My last two articles have highlighted the failures of risk management in the ten weeks leading up to the Western COVID-19 lockdowns where over-reliance on the precautionary principle has left our authorities with limited options leading to a massive denial of social benefits with unfathomable consequences. I want to turn to a more detailed assessment of how risk managers failed with the hope that, once COVID-19 becomes part of history, we will have learnt something. While the horrors of the devastation is still raw, we need to prepare a blueprint for tomorrow. This first section looks at how the precautionary principle failed to function as a credible risk management tool. Part 2 will look at how we can become risk resilient even when our risk managers fail us (how we can perform a “Docilian Detox”). Part 3 will lay down the groundwork for a robust risk management strategy post-COVID-19 to…
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Utopia, you are standing in it! 
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