Coronavirus: Global Crisis Requires Unilateral Action
April 3, 2020
Reflecting on the events occurring since December 2019, the Coronavirus or COVID-19, has evolved from an Asian contagion to a global pandemic. The timing of this pandemic is impeccable, exacerbating the problems and exposing many of the global economy’s internal contradictions and flaws. Not only has travel been halted and borders shut down across the globe, but this pandemic has had an enormous effect on the international supply chains. This article will address the good, the bad, and the ugly that go hand in hand with the events of the global pandemic caused by the Coronavirus and suggests what the near future will look like.
What’s going on?
This respiratory disease has been sweeping the globe with panic and paranoia these last few months. This pandemic has made everyone conscious of who they’re coming into contact with and the varying levels of severity with regards to social distancing and committing to self-quarantining.
Not only has the Coronavirus isolated age groups, races, social classes, and put pressure on our healthcare workers and essential city workers, but it has also further highlighted the levels of social inequality that so-often get overlooked. For example, at first notice of the Coronavirus coming to America, families everywhere rushed to their local supermarkets to stock up on canned goods, water, and toilet paper. This seemingly meaningless trend in consumer culture of placing value on toilet paper, speaks to the level of misinformation and anxieties that swept the nation.
This global pandemic has not only undermined global health security, but also brought enormous negative impacts with regards to economics, financial and political terms. The human race needs to come together as a whole during trying times like these and recognize how interconnected we all are. Observing what has happened in China and Europe, it is undeniable that every individual must take the necessary precautions to protect themselves.
Although effective fiscal and monetary policies have been enacted to maintain global supply chains and ensure global financial safety and stability, this economic and social damage caused by COVID-19 has just begun. In order to resuscitate the global economy, national security officials have come to the agreement that collaboration must be had to overcome the global pandemic.
Though some companies have been able to compensate their workers with paid time off, furlough, or working from home situations, many workers have been laid off. Looking towards the future, with the near past in mind, one cannot overlook the skyrocketing rates of unemployment. As nearly 6.6 million Americans have filed for unemployment benefits in just two weeks, the Labor Department reports the loss of 10 million U.S. jobs. These numbers match the unemployment rates that were prevalent during the Great Recession in 2008 that lasted for about 18 months. While the numbers gradually increase, the unpredictable nature of the Coronavirus leaves the potential to be more detrimental towards the global economy in the long run.
Every human being must recognize the severity of the situation. It should no longer be the main focus to protect one’s own family and life, but rather, protecting humanity and future generations to be prepared. The best thing we can do is stay informed, be compassionate, have trust, and look forward to a brighter future.
Millions of people are now on lock-down, committing to their social duty to self-isolating and reducing the amount of potential exposure to the virus. As we continue in the next few months to tackle normalcy, while working or attending classes remotely, we must take this time to check-in and appreciate the privileges, opportunities, and resources that we do have. Taking a positive outlook on a negative and uncontrollable situation, the environment is also thriving from the lack of industrialization and human production that so-often pollutes the earth. As we move closer towards summer and stray from the rainy and cold temperatures of flu season, we must trust our healthcare providers, scientists, and communities that every day we stay inside and self-isolate, we are working closer to a solution as a collective.
Take this time to call your loved ones, work on a good habit, or attend a virtual happy hour. We must understand that everyone is affected to some extent, regardless of the severity. Social distance, quarantine, and staying at home does not imply shutting the outside world off. Understand the historic nature and economic impact that the events of COVID-19 have, but not to the overwhelming point of letting it fuel anxieties. Now is the time to come together in unison as a human race, to lean on one another and persevere this trivial time.