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Our ability to tackle this pandemic

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would have been different

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if over the past 75 years

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we had actually focused on managing

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wealth

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rather than simply trying to maximize income.

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When we talk about wealth instead of just income,

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we start talking about core assets

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like the health and skills of the population,

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like the infrastructure that we have available to us,

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and like a healthy,

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resilient environment,

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rather than just the annual flows

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of income that we can extract from that environment.

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And that really matters.

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Because for sustainability

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we need to ensure that wealth per capita

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is not falling over time.

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Better measurements of wealth

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and crucially

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actually using those measurements

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when we design and implement and evaluate policy

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can actually help us build resilience

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to future pandemics as well.

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It can lead to

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great investment in natural capital,

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protection of wild spaces,

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the better management of a food system

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so that we reduce

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rather than increase

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the opportunities for zoonotic disease transmission.

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A wealthier society

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with greater prosperity

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that is more productive,

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that has a stronger public balance sheet

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and that has a greater social capital

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more trust, shared social norms

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and an honest interface between the people and the government

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that kind of society

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is far better placed

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to manage collective action problems

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like a pandemic.

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A pandemic really is a collective action problem.

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It means all of us have to work together

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in order to reduce that transmission

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and reduce the human cost

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and economic cost of the pandemic.