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>any company that set aside resources to protect against a pandemic after the Spanish Flu would have been operating with increased costs for a full 100 years I
by alasdair_ 6y ago
>any company that set aside resources to protect against a pandemic after the Spanish Flu would have been operating with increased costs for a full 100 years
It's not so much setting aside money for a certain very rare event, it's realizing that there are a LOT of low-probability events that are close to catastrophic and the chance of encountering one of these events is quite high in aggregate even if the chance of a specific event in the pool is low.
- titzer 6y ago> and the chance of encountering one of these events is quite high Indeed, and there are a lot of overlapping disaster preparedness steps that make sense no matter what the triggering event happened to be, so it makes sense to establish, e.g.: robust command and control infrastructure that doesn't rely on primary infrastructure, including communications and chains of command; stockpiles of strategic durable goods like medical equipment, rations, batteries, etc.
- int_19h 6y agoUnfortunately, long term, people tend to abandon them. US had many stockpiles before that it no longer does, because they were all sold off as "unneeded".