The Ultimate Stress Test: The American World That Covid-19 Reveals

The Severe Acute Respiratory Syndrome (SARS-CoV-2) virus, which causes Covid-19, seemed to emerge from deepest history, from the Black Death of the 14th century and the “Spanish Flu” of 1918. In just months, it has infected more than 1.5 million people and claimed more than 88,000 lives. The virus continues to spread almost everywhere. In no time at all, it’s shattered the global economy, sent it tumbling toward a deep recession (possibly even a depression), and left much of a planet locked indoors. Think of it as a gigantic stress test.

Doctors use stress tests to assess the physical fitness of patients. Governments use them to see whether banks have enough cash in reserve to honor their obligations to depositors and creditors in economic crises. The International Monetary Fund conducts stress tests on national financial systems.  Now, like several other countries, notably Italy and Spain, the United States faces a different, far tougher stress test imposed by Covid-19.  The early results are alarming.

Since the first infection in the U.S. came to light in the state of Washington on January 20th, the disease has spread across the country at a furious pace. Hospitals, especially in New York City, have been deluged and are already at the breaking point. And things will get worse -- and not just in New York.  Yet the most basic necessities -- protective masks, gowns, rubber gloves, and ventilators -- are so scarce that they are being reused, further increasing the risk to healthcare workers, some of whom have already contracted Covid-19 from patients.  The experiences of China, Italy, and other countries suggest that the disease will take the lives of many of these brave people; indeed, some here have already paid the ultimate price.

And this pandemic will subject our political system, economy, and society to a set of stress tests into the distant future.