Why the world worries about the virus 2.0 nuclear option

From Italy to New Zealand, irrespective of how well the virus was contained, governments acknowledge that fresh waves of the deadly coronavirus are likely and that the policy tools to mitigate the damage are limited. The hope is that localizing quarantines to towns, cities and regions will be enough to snuff out bouts of infections as they come…

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“Populations can be summoned to heroic acts of collective self-sacrifice for a while, but not forever,” political scientist Francis Fukuyama, author of “The End of History and the Last Man,” wrote in Foreign Affairs magazine. “A lingering epidemic combined with deep job losses, a prolonged recession, and an unprecedented debt burden will inevitably create tensions that turn into a political backlash—but against whom is as yet unclear.”

The political calculus is to try and it ride it out. Yet while efforts to get people back to stores, restaurants, bars and hairdressers demonstrate the urgency among governments of reviving economies, they also show the risks.

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