Ex Treasury Sec Summers: US Would Have Saved $10 Trillion If We Handled COVID Pandemic Like Pakistan

[Riaz Haq]

Speaking with Fareed Zakaria on US cable news network CNN, former US Secretary of the Treasury Lawrence Summers told Zakaria's audience that "if the US had handled the pandemic as well as Pakistan,  we would have saved around $10 trillion ". 

Ex US Treasury Secretary Larry Summers Praised Pakistan on CNN

After similar praise of Pakistan's handling of coronavirus by Bill Gates on CNN GPS show, this was yet another rebuke of Fareed Zakaria who never misses any opportunity to disparage Pakistan. It reminds us all  how wrong headed is his earlier statement that Pakistan "has done almost nothing as far as I can tell, you know, infections are not going crazy, death rates are not going crazy, there may be some underreporting"

Below I am reproducing a post I wrote on this subject on August 12, 2020: 

Interviewing Bill Gates on global fight against COVID19, CNN GPS host Fareed Zakaria said on Sunday August 9 that Pakistan "has done almost nothing as far as I can tell, you know, infections are not going crazy, death rates are not going crazy, there may be some underreporting". Needless to say, Zakaria's claim is debunked by "Government Response Stringency Index" and Google Mobility Reports which Bill Gates  is clearly aware of.  So he ignored Zakaria's claim and responded as follows:"Pakistan had a pretty bad peak in Karachi but those numbers have come down and now they look like Europe. India is still sadly in growth phase as is South America...in Africa South Africa is top...in the rest of Africa we've been funding a lot of testing because it's a bit opaque..what goes on in the lungs..you are more exposed to indoor and outdoor particulates even at younger ages you can get disease compared to let's say a rich country"

CNN GPS Anchor Fareed Zakaria

Data on Pakistan's Response to COVID19: 

Is Fareed Zakaria right? Has Pakistan really done nothing to fight COVID19 pandemic? Let's answer this question.

The first answer can be found in the video flashes from Pakistan that were playing as Fareed Zakaria was disparaging Pakistan's efforts to control the spread pf coronavirus. The video shows people wearing masks on the streets in Pakistan. It also shows a worker spraying disinfectant. Another scene shows worshippers wearing masks while sitting apart from each other in a mosque. Does Fareed Zakaria think "nothing" of what is visible on the screen in his show? Did he ask his producer what was being transmitted to the audience as he spoke?

COVID19: Government Response Stringency Index. Source: Our World in...

The second and more data-centric answer can be seen in the "Government Response Stringency Index" that tracks various restrictions imposed by governments to control the spread of coronavirus. The Index tracks restrictions including school closures, workplace closures, and travel bans, scaled from 0 to 100 where 100 is the strictest response. It's based on data from Oxford COVID-19 Government Response Tracker.  The tracker shows that  Pakistan government response was nearly as stringent as India's and more stringent than that of the United Kingdom.

Another indicator of restrictions comes from Google Mobility Index which also confirms dramatic effect of lockdown imposed by federal and provincial governments in Pakistan. It shows that mobility was down as much as 65% during the lockdown when compared with the period just prior to the lockdown.

CNN GPS Screenshot

Health Chief Dr. Zafar Mirza's Interview: 

What has improved the COVID19 situation in Pakistan? Is it just Pakistan's good fortune? Why is it so different from the situation in neighboring India where the infections are rising?  Is it the result of a series of deliberate interventions by Pakistan's government led by Prime Minister Imran Khan? What are the key factors contributing to falling coronavirus transmission rate in the country? Here are some  of Pakistan's Health Chief Dr. Zafar Mirza's answers to these questions that came to light in a recent interview with Pakistani journalist Bilal Lakhani:


1. There were 50 different interventions with 2300 smart lockdowns covering 47 million people based on data driven evidence of disease spread.

2.  Significant change in people's behavior with large percentage wearing masks and taking other precautions to prevent transmission.

3. A fall in positivity from over 22% to below 10%, and excluding Sindh, near 5% for the country.

4. Significant decline in hospitalizations and fewer patients in critical care.

5. The government staying the course while ignoring the mass hysteria for total nationwide lockdown like India's stirred up in the media came mainly from the well-fed rich and the upper middle class. The voices of the ordinary people and daily wage earners were not part of public discourse reported by the media.

Zakaria's Views on Terrorism: 

Fareed Zakaria has often talked of what he labels "Islamic Terrorism", a label that both Presidents Barack Obama and Geoge W. Bush shunned. Both ex presidents rejected associating terrorism with any religion. But not Fareed Zakaria who has essentially toed the Indian line of calling it "Islamic Terrorism" and labeled Pakistan as "epicenter of Islamic Terrorism".

Far from being objective, Zakaria is in fact a cheerleader for India, the country of his birth. In his book "The Post-American World", he describes India as a "powerful package" and claims India has been "peaceful, stable, and prosperous".

Summary:

Former US Secretary of the Treasury Lawrence Summers told Zakaria's audience that "if the US had handled the pandemic as well as Pakistan,  we would have saved around $10 trillion ". After similar praise of Pakistan's handling of coronavirus by Bill Gates on CNN GPS show, this was yet another rebuke of Fareed Zakaria who never misses any opportunity to disparage Pakistan. CNN GPS host Fareed Zakaria has shown yet again that he is incapable of being objective when it comes to discussing anything related to Pakistan. He claims that Pakistan "has done almost nothing" in fighting COVID19 pandemic, a claim that is debunked by "Government Response Stringency Index" and Google Mobility Reports. In fact, the video flashes from Pakistan that were playing as Fareed Zakaria was disparaging Pakistan's efforts to control the spread pf coronavirus show people wearing masks on the streets in Pakistan. They also shows a worker spraying disinfectant. Another scene shows worshippers wearing masks while sitting apart from each other in a mosque.  Fareed Zakaria's bias against Pakistan is ridiculously obvious to any objective observer who has even the slightest knowledge of the country.

Here's a video clip from CNN GPS Show:

https://youtu.be/KpAMVLwBJkM


https://www.youtube.com/embed/KpAMVLwBJkM"; width="560"></iframe>" height="315" src="https://img1.blogblog.com/img/video_object.png" width="560" style="cursor: move; background-color: #b2b2b2;" />
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[Akhtar Hussain]

Fareed had me fooled when he first appeared on CNN. I thought he will speak for the Muslims. BUT, he has been against Pakistan from day one.  This is how he caught the attention of the media. 

[Akhtar Hussain]

Riaz Sahib,  I would like to raise the issue of minimum wage in Pakistan.  Why does not PM Imran Khan raise the minimum wage.  It is essential to quickly address the inflation in Pakistan. Businesses must pay more at this point.  What do you think?

[Riaz Haq]

Will India Surpass China to Become the Next Superpower?
Four inconvenient truths make this scenario unlikely.

https://foreignpolicy.com/2023/06/24/india-china-biden-modi-summit-...

by Prof Graham Allison, Harvard's Kennedy School of Government

First, analysts have been wrong about India’s rise in the past. In the 1990s, analysts trumpeted a growing, youthful Indian population that would drive economic liberalization to create an “economic miracle.” One of the United States’ most thoughtful India analysts, journalist Fareed Zakaria, noted in a recent column in the Washington Post that he found himself caught up in the second wave of this euphoria in 2006, when the World Economic Forum in Davos heralded India as the “world’s fastest-growing free market democracy” and the then-Indian trade minister said that India’s economy would shortly surpass China’s. Although India’s economy did grow, Zakaria points out that these predictions didn’t come true.

Second, despite India’s extraordinary growth over the past two years—when India joined the club of the world’s five largest economies—India’s economy has remained much smaller than China’s. In the early 2000s, China’s manufacturing, exports, and GDP were about two to three times larger than India’s. Now, China’s economy is about five times larger, with a GDP of $17.7 trillion versus India’s GDP of $3.2 trillion.

Third, India has been falling behind in the race to develop science and technology to power economic growth. China graduates nearly twice as many STEM students as India. China spends 2 percent of its GDP on research and development, while India spends 0.7 percent. Four of the world’s 20 biggest tech companies by revenue are Chinese; none are based in India. China produces over half of the world’s 5G infrastructure, India just 1 percent. TikTok and similar apps created in China are now global leaders, but India has yet to create a tech product that has gone global. When it comes to producing artificial intelligence (AI), China is the only global rival to the United States. China’s SenseTime AI model recently beat OpenAI’s GPT on key technical performance measures; India has no entry in this race. China holds 65 percent of the world’s AI patents, compared with India’s 3 percent. China’s AI firms have received $95 billion in private investment from 2013 through 2022 versus India’s $7 billion. And top-tier AI researchers hail primarily from China, the United States, and Europe, while India lags behind.