Clearly, there is a need to update the analysis since mid-February with the disease becomming a "global pandemic," and now posing an immediate and grave threat to the global economy. We need to understand the media and the various parts of the political class' behavior, where it is not clear if there is politicized hysteria (predictions of millions of infections and deaths), or if there is a real fear of a loss of control of the epidemic in the so-called Western democracies, where the measures taken by China would be more difficult to implement. Still, the reaction of the state has been nevertheless draconian with an unprecedented campaign to effectively shut down any large social gathering. The unprecented measures seem to portend the possibility of an economic catastrophe on a scale that would pale the post-9/11 conditions and perhaps even surpass the 2008 financial crisis, but there is much that is unknown here. Just how much is media fear mongering in the age of populism and Trump? What is the scale of the coming catastrophe? Deaths in the thousands? Hundreds of thousands? Millions?
Moreover, how is it possible to struggle collectively, when you are being told by all the authorities that just meeting in groups is now medically dangerous?