According to a study by JP Morgan, reported in the Daily Mail, the lockdowns associated with the coronavirus have not altered the course of the virus, but did destroy millions of jobs.
Here is the basis of JP Morgan’s argument.
If the lock downs had been effective in limiting how many people came down with the virus, then once they were lifted, you would expect a spike in new cases. In fact, that has not happened. The majority of countries where the lock downs were lifted are seeing a reduction in new cases suggesting the virus has its own life cycle (see chart below).
And on a similar note, the report said initiating lockdowns did not alter the viruses’ transmission either, as the number of new cases escalated after they were put in place.
The Daily Mail writes:
‘While we often hear that lockdowns are driven by scientific models, and that there is an exact relationship between the level of economic activity and the spread of [the] virus – this is not supported by the data,’ the report says.
‘Indeed, virtually everywhere infection rates have declined after re-opening even after allowing for an appropriate measurement lag.
‘This means that the pandemic and Covid-19 likely have [their] own dynamics unrelated to often inconsistent lockdown measures that were being implemented.’ ….
The JP Morgan report includes graphs showing that ‘the vast majority of countries had decreased infection rates’ after lockdowns were lifted.
It seems that the only thing the lock downs really accomplished was destroying millions of jobs worldwide.