What We Ought to Learn From the Coronavirus

March 21, 2020 in News by RBN Staff

source: newswithviews.com

Stu Redman: What about the folks I came in with?
Dr. Dietz:  From Arnette? All dead. Which is why we can’t afford—
Stu Redman: What did you doWhat did you people do?
The Stand (1994)

Amanda Dunfrey: You don’t have much faith in humanity, do you?
Dan Miller: None whatsoever.
Amanda: I can’t accept that! People are basically good, decent. My God, David, we’re a civilized society!
David Drayton: Sure, as long as the machines are working and you can dial 9-1-1. But you take those things away, you throw people in the dark, you scare the s*** out of them? No more rules!
Ollie:  You scare people badly enough, you can get ‘em to do anything. They’ll turn to whoever promises a solution.
The Mist (2007)

I’ll start by saying that the media-inflamed hysteria over Covid-19 worries me a lot more than the virus does.

Markets have tanked worldwide; the Dow has lost almost a third of its value since the start of this month, including its biggest point drop in history: 2,997 on March 16.

Panic buying has set in. Political leaders have declared states of emergency. Businesses, school districts, government agencies have closed and may remain closed for weeks. Conferences and even major sports events have been canceled.

Frankly, the bubble on Wall Street would have popped sooner or later, but never mind that now.

Does anything justify the borderline-insanity surrounding this coronavirus?