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Did Capitalism Fail During the Pandemic?
The Soho Forum Debates
Impact of Shareholder Value and Globalization on Pandemic Preparedness
The focus on maximizing shareholder value made the country vulnerable during the pandemic due to a lack of preparedness. Globalization further exacerbated the situation by leading to extensive outsourcing, resulting in a lack of resilience. This outsourcing was evident in the shortage of critical medical supplies like PPE, particularly N95 masks, highlighting the consequences of prioritizing profit over preparedness.
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