Now a competent cat weighing a handful of kilograms can climb trees and traverse branches that a human weighing several dozen kilos would (or at least should) fear to tread. And there's a reason why the phrase "going out on a limb" has metaphorical punch even after decades of use. So it surprised me (and the world) to hear that Vladimir Putin had gone out on a rather skinny limb a few weeks ago with the announcement that Russia had developed the first coronavirus vaccine approved for widespread use. In response, the Dow Jones Industrial Average shot up around 2,000 points, and other stock exchanges rose significantly.
An effective vaccine would be welcomed in many corners, and if Russia were the nation to discover such a vaccine, it would certainly boost Russian prospects of being regarded as the most awesomely cool nation on earth. It would also help Putin's image not only as a physically robust national leader who goes hunting bare-chested in Siberia in the winter, but as a chess master, judoka, expert strategist, and totally awesome dude without equal in the world. ("Who is like the beast? Who is able to make war with him?") But almost immediately, the branch onto which Putin had climbed (bringing his nation with him) began to show some signs of cracking. For starters,
- The development of this vaccine has been horribly (and irresponsibly) rushed.
- A number of sources state that the vaccine developers would only have been able to complete Phase 1 and Phase 2 trials within their stated timeframe of development.
- Some sources (such as this and this) state that the reality is that the Russian vaccine has not even yet passed Phase 1 trials.
From these events, we can see the following things:
- First, we see what world leaders and economic ecosystems Putin now has in his pocket. With a net worth of $200 billion, Putin might have a surprising number of people in that pocket. Some of those people might be behind the most recent stock market rallies - rallies which are by now completely divorced from the actual on-the-ground economies of the nations these markets are supposed to represent. Watch also for national leaders who rush to volunteer their populations as guinea pigs for the Russian vaccine.
- Second, we see the harm that the damaging and toxic mix of malignant narcissism and unethical competition can produce. I am reminded of YouTube videos of Margaret Heffernan discussing the damaging effects of competition on the creation of things of genuine economic value. One of the reasons for the damage is the intense pressure felt by people in highly competitive environments to overstate their accomplishments, to plagiarize the work of others, and to outright fake results.
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