Eric Weinstein asks if the mish-mash of corona virus responses from the state are because of LIABILITY fears?

28 04 2020

Open business, shelter-in-place, look forward to sports, wear masks forever ….

These wild ideas tossed out at the highest levels of government not only conflict with each other they appear insane.

In the prologue of this talk, Eric Weinstein suggests maybe the reason for the non-policy on the virus is because of liability fears.

LINK – https://www.youtube.com/watch?v=_b4qKv1Ctv8

2:30 min. mark –

” . . . we have had an almost universally unworkable leadership class now in place for just under 50 years. That it arose to disguise the end of the post-war economic growth regime.
This is a collection of people who have refactored the institutions that they’ve led within our system specifically to evade the embedded growth obligations or egos that were set in the previous era and who rewarded each other generally for doing exactly the wrong things in terms of the public good.
With an end to mandatory retirements the same people have been promoted for borrowing against the future and playing games of Russian roulette with financial markets in health care while self dealing within the system that they were handed stewards for the generations to come.
Serving a false god, a fake economic efficiency that reliably and deliberately fails to adequately incorporate actual economics like ‘Negative Externalities of Von Neumann–Morgenstern Sub-Utility Functions‘, ‘Principal Agent Problems, Moral Hazard‘, etc etc …. Our ubiquitous economists have hidden behind the mask of technocrats working for the public good while merely pretending to practice their own profession.

Health care mandarins too regularly ignore the warnings coming out of their own literature.
I mean, heading over to Google Scholar …. which readiness czar or hospital head could forget titles like ‘Mechanical Ventilation in an Airborne Epidemic‘ by Phua in 2008 or ‘Preparing Intensive Care for the Next Pandemic Influenza‘ by Taylor Kane and Robert Fowler in 2019?

Or those back-to-back hits of Meltzer, et al: ‘Stockpiling Ventilators for Influenza Pandemics‘ and ‘Estimates of the Demand for Mechanical Ventilation in the United States During an Influenza Pandemic‘ in 2017 and 2015 respectively.

In short – we got here not because we couldn’t foresee this future.  In fact we extensively studied it.
We got here because we decided to ignore the future that we knew was coming.
The specific class of people that we had at the helm of our institutions were constitutionally incapable of putting their foot down and asserting that we needed deeper reserves in order to handle what they called surge capacity.”