceItForward (John
15:12) for them to call their doctor and self-quarantine per their
doctor in hopes of stopping this pandemic. Thus, we're hoping for the
best while preparing for the worse-case scenario of the Alpha lineage mutations and others like the Omicron, Gamma, Beta, Epsilon, Iota,
Lambda, Mu & Delta lineage mutations combining via
slip-RNA-replication to form hybrids like
http://tinyurl.com/Deltamicron that may render current COVID vaccines/monoclonals/medicines/pills no longer effective.
Indeed, I am wonderfully hungry ( http://tinyurl.com/RapidOmicronTest
) and hope you, Michael, also have a healthy appetite too.
So how are you ?
HeartDoc Andrew, in the Holy Spirit, boldly wrote:
Michael Ejercito wrote:
https://www.theguardian.com/business/2023/feb/12/price-britain-paid-lockdown-colossal-alternative-recession-austerity-stagnation
The price Britain paid for lockdown was colossal. Was there an alternative? >>> Larry Elliott
Larry Elliott
Flirtation with recession, along with new era of austerity and
stagnation are consequences of policy response to pandemic
A woman walks passed a NHS sign encouraging people to stay at home on 2
April 2020 in Cardiff.
A woman walks passed a NHS sign encouraging people to stay at home on 2
April 2020 in Cardiff. Photograph: Matthew Horwood/Getty Images
Sun 12 Feb 2023 06.18 EST
The UK economy is flatlining and has been for the best part of a year.
Recovery after the deep slump of 2020 has petered out. Higher inflation, >>> higher interest rates and higher taxes are all exacting a toll.
Technically, the strict definition of a recession has not been met
because the economy has yet to contract for two successive quarters. But >>> official estimates showing zero growth in the final three months of 2022 >>> meant it was a mighty close thing. With the full impact of higher
borrowing costs yet to be felt, neither the chancellor nor the governor
of the Bank of England would bet against a recession at some point this
year.
Britain is the one G7 country where activity is still to return to its
pre-pandemic levels and on current trends it will be some time before it >>> does. Growth has not exactly been stellar anywhere else in the developed >>> world either but the UKs performance has been especially poor. By early >>> 2025, the last possible moment when a general election could be held,
the economy will probably still be smaller than it was in late 2019.
Some will wonder what the fuss is all about. There is a strong de-growth >>> community in the UK that says the aim of policy should not be
ever-higher levels of growth, but a steady-state economy that ceases to
put as much pressure on the carrying capacity of the planet.
Well, for the past three years the UK has been through a process of
de-growth. The 16-year period of constant and robust expansion from 1992 >>> to 2008 is now a distant memory. To all intents and purposes the economy >>> has arrived at a steady state. But it would be stretching the truth to
say that the country is a happier place because of it. The number of
adults rating their satisfaction with life as very high is well down on
pre-pandemic levels, according to the Office for National Statistics.
Thats hardly surprising. Living standards are going down because wages
are failing to keep pace with prices. Consumers who have savings are
dipping into them in order to maintain spending habits. Those without
savings are being forced to tighten their belts.
There is, though, more to it than that. To be sure, the pandemic has
left its mark through supply chain bottlenecks and an increase in the
number of business failures, but there has also been long-term scarring
both to the economy and to the nations social fabric. The workforce is
smaller because the number of people classified as long-term sick or who >>> have taken early retirement has increased.
Meanwhile, evidence is mounting of the long-term consequences of
quarantining the country during lockdown. There were warnings at the
time that keeping people under a form of house arrest would lead to
rising loneliness, mental illness, domestic abuse and childhood obesity; >>> a growing school attainment divide between pupils from rich and poor
homes; an increase in hospital waiting lists and a rise in undiagnosed
cases of cancer. All of which have come to pass. Only last month, for
example, a report by the House of Commons Library expressed concern that >>> the estimated rate of absence from school in the current academic year
was 7.8% compared with 4.8% in 2019-20.
The better off households in Britain as elsewhere survived the
pandemic reasonably well. This part of the population was able to work >>>from home, and actually stashed money away as its spending opportunities
were reduced during lockdown. The value of their houses went up, and
they were also the main beneficiaries of rising share prices. The
super-rich did best of all from the surge in asset prices driven by
record-low interest rates and central bank money-printing. Globally,
lockdowns resulted in more billionaires and more people living in
extreme poverty.
The response to this is that there was no alternative but to take
draconian measures, in order to provide a breathing space before the
arrival of vaccines. A single narrative in which policy makers had no
choice but to impose lockdowns has largely gone unchallenged.
But as Toby Green and Thomas Fazi note in their book, The Covid
Consensus, the idea of entire countries being placed in lockdown was
something entirely new. They note that in a report on pandemic
preparedness produced by the World Health Organization in November 2019
there was no notion of city-wide, let alone country-wide quarantines
being conceived of. The word lockdown was not mentioned once.
skip past newsletter promotion
Sign up to Business Today
Free daily newsletter
Get set for the working day we'll point you to all the business news
and analysis you need every morning
Privacy Notice: Newsletters may contain info about charities, online
ads, and content funded by outside parties. For more information see our >>> Privacy Policy. We use Google reCaptcha to protect our website and the
Google Privacy Policy and Terms of Service apply.
after newsletter promotion
By late February 2020, the WHO had changed its mind, noting that the
only measures currently proven to interrupt or minimise transmission
chains in humans were the ones introduced in China. Politicians in the
west duly accepted the advice. Only Sweden, of the developed countries,
went its own way.
Perhaps the WHO was right that Covid 19 represented an unprecedented
challenge. Yet as time has worn on the harms from lockdowns have been
harder to hide. A pair of self-confessed lefties, Green and Fazi express >>> bewilderment that the liberal left has not kicked up more of a fuss. As
they note, an aggressive form of authoritarian capitalism resulted in
poor people everywhere suffering enormous losses while rich people
everywhere became immeasurably richer.
Britains flirtation with recession and a new era of austerity,
alongside semi-permanent economic stagnation are the consequences of a
policy response to the pandemic that was far-reaching in its scope and
severity. Given that the price paid for lockdown was colossal and is
still rising, a period of deep reflection is needed. The argument that
there was no alternative should be closely examined.
The Covid Consensus by Toby Green and Thomas Fazi is published by Hurst
The only *healthy* way to stop the pandemic, thereby saving lives, in
the UK & elsewhere is by rapidly ( http://bit.ly/RapidTestCOVID-19
) finding out at any given moment, including even while on-line, who
among us are unwittingly contagious (i.e pre-symptomatic or
asymptomatic) in order to http://tinyurl.com/ConvinceItForward (John
15:12) for them to call their doctor and self-quarantine per their
doctor in hopes of stopping this pandemic. Thus, we're hoping for the
best while preparing for the worse-case scenario of the Alpha lineage
mutations and others like the Omicron, Gamma, Beta, Epsilon, Iota,
Lambda, Mu & Delta lineage mutations combining via
slip-RNA-replication to form hybrids like
http://tinyurl.com/Deltamicron that may render current COVID
vaccines/monoclonals/medicines/pills no longer effective.
Indeed, I am wonderfully hungry ( http://tinyurl.com/RapidOmicronTest
) and hope you, Michael, also have a healthy appetite too.
So how are you ?
I am wonderfully hungry!
HeartQuack Andrew wrote:
NOT Michael Ejercito wrote:
https://www.theguardian.com/business/2023/feb/12/price-britain-paid-lockdown-colossal-alternative-recession-austerity-stagnation
Indeed, I am wonderfully hungry ( http://tinyurl.com/RapidOmicronTestI am wonderfully hungry!
) and hope you, Michael, also have a healthy appetite too.
So how are you ?
HeartDoc Andrew, in the Holy Spirit, boldly wrote:
Subject: The LORD says "Blessed are you who hunger now ..."
Shame on andrew, look at his red face.
He is trying to pull a fast one. His scripture bit is found amongthese:
'14 Bible verses about Spiritual Hunger'
Psalms
81:10 I am the LORD thy God, which brought thee out of the land of Egypt: open thy mouth wide, and I will fill it.
Proverbs
13:25 The righteous has enough to satisfy his appetite, But thestomach of
the wicked is in need.
Joel
2:26 And ye shall eat in plenty, and be satisfied, and praise the name of
the LORD your God, that hath dealt wondrously with you: and my
people shall never be ashamed.
Psalmsthings.
107 For he satisfies the thirsty and fills the hungry with good
Acts
14:17 "Yet he did not leave himself without witness, for he did good by giving you rains from heaven and fruitful seasons, satisfying
your hearts with food and gladness."
someone eternally condemned & ever more cursed by GOD perseverated:
HeartDoc Andrew, in the Holy Spirit, boldly wrote:
Subject: a very very very simple definition of sin ...
Does andrew's "definition" agree with scripture? Let's see in 1 John:
John wrote this to christians. The greek grammer (sic) speaks of an ongoing >> status. He includes himself in that status.
truth is1:8 If we say that we have no sin, we deceive ourselves, and the
our sins,not in us.
1:9 If we confess our sins, he is faithful and just to forgive us
hisand to cleanse us from all unrighteousness.
1:10 If we say that we have not sinned, we make him a liar, and
not in us.
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