Fears of Virus 2.0 will end globalisation
I predict if the Coronavirus won't end globalisation then fears over the next virus will.
Containment has failed and the virus is now unstoppable. Thats not a fact, but it is my considered opinion.
Western governments have not closed borders with each other and have not instituted proper quarantine processes. Instead they are relying on 'self-isolation'. This policy only slows the process of spreading the virus because so many flout it during the period when they have it but they don't know it yet.
These policies are consistent with the post-containment phase of public health plans. In other words containment has failed. Governments know it has failed. But no one has the guts to be first to say it.
It's possible that 'the people' may never forgive these days of deception. Its possible that when the truth is finally told they will, belatedly and pointlessly, demand that governments close borders. But now that the containment phase is over that will just cause more damage.
Governments will shrug shoulders and say we couldn't close borders or quarantine travellers before today because that would cause economic collapse. And they are probably right.
But when you meet the man whose elderly mother died from a flu he accidentally gave her you will be meeting an angry man. His angry family will demand answers and we will be tempted to look away, grateful and somewhat ashamed that our family survived. Then someone will ask the question: What happens next time there is a pandemic? What happens if its worse? What happens if its next year? And then the world will change.
Providing tailored solutions and structures to protect your wealth
5 年This reluctance to close borders and have strict quarantine controls for fear of economic collapse and jeopardising future economic relations will now play into the nationalistic political parties' policies and restrict future globalisation!
Family business consultant and teacher at MFBC Limited
5 年I was wondering the same. Add an anti globalisation mood and nationalism and maybe local will be the main disruptive force
Co-Founder & Chief Content Officer at Challau
5 年It is hard to disagree but also very difficult to agree with this perspective - only because we are so accustomed to adopting a global view at all times. Now that change is imminently upon us, how we continue to view globalisation, after we have lived through 'the now' should be very interesting. Thanks for providing some leading thoughts on this matter.
Multi-jurisdiction International Wealth Planner & Fiduciary Consultant
5 年The virus is already impacting my business, as I love to travel but I am now intending to cut business travel to an absolute minimum and if I ever take a holiday, during the contagion period, then it's going to be a "staycation"!
Lobbyist, strategist, writer
5 年It will certainly slow its otherwise remorseless rise. Hopefully it will persuade companies of two things: don't rely on China to manufacture all of your components, and the savings of a 'just in time' supply chain come at a cost.