just look at the textbook definition of the concept.
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if we get hit with a pandemic of a disease that has a mortality rate of 50%, we will definitely have extreme lock downs. and rightfully so. it will hopefully take alot of time until human-to-human transmission will be a thing
*Edit - Just checked. Yes, it has 50% mortality but that is in the current form which has a low pathology. Any mutations that might allow it to better transmit to humans may impact it's mortality rate. At present, given that it is not spreading well, I don't really feel any concern.
Now, if people SO HAPPEN to start dropping like flies, I think the economy is the last of our concerns as the supply chain will completely crumble.
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