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Culture War Roundup for the week of November 21, 2022

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There are a lot of novel bad things that are happening in America right now, ranging from inconvenient to life altering. The things I've been hearing about from my social circle include major tech layoffs, inflation, and increased serious illness due to diseases like RSV and flu hitting people in unexpectedly strong ways. My general response to this has been, "well maybe next time, we shouldn't shut down the entire world due to a relatively non-dangerous disease like coronavirus." Basically, I'm implying that there's a line of causation from COVID lockdowns of a few years ago to the economy now failing, and to people's immune systems now failing, etc. Do you think this is a fair response to take? To be honest, there's probably a lot of other factors at play as well that I'm not accounting for in that analysis, due to my unfamiliarity. These factors may include foreign issues, like Russia's invasion of Ukraine, leading to increased energy prices, etc.

C19 - Catchall term to refer to all covid mitigating restrictions such as lockdowns, capacity limits, mask mandates, vaccine mandates, money printing, eviction freezes, etc. Not the disease itself, Which specific item should be contextually obvious.

There are a lot of novel bad things that are happening in America right now

  1. America is relatively shielded from the C19 fallout relative to the world. So you are actually limiting the strength of your argument by limiting it to the US. There are certain very very bad things [1,2] happening in the third world that is certain beyond a shadow of a doubt is caused by C19.

  2. Your list is far far from exhaustive. And all of it becomes really dizzying when they confound a few times over and you get into nth order effects.

major tech layoffs

Quite obviously very related to C19.

Tech companies got much more traffic as people spent their sTimMiEs and could only shop online; and as a result hired a whole load of excess staff that they now have to fire as the money printing can't go on forever and said money printing induced inflation mitigation measures are put on by the fed.

inflation

Obvious.

I'm not going to make an technical economic argument because there are many people who can do it much better than me.

But much like the The First Law of Thermodynamics and Newtons Third Law; There Ain't No Such a Thing as Free Lunch. Closing businesses, closing factories, closing ports, all of it has a price, a rather steep one. You can cushion the punch in the gut of doing that for a long time, but there is no escaping the punch in the gut. The longer you cushion it, the harder you get hit.

I am absolutely bamboozled at anyone who questions this notion at all. The Economy is the creation/exchange of goods and services, not abstract numbers on a monitor, you have less of those going around, it doesn't matter what the numbers say. Seriously anyone who doesn't understand that shouldn't be allowed to talk about economics ever.

Also ridiculous amounts of wealth transfer can make the aggregates look good. But the AUC will be less.

Will the left ever talk about C19 being class warfare? I'll not hold my breath.

people's immune systems now failing

This is the hardest one to find a causal link for but I wouldn't discount it at all. My priors are much aligned with this being true than not.

And the mechanism for that doesn't have to be rocket science.

Bad health -> Bad immune system

Ofcourse staying at home and watching movies all day or months on end, working from home, not getting any sunlight, only eating dogshit you ordered off delivery apps, drinking more, is not good for health.

And that is discounting physiopsychological effects!

like Russia's invasion of Ukraine

I think the Ukraine war really was one of the best things that happened to The Establishment in a long time. It can act as a scapegoat for a plurality if not majority of the bad things caused by C19.

The fact that some of the bad things are a result of C19 is not even within the public consciousness.

It's always the supply chains or this things price going up or that things factory closing, when you dig into okay "why did that happen?"; It almost inevitably leads back to C19.

Immunity debt is a possibility but needs more studies.

We don't need to prove that public health interventions caused harm. Those who decided to implement them had to prove that they are safe and effective, just like we do with medicines.

A lot of inflation in Europe is not related to Ukraine. Maybe prices for energy could be explained by war in Ukraine but food is very questionable. Even if the price of grains is determined by global market prices, their impact on total food should not be that much.

Considering Ukraine and Russia are both massive food exporters I think the war could very easily explain surging food prices. A sharp drop in supply could send ripples through the global market.

No, most of the food in Latvia is not imported from Ukraine/Russia. Only very few products are actually imported from there.

Price shocks on a global market will still effect local consumer prices. If the supply of wheat goes down 10% you'll see prices rise across the board as countries and businesses globally bid up the price for a now scarcer resource. Latvian farmers can now sell their goods abroad for a premium to plug a RussoUkranian sized hole in the market, so Latvian locals still end feeling the pinch.

Very doubtful. The bus rides didn't increase when petrol prices increased considerably. Just because grain is more expensive now, doesn't mean that pizza prices should increase by 50% or so.

Some goods and services are more elastic price wise than others, but I think a fairly massive war between two countries that combined account for 25% of global wheat exports could explain most of the sticker shock in the food sector.

Yes, but it is not 25% of total global wheat production either. And in the EU agriculture is subsidised, and the prices farmers get hasn't changed much.

Ukraine played the role but I suspect that the usual reasons for inflation (like free money, supply chain disruptions etc.) played even greater role.