Misplaced Priorities - Rectifying Institutional faults
If anything the current pandemic has exposed the inadequacy or abject failure of current institutional arrangements to meet unexpected and daunting challenges confronting the world. To say it happened without a warning might be incorrect. Ironically a warning about Corona like virus came from the poster boy of Capitalism, Bill Gates, five years ago! And yet we are where we are. I venture to argue that we are in our current predicament due to faulty institutional arrangements. It has been argued by experts that defence expenditure exceeds public healthcare expenditure and we have misplaced priorities. This is not a one off example but a pattern. Consider this, importance is given to defence, artificial intelligence, Industrial revolution 4.0, 5G, Space and arms race as compared to food, clothing, shelter, education and sanitation for all. The former more glamorous the latter more rudimentary yet essential. It is time every country invests limited resources on things that mat...