As of April 28, around 4.2 billion people (54% of the global population), representing almost 60% of global GDP, were subject to complete or partial lockdowns all over the world. (source: https://www.iea.org/reports/global-energy-review-2020/context-a-world-in-lockdown)
While countries like UK (at earlier phase), Sweden and Brazil are responding with more relaxed measures by placing economic activities as their priority over public health, majority of the press media are condemning such crisis management which seems to aim towards herd immunity.
Indeed, it is controversial to trade-off between Economy and Public Health.
In the eyes of business people, GDP performance and financial figure are what they are judging at.
From social economy perspective, we tend to monetise each human's life and well-being.
However, there are some parts of the world where the people would rather die of virus than die of famine, for example in India.
People said this virus does not discriminate between poor and rich, however social distancing can be hardly achieved among these vulnerable communities.
Post pandemic, such inequality will become more pronounced.
Another trade-off during amid this crisis is between information Transparency vs. Public Response Management.
While most people are staying too free during lockdown, a lot of so-called "fake news" are being shared through social media. Most may cause anxiety and result in mental health disturbance.
This could be the reason why some authorities are using their power to restrict free speech and whistle blowing...
While countries like UK (at earlier phase), Sweden and Brazil are responding with more relaxed measures by placing economic activities as their priority over public health, majority of the press media are condemning such crisis management which seems to aim towards herd immunity.
Indeed, it is controversial to trade-off between Economy and Public Health.
In the eyes of business people, GDP performance and financial figure are what they are judging at.
From social economy perspective, we tend to monetise each human's life and well-being.
However, there are some parts of the world where the people would rather die of virus than die of famine, for example in India.
People said this virus does not discriminate between poor and rich, however social distancing can be hardly achieved among these vulnerable communities.
Post pandemic, such inequality will become more pronounced.
Another trade-off during amid this crisis is between information Transparency vs. Public Response Management.
While most people are staying too free during lockdown, a lot of so-called "fake news" are being shared through social media. Most may cause anxiety and result in mental health disturbance.
This could be the reason why some authorities are using their power to restrict free speech and whistle blowing...
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