To understand how Seegene accomplished the fast development and production of the testing kits, we must grasp the four crucial values at play—values that we cannot afford to lose, even during a pandemic: reason, independent thinking, production, and freedom.
I know not what course others may take; but as for me, give me liberty or give me death.
Keynes’s futuristic vision also entailed a scientifically planned world of human heredity, ordered around a state policy of eugenics.
Evidence is mounting that the Wuhan China virus (“COVID-19”) won’t prove as deadly as first projected; yet there’s still a high level of hysteria and an ominous spread of deleterious economic and public health policies, amounting to incarceration (indiscriminate quarantines), monetization (redistribution of wealth), and nationalization (socialism/fascism). What’s needed instead – if health and wealth are desired – is deregulation, tax relief, and capitalism.
If there were no price controls or threat thereof, prices in the present situation would be high enough to keep stocks on the shelves.
With the stock market now crashing and many people facing unemployment in the wake of the ongoing pandemic, governments are reacting with a variety of measures allegedly aimed at stabilizing the markets and promoting economic security. What effects will these measures have on the economy? Will they address the root causes of the crash–or might they aggravate the situation.
An illuminating discussion by philosopher’s Onkar Ghate and Greg Salmieri, which takes a “big picture” philosophical analysis on the coronavirus pandemic.
In normal times the government supports many bad, irresponsible, and unjust policies, driven in part by perverse incentives. Not the least of these is an imprudent eagerness to please special interests. Emergencies and the resulting panic only further loosen whatever weak restraints there normally are against government misbehavior and malfunction.
When there is a shortage of medical supplies, going out of our way through nationalism, mercantilism, and “protectionism” to make them more expensive will hurt people. Free-market capitalism and free-trade amongst nations is the rational solution.
CAPITALISM REVIEW