​Summary of Hermans Scale dynamics of grassroots innovations through parallel pathways of  transformative change Ecological Economics 2016 article (paywalled) This is applied to health in a subsequent insight

No economy can function well without adequate funding and in the absence of finance will eventually fall into recession. Funds (financial assets in the model) are primarily injected through investments. This is certainly true for investments and payments undertaken by the government but also for private investments via bank loans. Net exports (i.e.trade surpluses) also represent an injecton of financial assets into the economy. By contrast financial assets are taken out of the economy through taxation, the repayment of bank loans and the running of a negative trade balance. Also, if the population in aggregate decides to save more this has the effect as if money were taken out of the economy. I have deliberately avoided specifying where the funds for treasury payments and public investments come from, as this is controversial. Modern Monetary Theory, for instance, says that these funds are not provided through tax revenue. Austerity can be seen as a process that deliberately diminishes or takes out financial assets from the economy through taxation, restrictions on bank loans or cutbacks in payments and public spending by the government. It is probably useful to look at insights 2740 and 2741 before examining this CLD because they provide the context and purpose for net public spending and investment.

Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.

Simulation of MTBF with controls


The inverse curve is the trust time
On the right the increase in failures brings its inverse which is loss of trust and move into suspicion and lack of confidence.
This can be seen in strategic social applications with those who put economy before providing the priorities of the basic living infrastructures for all.

This applies to policies and strategic decisions as well as physical equipment.
A) Equipment wears out through friction and preventive maintenance can increase the useful lifetime, 
B) Policies/working practices/guidelines have to be updated to reflect changes in the external environment and eventually be replaced when for instance a population rises too large (constitutional changes are required to keep pace with evolution, e.g. the concepts of the ancient Greeks, 3000 years ago, who based their thoughts on a small population cannot be applied in 2013 except where populations can be contained into productive working communities with balanced profit and loss centers to ensure sustainability)

Early Life
Useful Life

Wearout

A sample model for class discussion modeling COVID-19 outbreaks and responses from government with the effect on the local economy.  Govt policy is dependent on reported COVID-19 cases, which in turn depend on testing rates less those who recover

INTRODUCTION

COVID-19

Coronavirus which was named COVID-19 is a respiratory disease which affects the lungs of the infected person and thus making such people vulnerable to other diseases such as pneumonia. It was first discovered in Wuhan China in December 2019 and since then has spread across the world affecting more than 40 million people from which over one million have died.

In the early discovery of the COVID-19, there were measures that were put in place with the help World Health Organization (WHO). They recommended a social distance of 1.5 meters to 2 meters to curb the spread since the scientist warned that COVID-19 can be carried in the droplets when someone breathes or cough. Another measure which was advised by WHO was wearing of mask, especially when people are in group. Wearing of mask would ensure that someone’s droplets do not leave their mouth or nose when they breathe or cough. It also help one from breathing in the virus which believed to be contagious and airborne.

The World Health Organization also advised on washing of the hand and avoiding frequent touching of the face. People mostly use their hand to touch surfaces which mad their hand the greatest harbor of the disease. Therefore, washing hands with soap will kill and wash away the virus from the hands. Avoiding touching of face also will prevent people from contracting the disease since the virus is believed to enter the body through openings such as eye, nose and mouth.

Another measure as a precaution from contracting the disease was to avoid hand shaking, hugging, kissing and any other thing which would bring people together. These were measures put to ensure that COVID-19 do not move from one person to another because of its airborne nature and the fact that it can be carried from the mouth or nose droplets.

Healthcare workers, in most of the countries, were provided with Personal Protective Equipment (PPEs) which helped them to protect themselves from contracting the virus. Healthcare workers were at the forefront in combating the disease since they were the people receiving the sick, including the ones with the virus. This exposed them to COVID-19 more than anyone hence more care was needed for them. Their PPEs comprised of white overall covering the whole body from head to toes. It also includes face mask and googles worn to prevent anything getting in their eyes. Their hands also were covered with gloves which were removed occasionally to avoid concentration of the virus on one glove.

COVID-19 affected many economies across the world as it greatly affected the human economic activities across the world. Due to the nature and how it spread, COVID-19 lead many countries to lockdown the country as we know it. Travelling was stopped as many countries feared the surge of the virus due to many people travelling form the countries which are already greatly affected. Another reason which travelling was hampered was due to the fact that the virus could spread among the travelers in an airplane. There were no proper measures to ensure social distance in the airplane and many people feared travelling from fear of contracting the disease.

This greatly affected the economy of many countries including great economies like USA. Tourism industry was the one affected the most as many country mostly depend on foreign travelers as their tourist. Many countries do not have proper domestic tourism structure and therefore depend on visitors who travels from foreign countries. Such countries have their economies greatly affected since the earnings from tourism either gone down or was not there at all.

Apart from locking down the country from foreigners, many major cities across the world were under lockdown. This means that even the citizens of the country were neither allowed in or out of the city. This restricted movement of people affecting greatly the human economic activities as many businesses were closed down especially transport businesses. The movement of goods from one places to another was affected making business difficult to carry out. Many people who dealt in perishable agricultural products count losses as their farm produced were destroyed because of lack of wider market. Some countries banned some businesses such as importing second hand clothes since it was believed that they could harbor the virus. Most of the meeting places such as sporting events and pubs were closed down affecting greatly the people who were involved in such businesses.

Across the world, schools were closed. Schools contain students in large numbers which could affect many students across the world. Learning was temporary stopped as different countries were finding ways of curbing the virus.

Scientist are busy like bees across the world to find the vaccine for the diseases that have ravage many countries and above all, they are trying to find the cure. Many countries have carried out their trial of vaccines with the hope to find an effective vaccine for the virus.

Meanwhile it is necessary to find ways by which the virus can be controlled so that it doesn’t spread to a point where it come out of control. Some of the measures put by the WHO has been highlighted above, but these measures need to be studied to ensure that measures which are more effective are affected at great heights. I therefore, have created a model in Insight Maker to check how these measures prove their effectiveness over time.