But also, there are cancelled urgent operations in the NHS. Does he think they do this for fun? 2/
Second, this bit that argues "well the lockdown won't make any difference". Again bizarre, because a. it makes an argument for a tougher lockdown, and b. clearly it does make a difference. Before, the schools were going to open. Now they are not. Contacts are reduced 3/
Third, this bit is sheer model-Luddism "Your model relies on unseeable counterfactuals, so I don't want to accept the results". Tough. We can only run reality once, so we use models. These are not complicated. That life is full of confounding variables =no reason not to try 4/
Fourth: "But it is incontestable that lockdowns cause harm". Compared to letting it run riot, that is not proven. At all. Particularly given the repeated pattern that failing to act early means having to act later, and harsher ...5/
and for someone who *just a few paragraphs earlier* dismissed model-based results, quoting without caveat as a fact the idea that ongoing restrictions will cause 130 million people to STARVE TO DEATH is just insane.
More than the entire famine death toll of the C20? please 6/
Fifth, here is the most ridiculous self-own.
"If the new variant is so much more infectious why did it fall in November?" BECAUSE THERE WAS A LOCKDOWN, WHICH YOU SAID CANNOT WORK.
sorry to shout, but honestly ... 7/
Anyway: I don't want to try for @NeilDotObrien mantle of supreme refuter of Lockdown Sceptics. I don't question their right to publish their stuff. But the reason to respect these rights is that bad arguments should be fully surfaced, so they can be destroyed. /ends
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First, you need to pick your moment - but the moment can last years. Peter Mandelson and @vincecable each recognised that post Financial Crisis was the time to build the case for intervention that changes the way the economy works. Now is another such time 2/
Let's face it: Johnson has always sounded like someone who ought to like Industrial Strategy, even if his "boosterish can-do-ism" largely focuses on concerns that other politicians going back to @Ed_Miliband have expressed 3/
OK, I have tried to model this more, and the bottom line is: without a test and trace system that absolutely jumps on rising cases when the number of cases is really low, the government has a really hard task. Brace for some ugly graphs: 1/
This models a Spring surge, harsh measures in April-May that crush the virus infection down, and leads to loosening in June and July.
Basically, the R rate rises fast when lockdowns end in June - but you can hardly see it .... Table shows measures (low = restrictive) 2/
and so further lockdowns etc are *politically impossible* at the point they may stop it rising. Imagine - 3 months of almost no cases, not many deaths - but the exponential force is building, and then BANG 3/
Here @GeorgeDibb and colleagues have dived a little deeper into a topic I touched on in April: equity bailouts for the covid-wrecked: instituteforgovernment.org.uk/sites/default/…
But - as with my piece, you may say - the devilish details are still to be all filled in 1/
No self-respecting HMT official will hear of a broad plan to do this without muttering the word "Lemons", and asking "um, at what price?"
If there is a £1m loan outstanding to the bakery, how much equity does that get you? All of it? Half of it? 2/
... because if the bakery is a good commercial prospect, a private investor will get it. If not, the state picks it up. Result: the state gets a portfolio of rubbish companies
And note how many different kinds of magic IPPR want the equity to perform: 3/
A good example of the kind of document even a sceptical govt policymaker might be won over by 1/
The spinouts alone are fascinating 2/
Fusion in short is a neat manifestation of the sort of industrial strategy it is easier to believe in: not a nailed-on certainty*, but lots of spillover benefits, and they show their workings. 3/
*@PinsonRing is the account to follow for some smart scepticism
You know I'm not an uncritical fan of the UK government, but the past fortnight has really brought home how ridiculous is any comparison between Johnson's performance and Trump's 1/
Just play side by side the videos after emerging from hospital. Johnson really brought home how dangerous it is
But so much more: even if the PM did shift to economy-concerns early (in retrospect), this is nothing compared to the END LOCKDOWN idiocy we saw over the Atlantic 2/
and while our lot has been accused of hiding behind scientists - well, that's way better than actually *hiding* the scientists. Or promoting false cures. Or dissing masks
Why is the UK gov't so badly rated then? Well lots of valid reasons but.... 3/