This is an archive article published on May 7, 2020
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A mantra for post Covid world: We need a slower pace of life with greater investment in social well-being

A somewhat slower pace of life even if that means slower growth of GDP numbers with greater investment in social well-being should be the mantra. Preparing against a future black swan, howsoever remote, is of utmost importance.

Written by: Pramod Garg
6 min readMay 7, 2020 09:26 AM IST First published on: May 7, 2020 at 01:45 AM IST
coronavirus, global COVID-19 pandemic, Global supply chains, india healthcare system coronavirus, covid-19 india healthcare system, underemployed labourers, Indian express Except for a few hotspots, India is doing well when compared to other countries.

Plague, the disease caused by the bacterium Yersinia pestis, had devastated mankind for centuries but was ultimately tamed. Today, the COVID-19 pandemic has plagued the world like a tsunami. While plague was considered a disease of the poor and backward societies, COVID-19 respects no boundaries, class, or creed.

In his celebrated work, The Black Swan, Nassim Nicholas Taleb hypothesised a black swan event as one that is unexpected, rare, and has a wide-ranging impact. The present crisis, a sound proof of his theory, has the potential to change the existing world order. Rationalists will surely try to explain and write multiple obituaries of the crisis given the benefit of hindsight and armed with some conspiracy theories. But it will go down as the most humbling of times in modern history. A crisis of such magnitude and impact mandates sound solutions. The society’s focus has blissfully shifted to science.

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