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No it couldn't have been prevented under the current system of global capitalism. No market forces means no research done by private companies. This kind of for
by typon 6y ago
No it couldn't have been prevented under the current system of global capitalism. No market forces means no research done by private companies. This kind of forward thinking project requires billions of dollars of funding by the government into large-scale public programs - something the US public has been allergic to since the 80s.
Preventing another pandemic means rethinking how the incentives in this current system are structured.
- tachyonbeam 6y agoI agree that it's a matter of changing the incentives. It seems possible though. Governments are pulling trillions of dollars out of thin air for relief measures. They have the ability to print money and have been expanding the money supply since there has been money. It's a matter of allocating said money to the right things. Maybe instead of keeping zombie companies alive through zero-interest debt, we should be letting badly managed companies die, and fund critical research instead, as well as infrastructure projects. That would create jobs and help us build a better future.