I am a capitalistic as they come. But I find calls to open the economy and let the chinavirus spread unrestrained, to be puzzling.
My opinion is based on math. Bill Gates has made accurate predictions about chinavirus since day 1. He has predicted that if left unchecked, chinavirus could infect 50% of any population. There are a little over 40 million people in Argentina. Imagine Mr. Gates is wrong by a factor of 1, so only 25% of the Argentine population becomes infected if China virus were allowed to spread unrestrained. That's a little over 10 million people.
Now compare that 10 million people to ventilators in Argentina - last I read, there are 8.500 ventilators in Argentina. Big Al has asked China for 1.500 more, but who knows? Of those 8.500 ventilators, only 20% are available; 80% are in use for other ICU cases. So today, there are perhaps 1.700 ventilators available in Argentina (.2 x 8.500 = 1.700).
This is all guesswork and assumptions. But if over 10 million people in Argentina are infected with chinavirus over a 6-12 month period, and in the best case there are 2,000 ventilators at any given time, you can do the math. The percentage of infected patients that receive appropriate medical intervention would be de minimus. Literally millions of patients infected with chinavirus would have to go without medical intervention.
Say Argentina frees up every ventilator (ignoring the fact that other ICU patients would probably die without those ventilators), so there are 10.000 available - best case scenario. Say at the peak, there are a million Argentine chinavirus cases. This means only 1% of the positive cases would receive appropriate medical care.
People say the fatality rate of chinavirus is only 2%-4%. Fair enough - but that's with appropriate medical intervention. Given Ecuador's experience, the fatality rate without medical intervention seems a lot higher than 2%-4%.
Now here is the problem: a significant percentage of those affected with chinavirus survive due to medical intervention. I repeat: for those infected with chinavirus, medical intervention saves lives.Conclusion: if a country has more chinavirus cases than ventilators, then people who would live with medical intervention, will die. If our assumptions have any accuracy, then at the peak, 1% of Argentines infected with chinavirus would receive adequate medical care. 99% would not. That's an appalling ratio.
Elected leaders face a choice. Flatten the curve and minimize deaths, while crushing the economy. Or crush the economy and save literally thousands (or millions) of lives. There is also a short term/long term choice. The lives will be lost in the short term. If left unchecked, chinavirus will result in internet images of body bags and mass graves (like in Ecuador and NYC). That will happen today. Contrarily, the economic effects will be felt in the future. No one knows what is in store for Argentina's economy and the world economy. It is likely to be bad. But how bad? No one knows. But politicians will deal with that later. Death from chinavirus comes today. Economic recession comes tomorrow.
I don't like state intervention, destruction of capitalism or restriction of my movement. But for me, the math justifies the decision.