Skin In The Game – Social and Economic Policy

The problem with centrally allocated social and economic policy is that the central authority usually does not have skin in the game.

Hence the delay in the World Health Organisation (WHO) dealing with the Covid-19 crisis while it was still predominantly in China and could have been contained had they moved to quarantine international borders early, not waited for “evidence” that it was a respiratory virus which spread from person-to-person and not waited for “evidence” that masks are of benefit because they reduce transmission and viral load.

The W.H.O.’s delay led to the world’s governments also moving slowly.