Wolf: The inheritance of this crisis is: the government's failure, the worsening of the disadvantaged group, how to provide funds for the response to the new crown epidemic.Britain needs to learn lessons from failure.

For the United Kingdom, new coronary virus pneumonia (COVID-19, which is 2019) is a time to teach.We have realized that our political leaders are incompetent, our bureaucracy is invalid, and our economy is fragile.Not all aspects are: the Ministry of Finance and the British Bank (BOE) perform well.But there are really enough aspects, so it is not necessary to treat it.

The total number of new crowns in the UK ranks second in the world.The reaction was chaotic, and the blockade came too late. The detection, tracking and tracking plan still looked bad.Britain is lifting the blockade, hoping to control the virus this time.We wait and see.

The latest economic forecasts of the OECD (OECD) are also alert.Even in its single blow, that is, assuming that a new wave of epidemic will not erupt, the British economy will shrink 11.5%this year.If the second wave of epidemic outbreaks, the economy is expected to shrink 14%.Spain is the only economic decline in this year that may exceed the British Economic Organization member states.

The decline of the forecast economy reflects the failure to effectively control the epidemic in the UK.It also reflects how easy the economy that depends on the service industry is easily affected.

Now what?It is important to re -open the economy, primary and secondary schools, universities, and other aspects of life without re -ignition of another wave of irresistible epidemic.It is also important that in order to ensure a comprehensive recovery, how long it takes to support the economy will be supported.In view of the popular and wise support of the Bank of England, the British government can afford a large -scale debt, and they must be willing to do so.

The Economic Organization clearly pointed out that as long as there is a need, economic measures should be taken, and fiscal policy should be supported.With the cancellation of home isolation measures, policies should gradually shift from the protection of temporary measures for existing enterprises and employment to support for overall demand.The worst mistake that can be imagined is to withdraw from support prematurely.This will turn this deep -dying trauma into a lasting scar.

However, although it is more important to manage the current crisis better than we have done so far, it is also important to learn lessons from our failure.The most important thing in all lessons is to have enough humility.The management of this country is not particularly good in any way.On the contrary, in accordance with the standards of many similar countries, Britain performed poorly.Britain needs to learn how to greatly improve its own management.

In the debate on the future of the new crown epidemic, three lessons must be learned.

First, the government system has failed.We need a government machine that greatly improves effectiveness, flexibility and imagination.It is almost certain that we need to allow at least part of the essential public services to be no longer provided by privatization enterprises.The survey that must be conducted will have to be studied all.It must also examine how politicians make decisions.But a lesson can only be sucked by voters, that is, the exaggerated instigators will become a bad leader in the real crisis.

Second, we must face up to such a painful fact: this crisis has the greatest blow to the most weak groups, which makes us know how differentiated our society becomes.The recent outstanding report MDASH; MDASH; one is from the unequal report from the Institute for Fiscal Studies, and the other is a report from the Resolution Foundation MDASH; MDASH;This becomes obvious.Our society has become too fragmented, divided into guaranteed and non -guaranteed, safe and fragile.This needs to be changed.

Third, we need to think about who will pay for the substantial growth of the government's debt that is still so important in the past and now.The huge structural fiscal deficit cannot continue indefinitely.The special plan that has been launched correctly will end at appropriate time.But the effects will definitely last for a long time.Fiscal revenue may also continue to be sluggish.After 2010, public finances were almost completely adjusted by cutting expenditure.It must not happen again this time.The richest people will definitely pay more or less taxes in the end.

There are many other issues in the future.Isn't it a fantasy in the world of globalization today?What will happen to Britain withdraw from the European Union?Do we know how to accelerate the downturn of productivity growth?But the above points mentioned Mdash; MDASH; the government's failure, the worsening of the disadvantaged group, and how to provide funds for the new crown epidemic mdash; mdash; it is an obvious heritage of this crisis.If Britain does not learn and change now, when will it learn and change?

Translator/Pei Pan