The forcible prevention of Americans from doing anything except what politicians deem “essential” has led to the worst economy in American history since the Great Depression of the 1930s. It is panic and hysteria, not the coronavirus, that created this catastrophe. And the consequences in much of the world will be more horrible than in America.
The United Nations World Food Programme, or the WFP, states that by the end of the year, more than 260 million people will face starvation -- double last year's figures. According to WFP director David Beasley on April 21: "We could be looking at famine in about three dozen countries. ... There is also a real danger that more people could potentially die from the economic impact of COVID-19 than from the virus itself.”
That would be enough to characterize the worldwide lockdown as a deathly error. But there is much more. If global GDP declines by 5%, another 147 million people could be plunged into extreme poverty, according to the International Food Policy Research Institute.
Foreign Policy magazine reports that, according to the International Monetary Fund, the global economy will shrink by 3% in 2020, marking the biggest downturn since the Great Depression, and the U.S., the eurozone and Japan will contract by 5.9%, 7.5% and 5.2%, respectively. Meanwhile, across South Asia, as of a month ago, tens of millions were already "struggling to put food on the table." Again, all because of the lockdowns, NOT the virus.
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