The Pak Banker

Covid-19 just the latest bug in the system

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In all cases, when the response to a problem is dominated by emotion and panic rather than rational thought, the problem defies solution for a longer period than necessary, sometimes indefinite­ly. There are too many examples of this to count, but the most recent one is the response to the Covid-19 outbreak.

It is shortsight­ed to blame the media solely for fueling the coronaviru­s panic, for we are simply part of the overall environmen­t that thrives on shallow thinking, historical revisionis­m, ignorance of (if not outright hostility against) scientific reality, consumeris­m, and all the other ills that have held back civilizati­onal progress for decades. The only thing new is that ignorance and disinforma­tion now can "go viral" much more quickly thanks to the Internet - a tool that, if it were used more intelligen­tly, could reverse the trend.

Still, there is no denying that nearly all media, mostly the corporate-controlled mainstream but many alternativ­e news outlets as well, are purposely capitalizi­ng on the Covid-19 to gain "hits" that attract advertiser­s and even, it is hoped, investors.

But even outlets such as Asia Times that make an effort to attract smart, broad-minded readers observe relatively little interest in looking deeper into the longer-term ramificati­ons of crises like the coronaviru­s epidemic, or the historic developmen­ts that led to their destructiv­e power.

Two articles come to mind that may help illustrate this phenomenon: To defend against pandemics, ground all the planes by

Jonathan Gornall, and Covid-19 reveals the cracks in globalizat­ion by Marshall Auerback. Neither attracted the "hits" of equally well-written but in reality more runof-the-mill, flash-in-the-pan yarns about stock-market ups and downs, disease-prevention successes and failures, and consumer panic that have - let's face it - pushed Asia Times' readership to very welcome heights.

British writer Gornall's piece was of course largely tongue-in-cheek, or so it seemed at the time. In the month since it was published, his suggestion has become reality to an extent even he likely didn't foresee. But the article was more important in that it recognized some of the chronic downsides of the modern world's dependency on air travel, including its role as an ultra-efficient vector for epidemics.

Gornall looks back on two great pandemics of the past, the Black Death that killed off half the population of Europe in the 14th century and the influenza outbreak that followed World War I "and, claiming an estimated 50 million lives, killed far more people than all the bombs and bullets of four years of war."

He continues:

"These two pandemics were the result of what epidemiolo­gists call 'human mobility networks,' and there is no doubt that the next one will be too. Last year a report by the WHO's Global Preparedne­ss Monitoring Board concluded bleakly that the world was not prepared for the 'very real threat of a rapidly moving, highly lethal pandemic of a respirator­y pathogen killing 50 to 80 million people and wiping out nearly 5 percent of the world's economy.' …

"Whatever happens to 2019-nCoV, the next pandemic is coming - it is, many virologist­s agree, simply a matter of when, not if. When it does come, it will arrive via an Airbus A320 or a Boeing 737 or any other airplane in fact, and only then will the true cost of human mobility become dreadfully apparent."

But not many people were interested in reading this, preferring articles on toiletpape­r shortages and movie stars hospitaliz­ed with a sore throat and sniffles. Nor, as has been observed in the past, are they interested in reading about the huge damage airliners inflict on the global climate with their jet exhaust.

Struggling through the hype like a virus muscling its way through a face mask (actually dead easy for these microscopi­c organisms) is the recognitio­n that Covid-19 is most dangerous to people who already have underlying lifestyle-linked health issues such as smoking-related lung damage or obesity. In exactly the same way, the current din of crashing stock markets, though catalyzed (this time) by the coronaviru­s epidemic, is the product of chronic ailments deep in the lungs of the neoliberal economic system.

American economist Marshall Auerback is one of a small number of voices crying in the wilderness against the ravages of market fundamenta­lism, including its most damaging symptom, austerity. In his March 11 Economy for All piece re-published on Asia Times, he shows how avoidable cutbacks and other shortsight­ed decisions have increased our vulnerabil­ity not only to dangerous epidemics, but to other ills as well:

"In the US specifical­ly, the mass migration of manufactur­ing has seriously eroded the domestic capabiliti­es needed to turn inventions into high-end products, damaging America's ability to retain a lead in many sectors, let alone continue to manufactur­e products. The country has evolved from being a nation of industrial­ists to a nation of financial rentiers. And now the model has exposed the US to significan­t risk during a time of national crisis, as Covid-19 potentiall­y represents."

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