Eeks lots of mischaracterised info here. Sweden v neighbours is an apt comparison.
But to do a proper cost benefit analysis, you have to make value judgements for some of the variables in your analysis where honest people can disagree. The biggest is the dollar value of a human life. You have to calculate that to do a legit analysis.
You also have to estimate the value of things that don't happen. Thus...no masking etc., how many citizens will do it on their own, what happens to the death rate and customers patronising rate of any business? And, what happens to the death rate when covid patients can't get into overbooked hospitals and get ventilator access?
Thus lots of moving parts. But a good C-B analysis would articulate these and make them transparent. Now imagine your In the ministry and you have to say we used $40,000 for a human life. How will the public respond?
The epidemiologists can calculate death rates pretty well once they understand the virus. Thus what number of deaths can the public stand?
But to do a proper cost benefit analysis, you have to make value judgements for some of the variables in your analysis where honest people can disagree. The biggest is the dollar value of a human life. You have to calculate that to do a legit analysis.
You also have to estimate the value of things that don't happen. Thus...no masking etc., how many citizens will do it on their own, what happens to the death rate and customers patronising rate of any business? And, what happens to the death rate when covid patients can't get into overbooked hospitals and get ventilator access?
Thus lots of moving parts. But a good C-B analysis would articulate these and make them transparent. Now imagine your In the ministry and you have to say we used $40,000 for a human life. How will the public respond?
The epidemiologists can calculate death rates pretty well once they understand the virus. Thus what number of deaths can the public stand?