Interesting perspective. Do we need to incorporate deliberate inefficiencies in future plans in order to improve resilience to post-COVID aftershocks?

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If the financial crisis taught us that we had become too efficient with our transactions, what of the COVID-19 pandemic? Why hadn’t we stockpiled key supplies and machines, built up hospital capacity, or ensured the robustness of our supply chains? The reason, of course, is that it would have been seen as inefficient and profit-robbing. Money spent on masks and gowns gathering dust in a warehouse could always be put to more ‘productive’ use in the marketplace. Likewise, employing more people than needed under ‘ordinary’ circumstances, or making products yourself rather than relying on international supply chains, would have been seen as inefficient. One lesson, then, is that to be better prepared next time, we need to learn to live less ‘efficiently’ in the here and now.
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#futureinsights #scenarioplanning #resilience

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