Not with a bang, but a cough.
The coronavirus outbreak in China has me thinking about disease. Outbreaks remind me that this is quite possibly how the world ends: not with a bang, but a cough. Being ready for disease outbreaks is challenging. It is hard to know how likely they are, or how bad they’ll be when they start. Some seem serious, and fizzle out: others seem fine, and suddenly become crises (think how the yearly flu suddenly became Spanish flu in 1918, and killed more people than both world wars). In other words, pandemics are a black swan: a hard-to-predict, rare, and high-impact event. At the same time, preparing for them is a public good: the whole world benefits if a country has better disease detection and response systems, because it reduces how far the disease spreads. Like all public goods, I suspect that means the world is underprepared: for the same reason that no one wants to act on climate change, no one wants to be the one that invests in disease prevention as much as they should, ...