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The price of the lock down.
As the UK government publishes its cost-benefit analysis of lockdown, Tim Knox and Jim McConalogue attempt to quantify the estimated costs that have been incurred in a new Working Paper, The cost of the cure.
Their estimates can be used as a benchmark against which the government analysis can be measured.
They find that the cost per year of life saved (QALY) ranges from nearly three times more than what the NHS is usually prepared to pay to over 80 times more.
Sector by sector, the Working Paper identifies economic black holes of:
over £70 billion for manufacturers;
£40 billion for the construction industry;
£35 billion for retailers;
£69 billion for small businesses;
£30 billion for hotels and restaurants;
£42 billion for airline-enabled international travel costs;
£7 billion for pubs;
£21 billion for rail transport;
£22 billion for car production and;
£29 billion for the arts and entertainment industries.
Other costs include:
Public sector net debt is expected to increase by £473 billion in 2020-21;
GDP has fallen by 11.3% in 2020;
Unemployment is expected to increase by between 450,000 and 2.45 million above pre-pandemic levels;
20,000 loss of lives could be lost from delayed treatment for cancer and other diseases;
16,900 additional domestic violence cases (on 2019) were recorded between March and June 2020;
Significant increases in depression (64% recording common depressive symptoms), anxiety (69% report increases) and loneliness (reports of loneliness parents of under-fives up by 1.4 million)
Significant increases in substance abuse including high-risk drinking among adults up by 3.7 million, 20% increase in opiate addictions, 39% increase in number of relapses among addicts;
A 25% to 30% reduction in learning among primary and secondary pupils, respectively.
So is it all worth it?.
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Corrupt establishments often create and use negative labels to undermine and vilify those who oppose their policies.
Here are some ways they achieve this:
### 1. Manipulation of Public Perception
Corrupt entities often manipulate public perception by labeling opponents in a negative light. This can involve framing dissenters as unpatriotic, unethical, or even criminal. By doing so, they shift the focus from the issues at hand to the character or motives of the opposition, thereby discrediting their arguments and reducing their influence.
### 2. Exploitation of Cultural Norms
Corruption can be deeply embedded in cultural norms, making it challenging to distinguish between acceptable and unacceptable behavior. In some cultures, practices that are considered corrupt in one context may be seen as normal or even necessary in another. Corrupt establishments exploit these cultural ambiguities to justify their actions and label their opponents as culturally insensitive or out of touch with local realities[2].
### 3. Rationalization and Socialization
In organizations where corruption is entrenched, corrupt behavior is often rationalized and normalized through socialization processes. This means that unethical practices become part of the organizational culture, and any opposition to these practices is seen as a threat to the established order. Opponents are labeled as troublemakers or outsiders who do not understand the "way things are done"[3].
### 4. Propagation of Myths
Corrupt establishments often propagate myths that justify their actions and discredit their opponents. For example, they may claim that corruption is necessary for efficiency or that it is an unavoidable part of doing business. These myths serve to normalize corrupt practices and marginalize those who challenge them[4].
### 5. Use of Media and Propaganda
Corrupt entities often control or influence media outlets to spread negative labels and propaganda against their opponents. By controlling the narrative, they can ensure that dissenting voices are drowned out or portrayed negatively. This manipulation of information helps to maintain their power and discredit any opposition.
### Conclusion
Corrupt establishments use a variety of tactics to create and use negative labels against those who oppose their unfair policies. These tactics include manipulating public perception, exploiting cultural norms, rationalizing corrupt behavior, propagating myths, and using media and propaganda. These strategies serve to undermine the credibility and influence of their opponents, thereby maintaining their corrupt practices and power.
Citations:
[1] https://www.peninsulagrouplimited.com/resource-hub/business-advice/bribery-and-corruption-in-business/
[2] https://baselgovernance.org/blog/culture-and-corruption-complex-relationship
[3] https://www.intechopen.com/chapters/1172018
[4] https://assets.publishing.service.gov.uk/media/57a08ccfed915d622c0015c3/WEDC-corruptionmyths.pdf
[5] https://www.classace.io/answers/explain-two-reason-why-a-higj-level-of-corruption-in-the-workplace-could-have-a-negative-imoact-on-the-company-productivity
DO YOU NOW UNDERSTAND?
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