- The Fourth Industrial Revolution can’t be a panacea for the problems caused by our obsession with unchecked economic growth.
- We need instead a concerted effort to reset our economic systems and make some hard choices about our future paths.
- An approach I call ‘insured resilience’ could be the answer we need. Here’s a guide.
Over the past couple of decades, the world has become enamoured with the transformative power of technology, and the belief that it can be the panacea for all human challenges.
The COVID-19 pandemic has upended this narrative, however. In spite of all the hype, digital technology could not prevent nor control the spread of the coronavirus. Instead, sound policy interventions, accessible healthcare, devoted professionals and good common sense are what have flattened curves. The technology that controlled the infection wasn’t a fancy contact tracing app, but instead the simple face mask.