-
The Politics of Covid

Naturally the focus on Covid has been on those who’ve paid the ultimate price. Over 3.2 million deaths and counting since the virus was first recognised at the end of 2019. The numbers of the dead are followed by the infected, estimated at 154 million and counting although it is widely accepted to be a huge underreporting of the actual tally. Behind the dead and the ill are those who’ve been caught up in the shockwaves of the pandemic; those who’ve lost their livelihood, their education or a sense of a future in the fallout of the worst global crisis in a generation.
Where there is less consensus is around the political fallout of the pandemic. There is an inherent contradiction at the heart of how political leaders have fared in this time. On one hand their decision making, whether to lock down or not, what public health measures to mandate or not – have repercussions like no other public policy choice. Unlike education or economic policies which may take years to demonstrate success or failure, the brutal short-term nature of a wildfire novel pandemic means that the choices can be reflected almost immediately in rates of death and infection.
Yet simultaneously there is the desire and hope from all political tribes and parties for their governments to succeed against this invisible enemy. Opposition parties have had to negotiate this constructive criticism without being accused of trying to score petty political points.
There is a spectrum of political response to the pandemic. At one end there is extreme denial as to the disease and the scale of its impact, typified by former American President Trump and President Bolsonaro of Brazil. Their approach has been characterised by a dismissive narrative as to the seriousness of the disease and a more faith-based hope that things will simply ‘get better’. Crucially in times of popularity they oppose lockdowns and restrictions on normal life. In the US 38% of Americans approved of Trump's handling of the health crisis in January of this year, a not insignificant number. By contrast in March 54% of Brazilians regard Bolsonaro's handling of the crisis as bad or awful.
The other end of the spectrum is the most cautious approach to the virus combined with the most significant restrictions or use of laws to protect public health. Although we must caveat it by remembering that she leads an island nation with a small population, Prime Minister Jacinda Ardern has been lauded for her approach and was rewarded with a landslide election victory in October.
Where things become slightly more complicated is how negative responses to handling the virus have been reversed by support to a country’s vaccination programme. In the UK for example the Government oversaw the worst death rate in the whole of Europe and saw them fall being in some polls in November of last year. Since then though their huge investment and rollout of vaccines has seen them bounce back to a health poll lead.
Likewise, in the US recently elected President Biden has experience a ‘vaccine bounce’ and recently received the highest marks for his handling of the coronavirus pandemic, with 65% supporting his response. Ninety-percent of Democrats, 61% of independents and 39% of Republicans said they approved of Biden's response, the poll showed. Indian Prime Minister Narendra Modi will be hoping that the dip in his popularity that has coincided with India being gripped by a terrible wave of the virus, can be recovered by a vaccine boost. It would appear that the vaccinated survivors of Covid are happy to reward Governments responsible regardless of their record on fatalities to date.
The political debate ahead, certainly for wealthier countries, is around what post-Covid freedoms will look like and at what cost. In the UK for example there is a simmering conversation around the use of ‘Covid passports’ which have a huge range of connotations from civil liberties to basic principles of fairness between those who’ve been vaccinated and those who haven’t. The key lesson to date though is that polling tends to show that people express preference on the basis of the moment – e.g is country in crisis or not – and the future – i.e is the country emerging more rapidly into a normal situation or not, rather than looking backwards as to decisions and/or mistakes made so far.
by: James Denselow
You May Also Like
Popular Posts
Caricature
BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
opinion
Report
ads
Newsletter
Subscribe to our mailing list to get the new updates!