The Covid-19 Debt Trap

In 2019 Covid was already on the move in China. People in other cities around the world however, were more focused on the unfolding US/China Trade War roiling major industries and markets. By this time, their was political showmanship internally in America, underscored by growing domestic divisions. But then came Covid-19: SARS-COV-2, a new coronavirus with some alarming traits. Then everything stopped.

It was believed that the coronavirus emerged from a famous wet market in Wuhan. Few people knew that coronavirus especially, are often used in scientific exploits for their unique capacity to pass from animals to humans along with their high capacity for gain of function. Many around the world were so scientifically ignorant, that they were unaware of the prevalence and commonplace occurrence of non-deadly coronavirus or its scientific uses.

We would not learn widely until much later in 2021, that there was a biolaboratory in Wuhan funded by the US NIH (National Institute of Health) studying what some have argued to be gain-of-function research on bat-derived coronavirus. And, it would not be until the recent Ukraine Conflict in 2022 that we would learn the USA runs over 336 similar biological research facilities in over 30 countries worldwide (an average of 10 or more labs per country) according to data released from CGTN reports and US Congressional testimony.

This means that the star-spangled banner nation strategically funds multiple biological facilities administrated by the US Defense Department, the American ministry tasked with spearheading US military and weapons initiatives. Still, by the end of 2021 the virus seemed to have begun to wind down with a few subvariants developing.

New information emerged from a subpeoned Phizer study on the mRNA Covid-19 vaccine in late 2021 and early 2022. Within that study, not only did the world learn that the mNRA vaccine bore similar results to natural immunity, but also that it weakened immune systems in the first seven days of it being administered–allowing for wider infection in newly vaccinated people.

While debates may rage about the efficacy and safety of the Covid-19 vaccine, it remains that people are still catching Covid-19 (even with multiple booster shots). In a very real sense, it seems globally, both researchers and governments have gotten “lost in the details” on how to effectively manage the virus. And the key word is “manage,” as most governments, institutions and even citizens are stuck on process and protocol rather than outcomes.

What does it matter to vaccinate an entire population if they already have a 99 percent chance of surviving the virus WITHOUT the vaccine? And if they will simply contract the newest subvariant in about 180 days? The Phizer study revealed that people 55 and younger had a 99 percent survival rate and that the younger a dosage is administered, the likelihood of more side effects increased. Exposure to 3000 possible side effects may lead to major injury in the future from an experimental drug that still does not have the capacity to halt future infections.

Infact, random lockdowns continued to sap the earnings of the majority of the developing world, denying them the real financial gains of industry and revealing their over-dependence on foreign institutions for scientific research, processed goods, food, finance and manufactured equipment.

For nations that cannot print their own money, many fall prey to international loaning committees in the face of a hamstrung local economy. Promised gains of COVID-19 aid packages from international “goodwill” institutions manned by rich countries are often accepted at the expense of realistic participation in the world market which local industry needs to sustain long-term national growth. Top-heavy COVID-19 aid cannot reach the local level or drive local economies to grow the way domestic industry can. This puts power and control back into the hands of the traditionally “rich” countries as they endlessly print and dump worthless fiat onto the global “developing” world.

Even the EU sees this process in wresting support from its new Baltic members through worthless aid packages that will not revive local economies. Nevertheless the prospect of an aid package can get policymakers moving in one direction, even at the expense of local interests and cooperation.

Additionally, China’s own Zero-Covid policy has been weaponized against it as continuing variants mysteriously show up on the scene and shut down entire economic hubs. This is because many governmental Covid-19 protocols have been focused on process rather than output from the beginning.

What makes a pandemic deadly is its morbidity rate, not merely contagion or cases. The common cold is quite contagious but it won’t kill you. From the inception governments have been meticulously counting cases like an accountant tasked with calculating the sands of the Sahara. Emergency measures aren’t necessary if people aren’t dying at a significantly higher rate than the common flu.

Data has already proven that comorbidities were the real cause of SARS-COV-2 deaths, with the USA nabbing the lions share of casualties due to a sizeable unhealthy and aging population as well as disjointed healthcare systems. However that didn’t explain why other less advanced economies saw much smaller caseloads or why their leadership did not recognize that they were strangulating their own economies by following emergency policies that did not fit their level of infection, hospitalizations or morbidity.

Further, research began feverishly on a poison pill or a magic bullet to stop the virus. Management techniques–most notably in oxygen and transfusion therapies were all but left to on-site practitioners. Even as Covid-19 waned, there was never a major push to institute respiratory hospitals or increase research on therapies that mitigated risk for the hospitalized.

Today there are people being given shots with nearly 3000 side effects, quarantined and regulated for what now amounts to a glorified flu season. Thousands in Rich mandate-countries have lost their jobs behind jabs that could not do more than their own natural immunity. The derth in effective, common sense policies have not left rich nations unscathed as they battle for socioeconomic and military primacy in the face of dwindling internal stability and faltering external confidence. Inflation and shuttering local businesses mar the thin vaneer of performative prosperity reflected in its major multinationals and betting stock markets. More coronavirus will continue to emerge, as they always have, regardless of whether the origin is known or not. What remains is that not all are deadly or even possible to contain. And many governments the world over are ill prepared to create flexible plans that prioritize results over process.

Unfortunately, Covid-19 policy and aid promises have left some of the world’s fastest growing economies in stagnation. It has put them on the bread line, with hat in hand, to receive worthless fiat from traditionally wealthy countries who then easily push them around for major favors.

Fiscal and developmental Independence has been sacrificed on the alter of containing a virus with policies that contain economies. Particularly many developing nations, who well knew they did not have a fraction of the caseloads, hospitalizations or deaths of other nations. Now they must grapple with dying economies, discontent citizens and greater dependence on foreign aid or restructured loans. It is not a coincidence that several developing states are embroiled in economic upheavals and defaults after shutting economies and livilhoods for a pandemic that numerically never reached them.

The pandemic seems to have become a debt trap for many developing nations. The instability and inability to control currency and local markets have left aid-hungry governments naked to the wrath of their own countrymen as fuel and commodity prices spike. The growing domestic instability offers a boon to special interests seeking regime change
now that leaders are left to face an irate public and are often unaware of their dwindling popularity among key constituents.

As long as the headless horseman of process vs outcome Covid policy persists, the developing world will head back into the dark night of neocolonialist economics. They will continue pawning the future by borrowing heavily from the same old hackneyed international loaning institutions–and sadly, for a pandemic they could have solved on their own.

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