The crisis of coronavirus (Covid-19) arouses dread, fear and fear among the world's population. The concerns expressed are justified by a number of events that have occurred in recent days: stock market crash (more than -12% over one day for the CAC40 recently ... an absolute record since its creation!), drop in economic activity (and therefore GDP to come), fall in crude oil (more than 50% in 2 months) and the containment measures taken by certain countries, including France.
What are the first societal consequences and lessons to be drawn from this crisis? A crisis which is far, very far from over ...
Regulatory closings of schools and businesses and the more or less generalized confinement in certain European states including France, also certainly testify to the distress of the governors vis-a-vis the dark picture which the specialists paint on the evolution of this crisis. Turnkey treatments research as well as discussions are underway to contain the pandemic. Until then, the global economy is at half mast and the curve is unlikely to reverse in the coming weeks ... or even In the coming months!
When we consult the various economic aggregates in terms of prosperity, we really have the right to worry about the fate of the world. But are the consequences of the Covid-19 pandemic only negative? What are the lessons for the future? We take stock of the repercussions of this epidemic crisis while specifying the notion, too forgotten, of happy sobriety.
What are the harmful effects of coronavirus crisis on the world ?
Virus that can be transmitted from one person to another, COVID-19 has an impact not only on the social habits of populations, but also on the global economy. At the social level, the expansion of the virus is growing more and more by creating a kind of psychosis at the level of populations.
Governments are taking action, are they sufficient?
Faced with this, governments have not hesitated to adopt restrictive measures. A quarantine of infected people was decided to limit the risk of spread. Unfortunately, these measures do not appear to be sufficient. Every day new people test positive for coronavirus disease around the world. This is why Italy, France and more and more countries have decided to set up a confinement of the population at home who must now stay at home as much as possible and has limited movement.
Unfortunately, fake news (or manipulation of the option, disinformation, infox, intox ...) are spread quickly and, unfortunately, not only on social networks via some frustrated ego! Thus, last night, Friday March 20, 2020, the French Minister of Health, doctor Olivier Véran, affirmed on French television that the contagion period was still only 14 days, while a study published in The Lancet March 9, 2020 (so 11 days ago) showed that it could reach 37 days! It is a serious fault for a person of its responsibility and its responsibility could (should?) Be questioned for "endangering the life of others"! The Lancet is the world's largest peer-reviewed medical journal in the world!
Publication on the contagion periods of the Covid-19 published in the Lancet on March 9, 2020
We can therefore legitimately ask ourselves the question about the powers of the French government to resolve this crisis as quickly as possible. Are not the highest health authorities aware of the latest scientific publications? Are we at war or are we having tea at Mamie's?
Among those infected, some have severe or severe forms of the disease, while others recover after only a few days of treatment. The care being provided by qualified medical staff, among the best in the world, but now overwhelmed and weakened by the successive budget restrictions of recent years ... In particular by the Macron government which has turned a deaf ear to their demands for months!
All the patients are not detected as quickly as we could wish and the serious or severe cases affect the elderly or fragile populations, we record many losses in human life ...
A great hope is the treatment of Coronvavirus with Plaquenil, following a Chinese study published in Nature on February 4 (but there are other effective molecules like Remdesivir). Unfortunately, the Professor Christian Perronne head of department at Garches, indicated on Friday March 20, 2020 at 19 p.m. on LCI that stocks in France had ... disappeared!
This video, admittedly a little clumsy (Professor Perronne spoke of "looting" which could be interpreted as "theft"), was the subject of a corrective article published this morning in Libération:
“Since this morning we have had orders to manage this product in short supply in the face of the explosion of orders barely the stock received. We are therefore awaiting instructions in order to distribute the stock between the different establishments. This decision to follow the lack of "good citizenship" of certain establishments which have clearly given instructions to their interns on duty to "empty our stocks" during the guards. We therefore deplore the lack of solidarity between establishments and this only increases our workload… ”
You can discuss this information on the subject of our forums: Chloroquine and Coronavirus which includes all the news about it.
One of the first lessons is therefore not to not blindly trust government claims. Check the information for yourself! The Internet is a great tool to do this… and some sites, like this one, help you to be better informed! For example here are the Coronavirus epidemic maps and statistics
According to a member of our forum, Brazil would distribute Chloroquine massively and free of charge to its entire population for a few hours:
Our Brazilian friends (my wife worked there for 3 years) received a box of chloroquine donated by the government. Distribution seems to be done state by state.
They started with Belo Horizonte. In their message it was said that each Brazilian would receive his box.
We are at war, and when we are at war, we must use all available weapons to destroy the enemy and this as quickly as possible ...
Severe economic consequences: the coming economic crisis will probably be worse than that of 1929
The consequences of this health crisis extend to other areas. According to the OECD, CODIV-19 is damaging the global economy. Economic forecasts are steadily declining following recent preventive measures taken by governments to stop the spread of the disease. In recent months, several activities have slowed down. Declines in turnover are increasingly pronounced and panic begins to win over companies in all sectors of activity (automotive, aeronautics, stock exchange, etc.). In addition, stock indexes around the world are posting record losses, with the Dow Jones down 13,5% and CAC 40 over 12%.
Containment measures and border closures are not helping the financial situation. According to economic specialists and analysts, the world is about to face financial chaos. The appearance of a vaccine would be beneficial for the many human lives involved, but also to save the global economy from sinking.
We can also predict, without taking too much risk, a explosion of bankruptcies and bank (or other) foreclosures in the coming months...
Seizures on bankruptcy, car loan or real estate ... Few people will be linked to a credit who will be spared the crisis and possible foreclosures! Unfortunately, neither a bank nor a bailiff no empathy… Even in times of major crisis as we are currently experiencing.
Socially, containment will also cause significant increase in divorces and marital separations. Some already point to an increase in domestic violence after only a few days of confinement… What will it be in 2 months?
Internet is also already largely impacted by containment of nearly a billion humans: many services are slowed down, restricted or even inaccessible ...
The positive impact of the Covid-19 crisis and post coronavirus?
By further reflecting on this crisis, we can glimpse some positive points. Indeed, the positive impacts on the environment cannot go unnoticed.
On March 10, the World Meteorological Organization reported that the global average temperature in 2019 was 1,1 ° C higher than pre-industrial levels. In other words, the planet is warming more and more due to human activity. The consequences for the environment are absolutely dramatic.
Reduction of CO2 and local pollution (Particles, NO x ...)
With this crisis, the limitation of thefts and automobile movements following the containment measures adopted by several countries should slowing down the slippage in greenhouse gas emissions, thereby reducing the risk of pollution. To date, the slowing down of economic activity in some states like China (which was recording up to 25000 / deaths per month from pollution) dramatically decreases the amount of CO2 released into the air. This is the case, for example, in China, which has seen its emissions drop by 1/4. The result is a sharp drop in pollution-related mortality.
The advent of this virus has also considerably limited violence, theft (difference of -4,3% between February 2019 and February 2020), as well as terrorism in the world. It seems that terrorist groups are themselves affected by the evolution of this virus. A new world order seems to be taking shape with a crystallization of all efforts towards a way out of the crisis.
The return of animal life!
Several videos posted on the internet report a return of animal life in anthropogenic exclusion zones!
On the professional plan, the virus has enabled the rise of one of the emerging modes of working from home: teleworking. It is possible to work remotely from any location (outside the employer's premises) on the surface of the globe, and some companies previously cautious about this prospect have put in place the necessary means to allow their workers , confined to their homes, to work from their homes. More respectful of the environment, this form of work is now enjoying tremendous success and perhaps heralds a future that is more concerned with the planet and our health.
What are the first lessons to be learned from this crisis (which is far from over)?
On analysis, the consumption habits of each other and the various economic policies of governments seem to corroborate a system of "unlimited growth" with the share of risks that this entails on a daily basis. It might be time to think about solutions for our societies, this is what we already call the crisis ofafter coronavirus
Many people have already taken the lead because the societal model of our society must take the lessons from this crisis!
Change model after Covid-19 ... or change those who have governed France for 30 years?
This crisis may already be showing us the way. If to date no vaccine has yet been found, it will have proven at least one thing: we can live in this world without living just to consume more and more, by depleting planetary resources less. Do we need to consume, work, produce and pollute as much as that to live? The answer to these different questions introduces us almost automatically into the notion of happy sobriety.
Added April 17, 2020. Aurelien Barrau summarizes the situation of the economic world BEFORE the Coronavirus crisis and gives some avenues to follow "Intervention at the" academy of the world after ""
Added on April 15, 2020. This 6-minute synthetic video on an economic paradigm shift to save the climate: "Rethinking our world"
According to some specialists, it is possible to slow, control or decrease growth without it actually having a negative impact on the happiness of most humans' vibrates. So why perpetuate a consumerist system that has just shown its flaws? Much work has been done on the subject and can be consulted. This is the case of the report entitled " Transforming the growth regime "From the economist Michel Aglietta. Thus, faced with this pandemic, it would be necessary to organize a growth of happy sobriety instead of suffering the misfortunes of infinite growth!
While waiting for her to emerge from this coronavirus crisis, perhaps we could already think about what everyone's well-being is, what are the senses and goals of our lives, and realize that he is totally us. possible to make our society evolve towards a more responsible mode of consumption and more respectful of our environment and future generations.
The coronavirus can be the mental trigger towards a new society… A true econology society!
2 comments on “Consequences and lessons of the Coronavirus Covid-19 crisis on society and the economy”
Another consequence, the fall in electricity production, therefore nuclear: https://www.lefigaro.fr/flash-eco/edf-envisage-de-suspendre-temporairement-des-reacteurs-nucleaires-en-france-20200416
“EDF plans to temporarily suspend nuclear reactors in France
The energy group has downgraded its production estimates, due to the slowdown in the economy. "
The consequences on the real estate market: https://www.econologie.com/les-consequences-du-coronavirus-sur-marche-immobilier/