Wouldnt necessarily be the case if neo-liberal views of how the economy works and could work were not treated as laws of nature. A significant part of (service) economies could work fine even with signifcant portions not going to work if markets and banking were (swearing in thatcherian church)...
A lot of interesting thoughts.
Personally I dont think this virus could be eradicated either. Its going to stick around. But if we look at the Asian flu and its "sequel" the HK flu - that would possible cause similar lockdowns if they came today - that flu is still around, only we seem less...
I've been thinking about this for a while.
People seem to take for granted that a vaccine will be done in 12-18 months (though there are no guarantees). But even if there is a vaccine, there's a good chance the immunity from it wont be very long - i.e. season flu vaccines generally only last...