Economists call this a black swan. An unforeseeable event, which upsets the established order, with incalculable consequences. Fallen like lightning on China, the coronavirus has already knocked down the Asian giant, who was believed to be invulnerable. It is now spreading panic to the four corners of the planet, where it spreads the poison of uncertainty. Whole economic sectors are paralyzed, many companies are idling, financial markets are slipping. For how long and at what price? The experience of past crises, where eminent experts have lost their credibility, invites humility: no one today can predict, even roughly, the duration and the final cost of this pandemic.
What we can already measure, however, is our extraordinary vulnerability to China, which has become in a few decades the lung of the globalized economy. In trade, industry, technology, our dependence has since
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