Mar 29, 2020, 11:53 AM
—“NYT: The U.S. Tried to Build a New Fleet of Ventilators. The Mission Failed…. As the coronavirus spreads, the collapse of the project helps explain America’s acute shortage.”—@sarahkliff
—“NEW: Read about the cheaper, more durable ventilator that never was. It’s a tale about just what happens when critical public-health projects are left to private companies. SPOILER: it doesn’t end well. “—Jessica Silver-Greenberg @jbsgreenberg
CORRECTION: When left to practical monopolies, not the private sector. The government’s role is to prevent practical monopolies and maintain fault tolerant supply chains in strategic industries (no one cares about ferraris).
The government has failed to maintain the MARKET.
I should take it further: We see how Education, FDA, and CDC have all failed in their missions. But we also see how Doctors have NOT failed in their mission. If military, industry, and health practitioners continuously updated strategic requirements by govt mandate it’d be fine.