This is a global health pandemic first. This is a economic article confusing the issues. The economy breaking down is a symptom not the disease.
I only read the article once, so I could be wrong about the details I remembered. The guys who wrote probably a couple of non-medical people who have PhD in another subject, so they are not dummies. This is what I think I remember.
1. They view the "waves" of infections as a global phenomenon.
2. The first wave hit East Asia. The second wave hit Europe. The third wave hit the United States and developing world. This sounds fairly accurate in terms of the timing. Who got hit and when.
3. This is the most important part, how the United States reacted to it. According to the data they displayed, it is out of control.
In the developing world, they do not have the best health care facilities, and they are too poor to remained locked down indefinitely. That was a point the authors wanted to make.
Lo and behold, the Americans are doing the exact same thing in some of their states/provinces, as what a developing country would do.
When I read that, I was shocked, so I post.
If that is what the numbers are saying, and that is the state's policy according to the governor, then we have to accept it, and whatever potential consequences that follow.