Australia is officially in recession, the first time in 30 years, as it suffers from a disastrous economic fallout of the virus pandemic.
Tony Abbott, the former Australian prime minister, warned Tuesday, in a speech to the UK think tank Policy Exchange, that virus “hysteria” and draconian lockdowns are perpetuating the economic slowdown and have created a “something for nothing mindset” among younger generations living on furlough.
He said, “much of the media has indulged virus-hysteria with the occasional virus-linked death of a younger person highlighted to show that deadly threat isn’t confined to the very old or the already-very-sick or those exposed to massive viral loads.”
Abbott accused Victorian Premier Daniel Andrews of being a ‘health dictator’ by placing five million Melburnians under “house arrest.” He said politicians need to stop acting like “trauma doctors” and start adopting the mindset of “health economists” – as reckless money printing to sustain the country’s economy during lockdowns isn’t sustainable
“From a health perspective, this pandemic has been serious. From an economic perspective, it’s been disastrous,” Abbott said. “But I suspect that it’s from an overall wellbeing perspective that it will turn out worst of all.”