People in years to come will speculate on the reasons why so many developed countries went for lockdowns, and on such a scale and for so long. The economic, social, cultural and psychological damage is so great that future generations will wonder at the insanity. There are going to be a lot of ruminations on this in future, so here are some brief thoughts from yours truly:
Technology reduced the costs to certain classes of lockdown: A lot of people, myself included, have been able to work from home and run a profitable business. Modern tech tools have enabled this to happen. It is fashionable to rag on Big Tech and all the gadgets we have, but they have been crucial. Before the internet, this would not have been so possible. And I suspect the government pre-internet could not have got away with long lockdowns. Infrastructure is important.
Central bank Quantitative Easing (creating money from thin air by buying assets): This has inoculated (geddit?) governments from the fiscal short-term consequences of lockdowns. UK debt now exceeds GDP for the first time since the end of WW2. Central bank fairy dust reduces the pain. Since the 2008 financial crash, much of the developed world has been on a morphine drip. It is addictive. Mainstream economists, even those who profess to support free markets, think this is okay. But at some point the wheels will come off.
The mainstream media: Much of the modern media is full of people who are college/university-educated, and have imbibed much of the Big Government/Precautionary Principle mindset. Nearly all of the MSM criticism of governments during the pandemic has been about them not being even more harsh. There are some dissenting voices, but generally quite marginal. This has created a climate in which governments operate.
There is a natural fund of goodwill (although it is eroding) towards most governments trying to cope. Several senior figures such as Mr Johnson got very ill. There is natural sympathy.
The role of social media platforms will be analysed in how views and panics spread. In fairness, I have seen a lot of examples of contrarian points of view, including some nutty stuff, so I am not so sure how big an “enabler” social media is.
Fear of death: although it is too glib to say that the decline of mainstream religious belief opens the doors to paranoia about death, since people with a secular, philosophical view of the world can face mortality, it clearly must be a factor. Again, preventing death, even if it means creating a living hell, seems a bargain a lot of people are willing to take.
Trust in vaccines: modern science appears to be quicker at coming up with cures and treatments, and we have the growing field of genetics etc to thank for this. A paradox of this is that it means people are even more cautious because they don’t want to put health at risk if there is a vaccine along the way.