The loss of GDP from the virus is not a “surprise” nor a “one off” event. Past GDP gains from globalization produced “interlocking fragility” ( #TheBlackSwan), with fake growth/profits & #pseudoefficiency Globalization produce small gains w/delayed costs. It is what it is. 2) It does not mean “avoid globalization”. It is that one needs to understand scaling a little better before making claims of “benefits”. Mild globalization is v. different from what we have today.
