I’ve been carefully moderating my news intake, but this article is worth reading and sharing: Tom Colicchio Spent 19 Years Building a Restaurant Empire. Coronavirus Gutted It in a Month.
This is devastating for so many people, but on the positive side, it exposes the limits of our system and what happens when capitalism is unchecked. Even CEOs of big companies are starting to recognize something’s off. The focus on quarterly earnings — we need to see the end of that. All the outsourcing of manufacturing to China, now we see the pitfalls of that. Maybe it’s okay to make a little less profit so the economy can survive shocks like this. Because it will happen again.
I think the bigger question is what does business look like, period. Does this grease the skids for national health care and finally move the burden away from small businesses? What we’re seeing now is how fragile the whole system is. Hopefully we’ll come out of it and build something stronger and better for everyone.
I was having a similar conversation with a friend yesterday. We were talking about the concept of Antifragility, and what might change about our societies in response to this pandemic that make them stronger… and better prepared for the next one.
h/t to @brucegodin—thanks for sharing!