Wealthy countries witnessed only one major government pandemic spending package (2020 COVID emergency spending) and are unlikely to be able to repeat that fiscal response; future pandemics will hit governments with reduced budgets due to defense spending and other obligations.
forecastpending
Speaker
John RapleyEvidence Quote
“if we were to have another COVID-19, Western countries wouldn't be in a position to provide the kind of financial assistance they did last time. That was a one-off.”
Source
Rich Countries Are the Most Likely to COLLAPSE | Aaron Bastani Meets John Rapley— Novara MediaCreated: 8/11/2026, 4:59:43 AM
My Notes
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