January 27, 2020

RICHARD FERNANDEZ: The Giant Institution vs The Virus. “This illustrates how giant totalitarian governments like China’s can be at a disadvantage in dealing with emergent events. What it gains in ruthless response cannot always make up for lost response time caused by the official denial of embarrassing facts. That explains why establishments are often surprised by events like Brexit and Hillary Clinton’s shock loss. They are unexpected because they were not in the 5 year plan. They arrive like a bolt from the blue. When the unexpected happens the official Narrative often increases the reaction time of the system. While events are slow moving there may be no penalty but in the fast moving global world threats like the coronavirus may hit the public even before institutions admit it exists. The old model of globalization has paradoxically both speeded up the rate at which events occur and slowed the rate at which behemoth transnational institutions can respond.”

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