This is arguing over whether the iceberg sank the Titanic or the decision to remove bulkheads to make room for the grand ballroom. It is of course both. Globa

This is arguing over whether the iceberg sank the Titanic or the decision to remove bulkheads to make room for the grand ballroom. It is of course both. Global supply chains and JIT delivery have made us more fragile. But China reacted well - locked down a region of 60 M people - then sent in the resources we of 1.5 BN to stop the spread to the rest of the country. Now they are basically hanging on till a vacccine. USA pandemic teams probably had similar plans - shutdown California for example - in other words steering away from the worst of the icebergs. Is China's strategy "best"? Hard call to make - especially now. But it beats many many alternatives.