How do we tackle the marauding COVID-19 virus which has not only spread to every part of the globe but has also claimed millions of lives? The only way humanity seems to be able to fight back is to shut down everything, stop all kinds of activities, and recede to our homes . . .
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HOW ABOUT A BOOK? HOW TO SAVE LIVES AND LIVELIHOODS
How about another book?
The democratic industrial societies face a deeply-rooted institutional crisis. The accepted ways and means of living lead to frustration and anxiety rather than creativity and joy. The roots of this crisis are political and economic. These societies contain economies that pervert and obstruct the human life process and polities that are subordinate to economic vested interests. Karl Polanyi was a Hungarian emigr�ho witnessed first hand the cataclysms to which this political economic crisis can lead. He created a powerful social economic theory to analyze this institutional impasse and lay the foundation for social reconstruction. This book reviews Polanyi's life and work, his contributions to the methodology of economics, his concepts of social integration, his theory of market capitalism, and his view of freedom in complex industrial societies.
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COVID-19 Week 52 Update
Even as the COVID-19 vaccine distribution drive gathers steam in different parts of the world, a new ‘super-spreader’ strain of the virus has been detected in the UK. According to the country’s government, this new strain is up to 70% more infectious but there is no evidence to suggest that it is more deadly. Following the UK government’s statement, several countries stepped up testing of air passengers arriving from the UK and have already detected a few cases of the new strain.
A study by the Centre for Mathematical Modelling of Infectious Diseases, London School of Hygiene and Tropical Medicine, says the new strain is 56% more transmissible than other strains. “Nevertheless, the increase in transmissibility is likely to lead to a large increase in incidence, with COVID-19 hospitalisations and deaths projected to reach higher levels in 2021 than were observed in 2020, even if regional tiered restrictions implemented before December 19 are maintained,” the study adds. The authors of the study further warn that measures like the national lockdown imposed in England in November are unlikely to reduce infections unless schools and universities are also closed. “We project that large resurgences of the virus are likely to occur following easing of control measures. It may be necessary to greatly accelerate vaccine rollout to have an appreciable impact in suppressing the resulting disease burden,” the authors add
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