On March 11, 2020, the World Health Organization declared Covid-19 a pandemic. This magazine published a cover-to-cover special issue that week—our last in the office—called “The Lost Year.” At the time, though, fear of the disease was leavened with hope that it might bring people together. In one of his eagerly watched press conferences, New York Governor Andrew Cuomo called Covid a “great equalizer.” So did Madonna, who released a video of herself mostly immersed in a rose-petal-strewn bathtub saying, “We’re all in the same boat, and if the ship goes down we’re all going down together.”
The ship went down, all right, but we didn’t all go down together. Covid amplified inequality—by race as well as income, gender, occupation, and nationality. For many, the lost year threatens to become a lost decade akin to America’s doldrums after the deep recession of 2007-09 or Japan’s long slump after its asset bubble popped in 1991.
The cumulative future damage is likely to be even greater than the havoc Covid wrought in its first, acute year. Doctors coined the term “long hauler” to describe patients with lingering health problems; society itself will be a long hauler. And the least-advantaged will suffer the most in damaged health, derailed schooling, and wrecked careers.
Denne historien er fra March 15, 2021-utgaven av Bloomberg Businessweek.
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Denne historien er fra March 15, 2021-utgaven av Bloomberg Businessweek.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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