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Resilience post COVID-19

Dr Ben Caldecott, the University of Oxford Smith School of Enterprise and the Environment
26 March 2020

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Ben Caldecott reflects on how a fixation on short-run cost optimisation has resulted in economic systems and business models that are not sufficiently resilient to shocks

In the UK we have designed our businesses, supply chains, market regulations, and public services in a way that systematically opens up our society to critical failures. We all know that Einstein once said that insanity...