Sweden Now Has a Lower COVID-19 Death Rate Than the US. Here’s Why It Matters
Sweden’s “lighter touch” COVID-19 strategy looks stronger with every passing week.
The year 2020 will go down in history as a historic calamity.
But this was not because COVID-19 struck (deadly respiratory viruses have existed as long as humans have), but because central planners erroneously believed the best way to protect humanity from an invisible respiratory virus was to order healthy people to remain in their homes under almost all conditions, in many cases under threat of fine or imprisonment.
Planners made the fatal mistake of ignoring F.A. #Hayek’s famous advice, delivered in his 1974 Nobel Prize-winning speech, to act humbly with their awesome power.
“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design,” Hayek later wrote in The Fatal Conceit.
“To the naive mind that can conceive of order only as the product of deliberate arrangement, it may seem absurd that in complex conditions order, and adaptation to the unknown, can be achieved more effectively by decentralizing decisions and that a division of authority will actually extend the possibility of overall order.
Yet that decentralization actually leads to more information being taken into account.”
The results of lockdowns have indeed been fatal. But it’s not too late to learn the truth of Hayek’s important lesson.
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