Completely agree that history will show. Unfortunately our media have painted a picture of economics vs pandemic response which has so far proven the exact opposite of reality. Countries that have got it under control are already well outperforming (economically) those countries that either didn't or did it half arsed. Doesn't take an economics PhD to predict that gap is only going to widen.I don't consider myself a moron, many others might, but I think the response has been a ridiculous over the top panic to a relatively small threat. I have said it from the start and will continue to say it. I am confident history will show it the greatest mis-spend on health by many orders of magnitude. If that makes me a moron, so be it.
If our economic indicators comparatively (globally) were showing us doing poorly then I would agree with your analysis but that isn't what we are seeing. People also seem to think we've blocked all international business which is miles off reality. Yes some industries can't operate across borders when people movement is complicated but plenty can still. I've had conversations where people say "WA is propping up the country with mining" and then the next sentence "having no international trade is killing us". Um.....?