Niall Ferguson, Columnist

The Next Global Disaster Is on Its Way, and We Aren’t Ready

A major lesson of Covid-19 is that there is no distinction between natural and man-made catastrophes.

Small world, big problem.

Photographer: Joel Saget/AFP/Getty Images

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The Covid-19 pandemic is not over, but it is already clear that Lord Rees, Britain’s astronomer royal, has won his 2017 bet with the Harvard psychologist Steven Pinker that “bioterror or bioerror will lead to one million casualties in a single event within a six-month period starting no later than Dec. 31, 2020.”

Last year, according to Johns Hopkins University, the SARS-CoV-2 virus claimed the lives of 1.8 million people. The global death toll could exceed 5 million by Aug. 1 — or 9 million, if one accepts the drastic new upward revision by the Institute for Health Metrics and Evaluation. It could have been worse, of course. In March 2020, some epidemiologists argued that, without drastic social distancing and economic lockdowns, the ultimate death toll could be between 30 and 40 million. Yet the cost of such nonpharmaceutical interventions has been enormous — for the U.S. alone, an estimated 90% of GDP.