The coronavirus pandemic shows why the West must transform its economic logic

22 April 2020 (Last Updated April 22nd, 2020 14:18)

Robert Skidelsky in the New Statesman

We must end our dogmatic reliance on global supply chains and adopt “just-in-case” thinking.

Billions of dollars are spent stockpiling weapons of mass destruction. The same logic should be applied to stockpiling weapons of mass salvation.

For example, a world authority could be tasked with maintaining a strategic reserve of medical supplies needed to support the life of everyone on earth for three months – in the face of a limited range of drastic events.

Such stockpiling could be done nationally or regionally.

Read the full article on The New Statesman