Why didn't the Spanish Flu lockdowns cause unprecedented unemployment? This strikes me as a critically important question. We know why the economy of 1918 was more robust to, say, an electromagnetic pulse. Why was it more robust to a pandemic? Because we want that robustness.
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Also human life matters more now!
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Population density, size of cities and transportation speed, frequency and volume were also major factors of difference
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The flu incubated in the trenches of WW1 and exploded as the war was ending. It's true that the country and economy were on a war footing.
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If you want that level of robustness, you kind of need an actual shooting war where every American leaves politics behind and focuses on defeating some actual human enemy. Without such a focusing event, you have the kind of political posturing you see every day.
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The war was ending in 1918 some folks were traveling home and returning to civilian Jobs? Or both? the war ended in late 19818
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There is a war on a virus now, and the government is busy paying off people to lose their jobs and businesses to slowly die, rather than mobilizing an effort to produce the goods we are running out of (ventilators, masks, lab reagents.)
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And there’s probably a second wave mid late summer and we get to do this again right?
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Also the world wasn’t as globalized so everything wasn’t a web of commerce that rises and falls together.
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Spanish flu. After the war.
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