Did Capitalism Fail During the Pandemic?
The Soho Forum Debates
00:00
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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