Is the System Working for the Coronavirus Pandemic?
Things are bad. Bad, bad, bad. There is no baseball, no bars, no Broadway. Without sports, alcohol or the arts, one can understand the impulse toward melancholy among some.
It is worth remembering, however, that things have been bad before. The 2008 financial crisis? That, too, was bad. Like today’s novel coronavirus pandemic, it was also global. It was so bad that when I wrote a book called “The System Worked” about the coordinated global response to that economic crisis, it generated some skepticism. Even the book’s critics acknowledged, however, that the immediate response was laudatory and helped to prevent a second Great Depression.