Showing posts with label Neville Chamberlain. Show all posts
Showing posts with label Neville Chamberlain. Show all posts
June 25, 2023
Sir, I refer to Tim Harford’s “Is it even possible for countries to prepare for a pandemic?” FT June 24, 2023.
“Be prepared! It’s the scout’s motto. But prepared for what?” I was never a boy-scout but as I have understood that movement it was to be prepared courageously for the unexpected, not silently accepting a lockdown; and to be able to lit a fire without matches, not to learn to deploy sewage monitors.
So sadly, though Harford does indeed know much of economy, here I think he does not even scratch the surface of what’s most needed, like:
First: The understanding that, for a nation/society as a whole, a response to the pandemic can be much more harmful than the pandemic itself.
Second: That just as George Clemenceau opined, “War is too serious a matter to entrust to military men”, a pandemic is also too serious a matter to entrust to epidemiologists” Any preparedness against a pandemic must include a wide diversity of opinions.
Third: Information, information and information: With respect to this Harford mentions: “Joshua Gans, economist and author of The Pandemic Information Solution (2021), argues that we’ve learnt that pandemics can be thought of as information and incentive problems.” No, begin by giving the people full information and then let them understand and decide if and what incentives are needed.
In July 2020 I tweeted:
“Sweden kept all schools until 9thgrade open. Parents of children in 9th grade are almost always less than 50 years of age. In Sweden, as of July 24, out of 5,687 Coronavirus deaths 71, 1.2%, were younger than 50 years.”
“Conclusion: Keep schools open, keep older teachers at home and have grandparents refrain from hugging their grandchildren. Disseminating data on Covid-19 without discriminating by age, is in essence misinformation.”
Clearly information on the relation between Covid-19 and age was available but was not sufficiently provided. One explanation could be that the Covid-19 pandemic hit the world in the midst of a polarization pandemic. 17 October 2020 I wrote in a letter to FT “way too many polarization profiteers just don’t want harmony vaccines to appear.”
March 2020 I tweeted:
“In February, I visited Churchill War Rooms in London Reading UK’s plans of building up herd immunity against coronavirus, I have a feeling Winston would have agreed with such stiff upper lip policy: “I have nothing to offer but fever, coughing, chills and shortness of breath”
Sir, Neville Chamberlain’s spirit inspired UK’s pandemic answer. Just like he is present in the risk weighted bank capital requirements which incentivize much more the refinancing of the “safer” present than the financing of the “riskier future”
I summarized the result of the above three failings in a letter published by the Washington Post in October 2020 in which I stated: "Roughly 90% of all coronavirus deaths will occur in those 60 years of age and older. Equally roughly 90% of the virus’s social and economic consequences will be paid by those younger than 60. It’s an intergenerational conflict of monstrous proportions."
PS. Sir, if you are interested you might want to read what ChatGPT – OpenAI answered when I asked "Suppose a virus hits a nation, and to its authorities its evident that its mortality rate depends the most on age. In such a case, transmitting data to the population about the total number of deaths without discriminating this by age, could that be deemed to be misinformation?"
PS. Sir, you should be interested in the above, it evidences how humans can begin dialoguing with artificial intelligence, so as to have a better chance of keeping their Human Masters and appointed experts in check.
@PerKurowski
June 09, 2015
In Paris Conference we will hear many echoing Neville Chamberlain: There will be splendid planet earth for our time
Pilita Clark and Stefan Wagstyl report on “G7 in historic accord to phase out fossil fuel emissions this century”, June 9. Hurrah!
But when Stephen Harper, the Canadian premier, brings it down to reality mentioning that: “doing so would require “serious technological transformation…I don’t think we should fool ourselves, nobody’s going to start to shut down their industries or turn off the lights” it makes it all look much more that a historic hullaballoo… in preparation for all to come out of the Paris conference in December declaring, like any Neville Chamberlain: There will be splendid planet earth for our time.
As I have held for many years, any planet earth environmental agreement, if disconnected from the people will not work… and in that respect Governments, NGOs and Greens are not the people.
Also for me, to read about phasing out fossil fuel without phasing in nuclear power, which for the time being is the only available bridge between now and that “serious technological transformation”, shows this is not a real serious effort.
What do little me currently propose we do for our pied-a-terre?
For a starter… instead of allowing banks to earn especially high risk adjusted returns on equity on anything perceived as safe from a credit risk point of view, something which has no purpose and is dumb, we should give banks the incentives to earn those extra high returns on everything that seems to help sustainability (and job creation).
Put one and the same capital (equity) requirements for banks on all assets, for instance 8 percent, and then reduce these with up to 50 percent depending on planet earth sustainability ratings (or job creation ratings).
And please, please, please… stop talking about differences between rich and poor with respect to their responsibility to planet earth… we are all indigenous to our planet, and we all have the same human right to feel responsible for it. The “I am rich so I can take care of it better” has to stop.
PS. And forget about selling carbon emission indulgences for some fairly undefined sins in order to use the proceeds for some even less defined good deeds.
@PerKurowski
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