Who should bear the losses?

It may be better for governments to bear the losses upfront than after the damage is done

It now looks clear that we must learn to live with coronavirus, as the active case count is unlikely to fall to zero anytime soon. This may still be possible in pockets like Kerala, where active cases have now dropped by more than two-thirds to double digits, and for the more than 300 green districts. But in most of the larger states, with active cases in thousands and cases still doubling every 8 to 12 days, assuming an early resolution would be unwise.

Thus, the curtailment of economic activity, an outcome of social distancing, necessary to fight the virus till a