Melinda Gates Admits “We Hadn’t Really Thought Through the Economic Impacts” | ZeroHedge

melinda-gates-admits-“we-hadn’t-really-thought-through-the-economic-impacts”-|-zerohedge

11-12-20 01:42:00,

Authored by Jeffrey Tucker via The American Institute for Economic Research,

In a wide-ranging interview in the New York Times, Melinda Gates made the following remarkable statement:

“What did surprise us is we hadn’t really thought through the economic impacts.”

A cynic might observe that one is disinclined to think much about matters than do not affect one personally. 

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It’s a maddening statement, to be sure, as if “economics” is somehow a peripheral concern to the rest of human life and public health. The larger context of the interview reveals the statement to be even more confused. She is somehow under the impression that it is the pandemic and not the lockdowns that are the cause of the economic devastation that includes perhaps 30% of restaurants going under, among many other terrible effects. 

She doesn’t say that outright but, like many articles in the mainstream press over this year, she very carefully crafts her words to avoid the crucial subject of lockdowns as the primary cause of economic disaster. It’s possible that she actually believes this virus is what tanked the world economy on its own but that is a completely unsustainable proposition. 

Further, her comments provide a perfect illustration of the core problem all along: most of the people who have been advocating lockdowns in fact have no actual experience in managing pandemics. To many of these, Covid-19 became their new playground to try out an unprecedented experiment in social and economic management: shutting down travel, businesses, schools, churches, and issuing stay-at-home orders that smack of totalitarian impositions. 

Here is what she says: 

You can project out and think about what a pandemic might be like or look like, but until you live through it, it’s pretty hard to know what the reality will be like. So I think we predicted quite well that, depending on what the disease was, it could spread very, very, very quickly. The spread did not surprise us.

What did surprise us is we hadn’t really thought through the economic impacts. What happens when you have a pandemic that’s running rampant in populations all over the world?

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