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In the past week, I’ve had several conversations on the topic of “the world after Covid-19”. My immediate response has been: “Why do you use the word ‘after’? Why not ‘with’?" thetimes.co.uk/edition/commen…
Just consider the odds against a successful vaccination. Do we have one for malaria? No. Tuberculosis? No. HIV-Aids? No.
That’s why we need to give at least some thought to the not-so-nice scenario of living with Covid-19 — at best, the way we live with flu, which delivers its regular seasonal bump in the mortality rate; at worst, the way we have slowly and painfully learnt to live with HIV-Aids.
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Niall Ferguson
@nfergus
Nice contrarian piece on the EU and COVID-19 from my Greenmantle colleagues @JosephdeWeck and Dimitris Valatsas: fpri.org/article/2020/0…
Rumors of the death of the EU tend to be exaggerated, but Brexit could conceivably make the path to greater integration easier.
The populists are in retreat in most countries, according to recent polls, and the German political elite seems closer to accepting the need for some greater degree of fiscal integration.
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Niall Ferguson
@nfergus
Trying to resolve the paradox of a public health disaster, an economic collapse and April's stock market rally: thetimes.co.uk/edition/commen…
There is reason to be wary of claims that the coming second wave and the shock to consumption are already priced in.
As for the political consequences, let's just say that "Perhaps that’s been the story of life” (or death) probably won't cut it.
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Niall Ferguson
@nfergus
"Public policies that successfully contained the crisis, supported by dutiful citizens, show the benefits of a centralized political hierarchy in China." Daniel Bell still strangely keen on the regime that is directly to blame for a global pandemic: globaltimes.cn/content/118730…
"In my view, the deepest problem is that Western societies prioritize freedom, individual autonomy and privacy over social harmony." Interesting.
After criticizing "the weaknesses of electoral democracies," Bell then lets slip: "Meanwhile, we - China - should not play their games. ... We can ... try to inspire others by our model at home." Revealing, isn't it?
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