How the greedy ruling elite failed us, by putting profit before pandemic preparedness

The global ruling elite, who ignored expert warnings of a pandemic, are even now proposing stimulus measures to prop up markets, rather than truly help people

Expect any attempts to align supply chains to health care or welfare imperatives to meet fierce resistance from vested financial interests, further holding back economic recovery

Andy Xie

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Published: 1:00am, 6 Apr, 2020

Updated: 1:12am, 6 Apr, 2020

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Andy Xie

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Dr Andy Xie is a Shanghai-based independent economist specialising in China and Asia, and writes, speaks and consults on global economics and financial markets. He joined Morgan Stanley in 1997 and was managing director and head of the firm’s Asia-Pacific economics team until 2006. Prior to that he spent two years with Macquarie Bank in Singapore, where he was an associate director in corporate finance. He also spent five years as an economist with the World Bank. He was voted one of the 50 most influential persons in finance by Bloomberg magazine in 2013.