"**The country that spends more than half a trillion every year on its military** (more than all of its potential adversaries put together) **was unprepared for an event that was absolutely certain to occur, and it did not have enough basic medical supplies**: investment in domestic production worth a few hundred million dollars could have significantly reduced the economic losses of [[COVID-19]], measured in the trillions!" ([Location 4232](https://readwise.io/to_kindle?action=open&asin=B08SGC3TD3&location=4232)) --- **Tags** -- [[quotes]], [[pandemic]], [[manufacturing]], [[the-black-swan]], [[resilience]] **Source** -- [[202412030828 - B - How the World Really Works]]