The chief constraints on the world are physical and temporal. Abundant information, however, helps us evade and sometimes conquer these facts of life. Without the internet, life in the middle of the COVID-19 pandemic would be far nastier and more brutish, even more solitary, and shorter, too.
In our current predicament, the fundamental shortcomings of space and time are amplified. SARS-CoV-2 can’t replicate without our cells and our proximity to each other. So we separate for a period longer than the viral lifetime. Yet our bodies need calories, and time does not stop for debts and rents to be paid.
So we must buy time with information.
Extreme physical dis-connectivity requires extreme virtual connectivity. The speed of the virtual scale-up has been impressive. Teachers have adroitly shifted to meet with 30 million school children online. Colleges the same. Zoom video conferencing has spread faster than the virus, and Microsoft Teams added 12 million users in just one week, growing by more than a third to 44 million. Communities are leveraging social networks to support neighbors in a crunch. The government is (finally!) allowing doctors and patients to use FaceTime and Skype for remote video check-ups. The American internet infrastructure has handled increased demand admirably, with internet service providers and mobile carriers adding capacity and suspending data usage limits.
Not every activity can be replicated online, however. And so we call on the wealth generated by our information-rich economy. Cash infusions, liquidity, loans, and forbearance can smooth away the sudden halt of face-to-face work — at least for a time. Massive investments in hospitals and medical supplies will save many of today’s ill, and tomorrow’s too. Wealth in a very real sense is resilience.
But wealth must be constantly regenerated. We can only rely on past productivity for so long. And so we must get back to work — as quickly as possible, in as many places as possible.Read More