Let nature run its course?

It is already clear that the generally accepted model for development of this pandemic  (developed by Dr. Ferguson of UK) overestimated the extent of this corona virus pandemic.  That model was accepted by most governments and authorities and they have taken serious actions based on the assumed course of development of the pandemic described in the model.

One can argue that the fairly quick reaction by governments and the people reduced the extent, but that is a weak argument since people and finally governments would have eventually reacted to spread of the disease. So, we will never know for sure.

In other words, the end result could have been the same if we had let nature run its course and people reacted in real time as necessary.

And yes, I believe all of that to be true for economics events such as recessions as well as epidemics and pandemics.

About budbromley

Bud is a retired life sciences executive. Bud's entrepreneurial leadership exceeded three decades. He was the senior business development, marketing and sales executive at four public corporations, each company a supplier of analytical and life sciences instrumentation, software, consumables and service. Prior to those positions, his 19 year career in Hewlett-Packard Company's Analytical Products Group included worldwide sales and marketing responsibility for Bioscience Products, Global Accounts and the International Olympic Committee, as well as international management assignments based in Japan and Latin America. Bud has visited and worked in more than 65 countries and lived and worked in 3 countries.
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