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I agree on all fronts. Preparedness is the clearest way. But our economy (and capitalism in general) don't reward preparedness, in fact they often punish for it
by astockwell 6y ago
I agree on all fronts. Preparedness is the clearest way. But our economy (and capitalism in general) don't reward preparedness, in fact they often punish for it. I read some article about how building slack into systems is equal to building resiliency into them. How can we build an economy that aligns incentives to be resilient?
- physicsgraph 6y agoThe same applies to pandemic preparedness. There is no incentive for a hospital to over-provision beds that are empty most of the time. Looking for examples of cultures and organizations that over-provision, the military might be an example. Why do we translate worry about physical attacks into action but not cyber attacks or environmental harm?
- Leherenn 6y agoBecause we have had millennia to observe the effects of physical attacks, but the other 2 are much more recent? We haven't yet learnt the hard way.
- tw25460241 6y agoThe underwriting of business ventures goes back at least three centuries, and the market process aligns incentives pretty well. But if you think you can price over/under-preparedness better, that sounds like a profit opportunity for you.