Australia's Covid Response Cost $934.8 Billion and resulted in 31 Times More Life Years Lost than were Saved: The Institute of Public Affairs By Mrs Vera West
A vast price has been paid across the world for the Covid mandates. Rather thn taking the Swedish and Japanese approach of not locking down the entire population, as is still being seen in communist China, Sweden and Japan moved to protect the most vulnerable people. The cost of the Covid madness has been estimated by a report from the Institute of Public Affairs, which concludes that the measures were a “humanitarian disaster.” The stark conclusion is that the lockdowns cost cost $934.8 billion and resulted in 31 times more life years lost than were saved.
So, who is going to be accountable, and punished for this disaster that caused misery, wrecking the lives of so many?
https://rebekahbarnett.substack.com/p/australias-covid-response-cost-9348
“A new report from Australian think tank The Institute of Public Affairs (IPA) calls Australia’s zero-covid strategy and its associated lockdown measures, “a humanitarian disaster.”
It’s easy to understand why the authors (Morgan Begg, Director of the IPA’s Legal Rights Program, and Daniel Wild, Deputy Executive Director of IPA) came to this conclusion.
They found that Australia's Covid response, which involved some of the longest lockdowns in the world, cost $934.8 billion and resulted in 31 x more life years lost than were saved.
Australian federal, state and territory governments threw out the evidence-based Australian Health Management Plan for Pandemic Influenza (written in 2014 and updated by the federal department of health in August 2019) in favour of an unscientific, costly, and frankly cruel zero-covid approach. It was an abject failure. IPA’s Hard Lessons reports quantifies just how much this failure cost Australia in life years, economic terms, and in educational losses.”
“Summary of Key Findings In response to the covid-19 pandemic, Australia imposed some of the strictest measures in the western world. The restrictions dramatically changed every aspect of society and human dynamics and engagement. This resulted in the fracturing of social cohesion and reduction in nearly every indicia of human flourishing. This report evaluates the harm caused as a direct result of covid-19 restrictions, in order to facilitate a robust assessment of the success of this strategy. It is important to note that this is not about “lives” vs “the economy”. The lives impacted by covid-19 are no more or less valuable than lives harmed by the response to covid-19. This report demonstrates that far more years of life will be lost due to the restrictions than have been saved. Thus, on a metric focused solely on the number of lives saved/lost the strict restrictions were a failure. In addition to this, the response to covid-19 has caused a significant reduction to the net mental wellbeing, economic prosperity, and educational levels of society. The main costs of the lockdowns are as follows: • There is a positive correlation between employment and life expectancy. Unemployment reduces life expectancy due to a number of well-documented causes, including cardiovascular disease; increased illicit substance and alcohol abuse, and suicide. The modelling in this report shows that the costs of joblessness and not working as a result for the first nationwide lockdowns in March and April 2020 were 31 times greater than the maximum possible benefits of all lockdowns throughout 2020 and 2021. The nationwide lockdowns imposed in March and April 2020 accounted for a total of over 1.8 million years of life lost due to joblessness alone. • Victoria was the most enthusiastic supporter of zero-covid policies, and therefore paid the highest cost. Victoria was responsible for 45 per cent of the lockdown activity in Australia, despite making up only 26% of the Australian population. • Australia suffered a net direct economic cost of $260 billion between March 2020 and June 2022. This analysis estimates that $111 billion of the economic cost was suffered in Victoria alone. • State and federal government spending in covid-19 measures up to the end of the 2022 financial year was $562 billion. Victoria committed $107.5 billion up to the 2022 financial year in zero-covid measures and economic stimulus directly tied to the economic consequences of lockdowns and other restrictions. • An estimate of the aggregated cost of the inflationary effects of zero-covid policies from 2020 to 2022 comes to approximately $82.8 billion, but the excessive inflation is expected to continue to mid-2024 meaning this cost will accumulate over time. • The combined direct economic costs combined with the total amount of covid-19- related state and federal government spending and the aggregated cost of inflation is currently at $938.4 billion up to the end of the 2021-22 financial year. Victoria accounts for $218.7 billion of the combined economic and fiscal cost of zero-covid.
All students suffered significant educational setbacks. This detriment was most pronounced in Victoria, where students missed more than five terms of in person schooling, which resulted in Year 9 students falling behind by the equivalent of 12 weeks and 17 weeks of reading and numeracy skills, respectively. • There are numerous socio-economic, recreational, lifestyle, and mental health harms as a consequence of lockdowns measures which have not yet been fully quantified but will be a significant ongoing cost of zero-covid.”
https://www.youtube.com/watch?v=6NoCwQqqh44
Comments