And when the next virus emerges from the Amazon rainforest that we humans are felling at an unprecedented rate? Or from under the Siberian permafrost which is melting due to climate change? Who are you going to blame then?
Bottom line - if a single viral outbreak can bring the entire global economy to its knees, and turn us all into volunteer prisoners, then you’d have to agree this system we’ve collectively built is not particularly robust.
I don't know if I would call a 3% drop "to its knees". I don't mean to nitpick, things aren't good, but I think it's important to acknowledge that our economy is absorbing the shock much better than you'd expect from reading the headlines.
I’d suggest that it’s way to early to be making the call that we’re handling this well. I’d also estimate that globally there’s been around $50 trillion in QE. Is this something we could “handle well” once a decade? Once every 5 years? Once every 2 years?
I believe we’re at an inflection point. Part of me is fascinated to see what comes after (for me “after” = over the next decade).
Part of me is very scared. I’m glad I’m in the last third of my life.
Bottom line - if a single viral outbreak can bring the entire global economy to its knees, and turn us all into volunteer prisoners, then you’d have to agree this system we’ve collectively built is not particularly robust.
EDITED to correct spelling.