Let Entrepreneurs Solve COVID-19
Until now, governments in America have never shut down society like they did due to COVID-19. Unfortunately, the destruction by the novel coronavirus and the lockdowns have devastated lives and livelihoods.
But we must consider not only the effects we can see such as the number of cases and deaths reported, but also the unseen effects of government action, such as sidelining entrepreneurs to solve problems.
There’s no doubt that daily reports of (often flawed) COVID-19 data and the responses by government have elevated fear among us. But what’s worse is that the lockdowns have substantially limited our Creator’s design for us to be social, and sidelined entrepreneurs’ ability to conquer this disease.
The first is self-explanatory. Even if you don’t believe in a Creator, the evidence of the harm lockdowns have caused or contributed to is heartbreaking.
There’s evidence that the situation has resulted in increased suicides, more cancer deaths, worsened mental health, and elevated cases of severe child abuse. And as many businesses closed their doors, Yelp reports that more than half won’t reopen.
Less business activity has contributed to GDP growth in the second quarter likely contracting by a record pace, 12 million more people unemployed, and many Americans on welfare programs.
The psychological and economic tolls this Great Disruption is having on Americans will be long-lasting. We need a proven path that safely deals with the real issues surrounding COVID-19 while allowing us to be social and conquer the disease more quickly.
We must put entrepreneurs back in the game.
The entrepreneurial spirit is unlocked in our typical system of free enterprise with limited government intervention. This spirit creates a process of risk and discovery through profit-loss that has created breakthroughs by entrepreneurs in conquering fear and improving lives and livelihoods.
Just think about how this system has benefited people across the globe by eliminating many infectious diseases, largely eradicating famine, and substantially reducing poverty.
These include allowing the U.S. to overcome the Spanish flu in 1918, the diphtheria peak in 1921, polio outbreaks in 1916 and 1952, and swine flu in 2009 without governments locking us down. That allowed entrepreneurs in health care and elsewhere to design innovative ways to overcome these obstacles.
We’re told this time is different, so more severe restrictions were necessary. While possibly necessary for the elderly and the vulnerable, it’s questionable for everyone else.
For example, Stanford University’s disease prevention chairman Dr. John Ioannidis said, “For people younger than 45, the infection fatality rate is almost 0%. For 45 to 70, it is probably about 0.05%-0.3%. For those above 70, it escalates substantially.”
By allowing fear from COVID-19 headlines to drive government decisions instead of the full context of the situation, we lose many opportunities to improve our world.
Entrepreneurs are trying to conquer our fears despite the draconian government policies.
They have done this at the businesses we all frequent by helping to reduce the virus’ contagion including using Plexiglas dividers in stores, requiring masks for entry, and creating stickers to help with social distancing. Their innovation has been alive and well at restaurants by expanding the use of mobile ordering and even food delivery robots to keep selling their foods. There are many more finding therapeutics and ultimately a vaccine.
But these extraordinary measures to deal with COVID-19 are just the tip of the iceberg to what human ingenuity could bring if our entrepreneurial spirit is allowed to thrive. But governments have been using political calculations to address a problem they can’t do well, if at all.
Governments don’t work well in a crisis.
They are short-sighted and wrongly impose one-size-fits-all policies that often fit very few. The same is true this time around with universal masks, lockdowns for everyone, or closings of specific businesses rather than focusing on protecting the vulnerable populations.
Not opening government schools to in-person instruction would make the situation worse. That’s why many parents are seeking alternatives, such as informal school “pandemic pods” and homeschooling.
Let’s give entrepreneurs (meaning all of us) the opportunity to seek solutions to the COVID-19 situation as we have many times before, so that we will have increased liberty, more calm, and greater flourishing.
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Vance Ginn, Ph.D.