Evaluating the free market by comparing it to the alternatives (We don't need more regulations, We don't need more price controls, No Socialism in the courtroom, Hey, White House, leave us all alone)
"In the debate over coronavirus policy, there has been far too little
focus on the costs of lockdowns. It’s very common for the proponents of
these interventions to write articles and large studies without even
mentioning the downsides.
Here is a brief look at the cost of stringencies in the United
States, and around the world, including stay-at-home orders, closings of
business and schools, restrictions on gatherings, shutting of arts and
sports, restrictions on medical services, and interventions in the
freedom of movement.
Mental Health
Mental Health Data
Source
Region
During late June 2020, 40% of US adults reported to be struggling with mental health or substance abuse.
Reported
symptoms of anxiety were three times higher than they were in Q2 2019
and reported symptoms of depression were four times higher than they
were in Q2 2019.
Between
April and October, the portion of emergency visits related to mental
health for children (5-11) increased by 24% and 31% for 12-17 year olds
compared to 2019.
Unemployment
rate increased to 14.7% in April 2020. This is the highest rate of
increase (10.3%) and largest month over month increase in history of
available data (since 1948).
Mothers
of children aged 12 and younger lost 2.2 million jobs between February
and August (12% drop), while fathers of small children lost 870,000 jobs
(4% drop).
Between
March 9 and April 13 travel & tourism internships fell 92%; IT
dropped 76%, architecture & engineering 65% and telecommunications
65%. Accounting & legal internships fell the least, dropping 22%.
Cardiovascular
disease is the leading cause of death in the US; Premature
cardiovascular disease and stroke mortality costs $137.5 billion in lost
future productivity.
In
2018 patients visiting the ER for opioid overdoses are 100 times more
likely to die by drug overdose in the year after being discharged. They
are 18 times more likely to die by suicide relative to the general
population.
Arson
increased 19.2% in the first six months of 2020 compared to the same
time the previous year; and increased 52.1% in cities with populations
of 1,000,000 or more.
Restaurants
have spent an additional $7,400 on PPE and enhanced safety protocols
(training, cleaning, Plexiglas, etc.) which will take 66% of businesses 6
months to recoup.
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