What Does Economic Law Have To Do With The Coronavirus

Economic law is an umbrella term regarding regulations and codes of conduct used both domestically and internationally. What does that mean? It means we have rules for what we can and cannot do when trading with other countries — even if it might seem like we don’t sometimes. These laws regard banking regulations, labor and services, tax law, debt, and even evironmental law. What does that all have to do with the coronavirus covid-19? 

A lot, it turns out.

Covid-19 has already had a major impact on the way Americans live their daily lives. That was made exceedingly clear when grocery store shelves emptied out seemingly overnight. And the mania hasn’t gotten anywhere close to dying down. In fact, because we’re only now ramping up the number of covid-19 testing kits in this country, we’ll probably see the number of cases spike over the next few days.

And that could mean even more panic and general unrest. Economic law helps determine how our country’s businesses react to the crisis. Many have already closed their doors voluntarily, while many have been forced into a mandatory shutdown as state and local governments try to restrict movement outdoors.

Many schools have closed down, but in states where the weather is warming up, parents have taken this as an opportunity to bring the kids outdoors — which means they’re missing the point of these closures completely. When the same kind of public indifference occurred in France, more draconian measures were implemented. Now, French citizens require a written document explaining their reasons for traveling if they decide to venture outdoors. They face steep fines for ignoring the government’s orders.

We can expect more drastic measures to be implemented here in the United States as well, but economic laws might require that some businesses stay open — or even that some people be allowed to travel freely. There’s a lot of red tape to implement measures meant to save us here, which means we have a lot of work to do if we want to remain safe from the coronavirus’s spread.

Wondering what you can do to help? 

First, stay indoors whenever possible. Some scientists believe that the virus can stay alive on surfaces for days. They also believe that people can spread the virus even when they have yet to display symptoms themselves. That’s why it’s so contagious, and that’s why people should restrict their movements. 

Second, take note of who may need help in your community. Know any older residents who are on their own? Check in on them — even if that means no more than making a quick phone call once a day.