Community immunity = endemicity = metastable state where only random fluctuations are possible but no epidemics (not enough energy in the system for it to happen).
Is it? In the real world (not a mathematical formula) treatments are improving, vaccines being developed, medicine is moving very quickly. I would much rather get COVID-19 today than March 2020, for example
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By this time next year, there is a very good chance that we will have some form of widespread vaccination. While this may still lead to endemic disease, the likelihood is that it would still drive deaths down substantially
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This is, I think, one of the issues of people with no experience in infectious disease treating the pandemic as a purely theoretical exercise. There are hundreds of externalities that a very simple mathematical model does not capture
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