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.
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.
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