Re:$3.4T has been wiped out of the stock market in a week
by gdubs on Friday February 28, 2020 @12:37PM
(#22444523)
This is something we’ll really only know in hindsight, but it’s reminiscent of the reaction post-y2k. People put in a lot of work to ensure there wasn’t a crisis, but the media narrative was that it was an overreaction (igniting all the work put in).
China — and this is not meant to give them a pass on all sorts of errors and shortcomings — took fairly dramatic measures and were well equipped.
My concern with this virus compared to SARS is that it spreads much easier, making the problem one of infrastructure and capacity to deal with a large number of cases all at once. E.g., how quickly can we ramp up to deal with a potential outbreak at scale in terms of ventilator beds, etc.
And if not for this, then the next one. Coronavirus has raised a lot of questions about our preparedness and strategy for coping with a pandemic — and personally it feels like we’re sleepwalking a bit here in the West.
China — and this is not meant to give them a pass on all sorts of errors and shortcomings — took fairly dramatic measures and were well equipped.
My concern with this virus compared to SARS is that it spreads much easier, making the problem one of infrastructure and capacity to deal with a large number of cases all at once. E.g., how quickly can we ramp up to deal with a potential outbreak at scale in terms of ventilator beds, etc.
And if not for this, then the next one. Coronavirus has raised a lot of questions about our preparedness and strategy for coping with a pandemic — and personally it feels like we’re sleepwalking a bit here in the West.