Six months ago, populations across the world went under lockdown to fight Covid-19.

Amid confusion and horrifying death tolls, the default position was to protect the elderly and minimize loss of life. Now that stance is shifting trib.al/ZsUBlJc
🇺🇸In the U.S., anti-lockdown protests have broken out across the country, with even New York’s ultra-Orthodox Jewish community burning masks in public.

🇬🇧In the U.K., Boris Johnson’s government faces a rebellion from MPs in his own Conservative Party trib.al/ZsUBlJc
With six months of experience, people know that lockdowns exert a terrible toll.

The tide in the U.S. is moving toward reopening, allowing people to get sick and building immunity that way until a vaccine arrives to ease the dilemma trib.al/ZsUBlJc
The scientific journal Nature estimated that around 50% of people would need Covid-19 immunity in order for the virus to die out.

For France and the U.S., “this would translate into 100,000-450,000 and 500,000-2,100,000 deaths, respectively” trib.al/ZsUBlJc
Meanwhile, there are epidemiologists who believe that the herd-immunity threshold has been reached in regions that have already suffered major outbreaks.

They argue that Covid-19 can be choked off when as little as 20% of the population has been infected trib.al/ZsUBlJc
What do they propose? This week, epidemiologists briefed officials in the Trump administration on the “Great Barrington Declaration.”

They recommend moving to a strategy called "focused protection" trib.al/ZsUBlJc
Herd immunity “is achieved at the expense of some people dying,” says Sunetra Gupta, co-author of the declaration.

Centuries of moral philosophy have left us with various tests for these decisions. Gupta’s “focused protection” passes some, but not others trib.al/ZsUBlJc
Utilitarianism: the greatest good of the greatest number.

With this philosophy, sacrificing a few can be justified, providing this clearly benefits the many trib.al/ZsUBlJc
Libertarianism: liberty and survival of the fittest.

Opposition to lockdowns has been led by libertarians, who give priority to the right to self-determination. Its history goes back to British philosopher John Locke and the Founding Fathers of the U.S. trib.al/ZsUBlJc
The Golden Rule: first do no harm.

Doctors take their ethics from the Enlightenment philosopher Immanuel Kant, who based morality on the biblical “golden rule” — that we should not do to others what we would not want done to ourselves trib.al/ZsUBlJc
Communitarianism: the common good.

These ideas go back at least as far as the French thinker Jean-Jacques Rousseau and his social contract, and they appeal to socialists and to cultural conservatives alike trib.al/ZsUBlJc
Rawlsian theory:

Faced with the pandemic, governments and societies had reacted as though they had a duty to put themselves through great privations to protect the sick and elderly. Now we know that this was something of an illusion trib.al/ZsUBlJc
The ball is back in the scientists’ court — philosophers can only help us come to a decision that requires good data.

It’s up to science to illuminate the costs, and to leaders to communicate those costs to the population trib.al/ZsUBlJc

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More from @bopinion

9 Oct
Half of Americans aren’t saving enough for retirement.

Some say that’s due to low wages or irresponsible choices, but there’s another culprit: an expensive and antiquated 401(k) system trib.al/2D99X5I
Our current system favors costly middlemen. The average fees levied on 401(k) savings hover in the range of 0.5% annually.

That compares to annual expenses well under 0.1%, and often near zero, offered by stock and bond index funds and ETFs trib.al/2D99X5I
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8 Oct
Just as past outbreaks taught Asia hard truths about how to deal with pandemics, lessons from Covid are abundant in the West:

🇮🇹Italy ramped up ICU capacity
🇫🇷France is paying health workers more
🇪🇸Spain is building a pandemic hospital trib.al/fWLWUB6
Thanks to these innovations, national lockdowns are being portrayed as a one-off.

Yet as cases surge again in Europe, strains on critical-care resources are leading to economic shutdowns on local and regional levels trib.al/fWLWUB6 Image
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Here’s something to celebrate in the U.S.: Hispanic Americans have enjoyed steady economic progress over the past two decades.

Though much remains to be done, Hispanics are coming closer to enjoying an American dream long denied to them trib.al/McOh5Ad
From 2014 through 2019, as the U.S. economy expanded and incomes rose, Hispanic Americans logged faster income growth than anyone trib.al/McOh5Ad Image
That growth was from a relatively low base: The income gap between White and Hispanic workers shrank by only about $2,700 and still stands at almost $20,000 for median households.

But living standards are rising along with a feeling of upward mobility trib.al/McOh5Ad Image
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One of the bizarre subplots of Trump’s illness has been the White House’s unwillingness to explore a simple question:

Exactly how did the president of the United States contract Covid-19? trib.al/2zvKDoR
Offers by the CDC to investigate the outbreak have been rebuffed, leaving many unknowns:

➡️Who gave him the virus?
➡️Where did it happen?
➡️To whom did he give it?
➡️In what circumstances?
➡️Is the disease from a single source?
➡️If so, who's the source? trib.al/2zvKDoR
20 years ago it would have been all but impossible to answer these questions, but they can now be answered quickly and cheaply, making Michael Lewis wonder why we don’t already have answers.

He sat down to discuss the topic with microbiologist Joe DeRisi trib.al/2zvKDoR
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5 Oct
If 2020 has taught us anything, it’s that life is uncertain.

That’s why @FARNOOSH has abandoned some conservative finance principles, including the aspiration of leaving a financial legacy trib.al/TzF9lwo
The concept of bequeathing an inheritance just seems to make less sense today.

Instead why not experience your legacy by spending most of your money on meaningful experiences and investing in the people and causes you believe in trib.al/TzF9lwo Image
It’s a financial philosophy that’s grown increasingly popular with the ultra-wealthy, including:

➡️Sting
➡️Bill Gates
➡️Warren Buffett
trib.al/TzF9lwo Image
Read 11 tweets
4 Oct
🇫🇷France, 🇬🇧the U.K. and 🇪🇸Spain are currently facing a triple threat:

➡️Jump in cases
➡️Population exhausted by lockdown-induced recession
➡️Rising resistance to tougher measures trib.al/4FvDHoM
Protesters have taken to the streets of:

🇫🇷Marseille
🇪🇸Madrid
🇩🇪Berlin
🇬🇧London

Those protesting shouldn’t be dismissed as the selfish exceptions to the rule. Beyond the vocal minority, there are signs the silent majority are also losing faith trib.al/4FvDHoM
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In France, the number of people who support quarantining those who’ve had contact with infected patients has dropped from 78% in March to just 48% trib.al/4FvDHoM
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