Q&A: Economist Gigi Foster advocates Swedish model for Australian lockdown

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What are we sacrificing in terms of lives? Australia has successfully flattened the coronavirus curve after implementing tough restrictions. Professor Foster claims Australia would have been better off had a lockdown not been enforced because of the economic effects. Pictured are shoppers queuing outside a Melbourne supermarket on Monday. Her views prompted a shocked response from fellow panellists on the ABC program.

Economics Professor Gigi Foster (pictured) sparked controversy when per cent of GDP, which will have to be paid back at a future date.

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Appearing on Q&A, Professor Gigi Foster was immediately slammed by viewers on social media for her comments about the economic impacts.

With JobKeeper set to expire in September, the topic is more topical by the day. UBI: an idea whose time has come to many; anathema to many others. Government responses to the pandemic have heightened interest in the subject. The concept of universal basic income UBI or variations appeal to people at various points on the political spectrum, but could an income support scheme possibly be universal, adequate to live on and affordable?

Or is it a utopian distraction from the hard policy graft of allocating scarce tax dollars to those most in need? Alternatively, are there elements of UBI which could usefully guide post-pandemic welfare reform? A lot has been written, but there have been few actual public discussions in Australia and all seem to have been something of a rehash of the same main arguments for and against. This discussion will take UBI out of the largely conceptual realm it inhabits and into a practical Australian context.

We also aim to raise the bar for public discussion more generally, staging a genuine dialogue between speakers with very different views, rather than an adversarial debate. The intention is to establish enough common ground to explore issues collaboratively and point to areas for further reflection and discussion, to policy options and trade-offs, even to possible resolutions and solutions.

Gigi Foster on Q&A: Economist says Australia shouldn’t have gone into coronavirus lockdown

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NOTE – NEW DATE Join the Economic Society of Australia for a Gigi Foster (​Professor, Director of Education at the University of NSW) and.

What are we sacrificing in terms of lives? Australia has successfully flattened the coronavirus curve after implementing tough restrictions. Professor Foster claims Australia would have been better off had a lockdown not been enforced because of the economic effects. Pictured are shoppers queuing outside a Melbourne supermarket on Monday. Her views prompted a shocked response from fellow panellists on the ABC program. There were 6, cases as of Tuesday morning, with more than 4, recovered.

Professor Foster believes human welfare costs should be considered more broadly. Pictured are people in Melbourne on Monday. Incidents of mental health. Professor Foster later proposed Australia could implement a herd immunity strategy until a coronavirus vaccine was found.

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Author. Listed: Gigi Foster. (@) (School of Economics, University of New South Wales). Registered: · Gigi Foster.

We discuss ideas such as a statistical life and quality-adjusted life years in regards to the COVID19 pandemic, and her view that the closure of borders and severe lockdowns in Australia were a mistake, even if the worst case scenario of , deaths were to eventuate. See also www. With fuck all in your savings account, you decide to drown … Read More. This year the festival will stage an online version of the event, accompanied by a program of online seminars and events throughout the Festival period.

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Gigi Foster

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Gigi Foster and Adjunct Prof. Bill Bowtell will also be expressing their personal opinions on QandA tonight. Freedom of speech is critical in our democracy, so protecting academic freedom is of the highest importance to UNSW. Sweden, about Prof Foster said going by the current death count in Sweden it was about 0. Why are you advocating for them to die? Have we thought about the unemployment effects and the mental stress?

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After her University of New South Wales colleague Adjunct Professor Bill Bowtell, who is also a strategic health adviser, told the panel he felt the virus could be eliminated from Australia, Professor Foster called his assessment an “unrealistic vision”. She then pointed to Sweden as an example. The Nordic nation has not imposed lockdowns, and social distancing and working from home have been voluntary.

Professor Foster responded with: “I’m comfortable with saying let’s be data driven in our policy choices and look at what’s happened in other countries. But Macdonald said Sweden’s strategy held no advantages, citing its GDP down 7 per cent and unemployment rate 9 per cent. Macdonald labelled the comment “heartless” and read out Victoria’s daily coronavirus statistics. Professor Foster’s argument was rejected by Professor Bowtell, who called her out for her views, not only on Sweden, but on allowing the elderly to simply succumb to the disease.

The heated exchanged followed Professor Bowtell — who was at the forefront of Australia’s response to the advent of HIV — saying Australia was not responding to the outbreaks in Victoria and New South Wales urgently enough. Citing the current daily and weekly case numbers, Professor Bowtell said the situation in those states was getting out of control, but said he believed it was possible to eliminate coronavirus in Australia by Christmas. And we know what works and we know what doesn’t work so well.

So let’s get on with it and let’s just knock this thing out. Senator Gallagher accused the Government of not having a plan in place for the future if the job situation worsened.

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Economics Professor Gigi Foster (pictured) sparked controversy when she appeared or per cent of GDP, which will have to be paid back at a future date.

I woke up this morning to see twitter in absolute meltdown. An evil, rabid, Trumpkinaut, neo-liberal, has appeared on ABC television and dared to suggest there might be trade-offs in economics. So, if somebody wants to hug their grandchild, fine. But people in nursing homes who can be quarantined, yes, we should protect them. The economy is about lives. So, has anyone here actually thought about how would you get a measure of the traded lives?

When we lock an economy down, what are we sacrificing in terms of lives? Economists have tried to do that, and we try to do it in currencies like the value of a statistical life, or the quality-adjusted life year, or the wellbeing year. And those quantities enable you to think about lives on one side versus lives on the other. And, I mean, if you do that kind of calculus, you realise very quickly that even with a very, very extreme epidemic in Australia, we are still potentially better off not having an economic lockdown in the first place, because of the incredible effects that you see not just in a short-run way, but in many, many years to come.

How can you say that?

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