Time for Preemptive Economics
Transitioning away from the current way of doing things and towards the preemptive economics model. Preemptive economics involves a conceptual framework and systemic vision for the design, implementation and evaluation of public policy, especially with regard to that of social protection. It is based on a multi-entity, multidisciplinary approach that simultaneously utilizes a variety of areas and disciplines within the fields of science (both natural and social) and technology in order to prevent and anticipate the advent of the largest risks currently facing modern society. It also seeks to put forth optimal, dynamic, flexible solutions for the short, medium and long term if and when said risks materialize. The optimization of the use of public resources and cost-effectiveness analyses comprise the fundamental axioms of preemptive economics, with the understanding that prevention is the key to minimizing the economic, political and social costs of social protection.
The roots of preemptive economics lie in the public health sector which, when faced with the fear generated by huge increases in public outlays on the treatment of chronic degenerative diseases (expenditures that eventually become impossible to cover), determined that prevention was the best remedy to the medical-financial challenges besetting it.
Currently, preemptive economics is not limited to the healthcare sector, whereas it has evolved and become applicable to the entire severe of social protection; i.e., its cross-cutting, systemic approach is effectual in the analysis of economic, demographic, ecological and political issues, to name a few.
Preventive economics can help. It can free us of the problems and costs that are as huge as they are avoidable. And this is not about panaceas or simply trying something new. It’s about using our existing body knowledge and experience to avoid the trajectories we know end in tragedies of apocalyptic proportions. Nor is this about acting in time. Or changing the tires on our vehicle for a set of more durable treads for the narrow road that lies ahead. This is about changing the course of history.
Download full document: