Was the pandemic a grey rhino or a black swan?

The pandemic should encourage policymakers to pay more attention to other known but poorly managed risks. These include rising inequality, climate change and financial imbalances such as dangerous corporate-debt levels and asset bubbles. Picture each of these obvious dangers as a two-tonne grey rhinoceros with its horn pointed our way and its massive weight bearing down on us: they are very visible and their impact can be foreseen. The interactions among these rhinos heighten the danger. You could appropriately call them a crash­—the zoological term for a group—of grey rhinos. Read more (Economist)

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