Mohamed A. El-Erian: UK shows US the need for urgent COVID-19 action

The emergence in the U.K. of a new and more infectious variant of the COVID-19 virus sharpens an important “contrast and compare” health analysis between that country and the U.S. It sheds important new light on the immediate challenge the administration of President-elect Joe Biden will need to overcome if it is to have any realistic prospect of quelling the public health crisis by the middle of the year and of restoring inclusive and sustainable economic dynamism to the U.S. economy. It will also inform the continuing debate about what the deplorable mob attack on Congress on Wednesday means for the future of the U.S.