• Dr. Francis Yoo

Covid Contemplations - Economics of Lives

There is an underlying assumption I want to point out:

- Group E and Group L cannot both be happy; more lives saved means a worse economy and a better economy means more lives lost.

- The health of people AND the economy cannot both be helped at the same time.

This can be seen as proposing that we measure people’s lives with dollars or measuring dollars with lives. But is this assumption true? Should we be looking for ways to help the health of people AND the economy, ways to save as many lives as possible while finding ways to improve the economy?


Question / exercises

Did you or your loved ones contract COVID? Did someone you know pass away due to COVID? What emotions arise when people say that we should remove restrictions even if it means sacrificing the lives of people? Anger? Shame? Fear? Sadness? Happiness? Be honest and open but do not attack yourself or attack anyone else.


Did you or your loved ones suffer financially because of the restrictions instituted to battle the public health problem of COVID? Did you or someone you know lose a job or close a business and is struggling to pay bills and is worried about how to make ends meet. What emotions arise when people say that we should continue the restrictions to save lives even if it means harming today’s economy and people’s livelihood? Be honest and open but do not attack yourself or attack anyone else.


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