The Covid-19 public health crisis will undoubtedly test our society. We have already seen how alarmist reporting and harsh measures by governments contribute to hysteria and selfishness. On the economic side, income, debtors and financial institutions will come under immense pressure. The question is: is this worth it?

For some hardliner economists the welfare losses associated with the “precautions” are outweighing the loss of life of the ageing and vulnerable. However, we should not forget the importance of compassion in our society. Compassion means “to suffer together”. We have to decide whether we want to let thousands of people of our parents and grandparents’ generation die and continue as normal, or fight this public health crisis with everything we can...

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