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Swedish Killing Machine Lessons On Lockdown vs. No Lockdown

 

Swedish Killing Machine Lessons On Lockdown vs. No Lockdown

Courtesy of Lee Adler

I put together this data today on what happens when a country foregoes lockdowns. Sweden made that choice from the beginning. It’s demographically similar neighbors, Denmark, Norway, and Finland had strict lockdowns.

As you can see, the three neighbors have gotten their outbreaks under control. Sweden has not yet, although case numbers are coming down.

The 3 neighbors have started to loosen restrictions and reopen businesses.Their combined population is 16.7 million. They’ve had 26,346 cases and1,106 deaths. Sweden has 10.1 million people, and has had 33,843 cases and 4,029 deaths. The 3 amigos currently have less than one tenth the number of active cases as does Sweden. Sweden had 7 times the number of new cases on Monday as the 3 amigos.

A couple of observations. Finland and Norway are low density countries like Sweden. It’s understandable that they would do better than Denmark. But their case numbers per capita were less than half of Sweden’s. Their deaths per capita were around one eighth of Sweden. And yet Finland tested from 50% more people per capita than Sweden and Norway tested more than twice as many. It suggests that Sweden’s case numbers and deaths are understated relative to actual cases and death.

As if the official numbers aren’t bad enough.

Denmark has 6 times Sweden’s population density. If there was any question about the value of lockdowns it would have shown up in this geographically tiny, high density country. Its case number per capita were only 58% as great as Sweden’s, and its death rate was 1/4 of Sweden’s. And Denmark tested 4.5 times more people per capita than Sweden did.

Sweden chose death. And it succeeded. It’s still succeeding. Did it gain anything in terms of jobs? Sweden’s April unemployment rate was 8.2%. That’s up from 7.1% in March, and 6.2% in April 2019. Denmark, Finland, and Norway, haven’t been posted yet for April. Those numbers should be out this week.

Their numbers should be materially worse than Sweden’s. What a shock it would be if they aren’t. Sweden would have killed thousands of people for nothing.

Just a little case study in what happens when a country goes about its business as if everything is normal during a deadly pandemic. Not surprisingly, more people die, and jobs disappear anyway.

Check out Lee's Liquidity Trader here.

 

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